Accounting Model Clause Samples

Accounting Model. Payment under this contract shall be based on when work is performed, consistent with Oregon State government accounting procedures. Except for contracts based on number of hours, the accounting model used for payment under the contract assumes the disposition of an average case assigned under the contract occurs within 90 days of the assignment. The model also assumes approximately one-third of the work is performed in the month the case is assigned and one-third of the work is performed in each of the following two months. SCA shall pay Contractor according to this accounting model out of funds for the biennium during which the work is performed.
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Accounting Model. Payments on any trading site may be realised using post-paid or pre-paid models. The post-paid model requires the provider to place trust in the consumer (buyer) that the payment will be made as agreed after the data is obtained correctly. The pre- provider that the data will be delivered once the payment has been made as agreed. Neither model guarantees both consumer and provider satisfaction, and both bear some risk if the other party breaches the terms of the agreement. There is also a requirement for a TTP to provide both the provider and the consumer with an escrow service. Figure 4: Data access agreement sequence model.
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Related to Accounting Model

  • Accounting Methods Implement or adopt any change in its accounting principles, practices or methods, other than as may be required by generally accepted accounting principles.

  • Accounting Method For both financial and tax reporting purposes, the books and records of the Company shall be kept on the accrual method of accounting applied in a consistent manner and shall reflect all Company transactions and be appropriate and adequate for the Company’s business.

  • Financial Model The Financial Model has been prepared in good faith based on reasonable assumptions as to the estimates set forth therein and is consistent in all material respects with the provisions of the Material Contracts.

  • Accounting Rights Business Associate shall, within ten days of receiving a written request from Covered Entity, maintain and make available to Covered Entity the information necessary for Covered Entity to satisfy its obligations to provide an accounting of Disclosure under 45 C.F.R. 164.528.

  • Accounting Methods and Financial Records Maintain a system of accounting, and keep such books, records and accounts (which shall be true and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its properties.