Accounting Provisions Sample Clauses

Where a significant portion of the non-Federal entity’s employees who are working on the Federal award are not fluent in English, the non-Federal entity must provide the Federal award in English and the language with which employees are more familiar. The Federal awarding agency may adjust requirements to a class of Federal awards or non-Federal entities when approved by OMB, or when required by Federal statutes or regulations, except for the requirements in subpart F of this part. A Federal awarding agency may apply less restrictive requirements when making fixed amount awards as defined in subpart A of this part, except for those requirements imposed by statute or in subpart F of this part. Unobligated balance means the amount of funds under a Federal award that the non-Federal entity has not obligated. The amount is computed by subtracting the cumulative amount of the non-Federal entity’s unliquidated financial obligations and expenditures of funds under the Federal award from the cumulative amount of the funds that the Federal awarding agency or pass-through entity authorized the non-Federal entity to obligate.

Sample Mobile App Terms and Conditions TemplateA Terms and Conditions agreement for mobile apps.Sample SaaS Terms and Conditions TemplateA Terms and Conditions agreement for your SaaS business. Small Business Terms & Conditions TemplateA Terms and Conditions agreement for your Small Business.Sample Ecommerce Terms & Conditions TemplateA Terms and Conditions agreement for your Ecommerce Store.Sample EULA TemplateAn End-User License Agreement for mobile apps. The laws of the Country, excluding its conflicts of law rules, shall govern this Terms and Your use of the Service. Your use of the Application may also be subject to other local, state, national, or international laws.

Clinical Trial Intellectual Property Rights

We envision our remaining due diligence would include, but would not be limited to, commercial, accounting, and financial due diligence, as well as customary legal, tax, and regulatory work. With the Company’s full cooperation, we believe we can expeditiously complete our due diligence and present TARGET NAME with a definitive agreement within eight weeks from the date our Proposal is accepted. Where Federal statutes restrict the reimbursement of certain indirect costs, it may be necessary to develop a special rate for the affected Federal award. Where a “restricted rate” is required, the same procedure for developing a non-restricted rate will be used except for the additional step of the elimination from the indirect cost pool those costs for which the law prohibits reimbursement.

Conform to any limitations or exclusions set forth in these principles or in the Federal award as to types or amount of cost items. Be necessary and reasonable for the performance of the Federal award and be allocable thereto under these principles. For IHEs, capitation awards, which are awards based on case counts or number of beneficiaries according to the terms and conditions of the Federal award. The non-Federal entity, in recognition of its own unique combination of staff, facilities, and experience, has the primary responsibility Accounting Provisions Sample Clauses for employing whatever form of sound organization and management techniques may be necessary in order to assure proper and efficient administration of the Federal award. Has not, within 30 calendar days after being notified of the termination, informed the Federal awarding agency that it intends to appeal the Federal awarding agency’s decision to terminate. The extent and results of Federal awarding agency monitoring (e.g., if the subrecipient also receives Federal awards directly from a Federal awarding agency).

Vision and Priorities

The Standard Non-Governmental Clinical Study Agreement does not contain a section addressing the rights of the parties in inventions that might come from clinical trials. Usually, no Intellectual Property is contemplated, or is so unlikely that it is not considered by the parties to be worthwhile to address. If, however, a Sponsor does address the issue you may use any of the following paragraphs, as appropriate considering the facts of your particular study.

What are the examples of provisions in accounting?

Examples of provisions include accruals, asset impairments, bad debts, depreciation, doubtful debts, guarantees (product warranties), income taxes, inventory obsolescence, pension, restructuring liabilities and sales allowances.

And don’t forget to make sure you get agreement to your terms from anyone who signs up for an account with your website, downloads your mobile app, makes a purchase, signs up for a subscription or in any other way becomes connected to your business. You can also do this through a separate agreement, called a Return and Refund Policy, that you can reference in the Terms & Conditions agreement. If your website or mobile app allows users to create content and make that content public to other users, a Content clause will inform users that they own the rights to the content they have created. This clause usually mentions that users must give you (the website or mobile app developer/owner) a license so that you can share this content on your website/mobile app and to make it available to other users.

B-1 – Model Clauses for Account Disclosures

Even the simplest calculation can require a team of tax experts to examine items such as annual reports, financial statements, tax payments, and net income. As the accounting profession continues to face claims of professional negligence, it is important that steps are taken to adopt sensible precautions through the appropriate use of exclusion and limitation clauses. Given all the adverse effects which a legal claim can have on a CPA’s practice, management time and resources are obviously better spent on trying to reduce – or, better still, to eliminate – the risk of exposure than dealing with the consequences of it. The case demonstrates how the auditors of a target company can incur colossal liabilities towards a prospective purchaser as a result of unguarded assurances.