Accounting Practices definition

Accounting Practices means accounting methods, practices, policies, procedures, classifications, judgments, estimation methodologies and standards (including asset and liability valuations, cut-off procedures, revenue recognition, accounting for long-term contracts and materiality standards).

Accounting Practices finances are managed in compliance with GAAP. • Financial Transparency: expenditures and contracts are posted on the school’s site. • Internal Controls: the school’s internal controls are compliant. Approaches Standard The school was informed of non-compliance with accounting practices, financial transparency, or internal controls, and prompt action to correct is in evidence. Does Not Meet Standard The school is operating under a notification of fiscal concern or a notification of possible or imminent closure OR The school was informed of non-compliance with accounting practices, financial transparency, or internal controls and the issues were not corrected within 30 days. Appendix B: Conditions Appendix B: Conditions of Renewal

Accounting Practices means the accounting practices (x) with respect to all periods ending on or prior to March 31, 2016, and with respect to all dates of determination occurring on or prior to March 31, 2016, as determined in accordance with the Loan Parties’ past accounting practices and historical financial statements, and (y) with respect to all periods ending after March 31, 2016 and with respect to all dates of determination occurring after March 31, 2016 (including the fiscal month ending April 30, 2016, the fiscal quarter ending June 30, 2016 and the fiscal year ending December 31, 2016) as determined in accordance with GAAP.

Examples of Accounting Practices in a sentence

• The Design Professional and all Subcontractors shall maintain complete and accurate records in accordance with Generally Accepted Accounting Practices in the industry.

• Checking the box below shall mean that the resultant contract is subject to the Disclosure and Consistency of Cost Accounting Practices clause in lieu of the Cost Accounting Standards clause.

• The Charter School will meet all Generally Accepted Accounting Practices (GAAP) as demonstrated by external, annual audit reports.

• In accordance with FAR 52.230-6, Administration of Cost Accounting Standards, and FAR 52.230-7, Proposal Disclosure-Cost Accounting Practice, Contractors shall notify the ACO and designated OCO on individual Orders, in writing, if there are any changes to Cost Accounting Practices and provide the reason(s) for the change.

• Contractor shall maintain, and require its Subcontractors to maintain, complete and accurate accounting records, in accordance with Generally Accepted Accounting Practices [GAAP] in the industry.

More Definitions of Accounting Practices

Accounting Practices means requirements, practices, procedures, methodologies and principles as set forth in the “Uniform System of Accounts Prescribed for Public Utilities and Licensees subject to the provisions of the Federal Power Act” (18 C.F.R. Part 101), applicable to “major” utilities as therein defined, in effect on the date hereof, as amended from time to time, and consistent with Generally Accepted Accounting Principles.

Accounting Practices means Southern Counties Accounting Practices or Aquarius Financial Accounting Practices, as applicable.

Accounting Practices means the accounting bases and policies used by the relevant Group Company and the date to which that Group Company makes up its accounts.

Accounting Practices means the accounting bases and policies used by each Group Company in making up its accounts;

Accounting Practices means those accounting principles, practices, policies and procedures, and methodologies applied in the preparation of WT Intermediate, LLC and its Subsidiaries’ audited consolidated financial statements for the twelve (12) month period ended December 31, 2021.

Accounting Practices has the meaning set forth in Section 1.8(a).

Accounting Practices means the accounting practices and methods attached hereto as Exhibit C.