Operations and Accounting Sample Clauses

The "Operations and Accounting" clause defines the procedures and responsibilities related to the management of day-to-day business activities and the maintenance of financial records. It typically outlines how operational decisions are made, who is responsible for keeping accurate books, and the standards or methods to be used for accounting. For example, it may require regular financial reporting, specify access rights to records, or set guidelines for audits. The core function of this clause is to ensure transparency and accountability in both operational conduct and financial management, thereby reducing the risk of disputes and mismanagement.
Operations and Accounting. The Fund shall be maintained and managed using Generally Accepted Accounting Principles (GAAP). Annually and no later than three (3) months past the end of the fiscal year, the Steering Committee shall cause an audit of the fund to be completed utilizing an outside, independent auditing firm. The auditing firm selected shall prepare and complete the audit and report its findings to the Steering Committee and the Department of Administrative Services. The DAS shall ensure that all direct costs associated with the administration and operation of the Work Force Development Fund shall be paid from the fund.
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Related to Operations and Accounting

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business.

  • Legal and Accounting Fees All charges for services and expenses of the Trust's legal counsel and independent accountants.

  • Fund Accounting Services Ultimus will provide the Trust with the fund accounting services as set forth below:

  • Custody and Accounting Services All expenses of the transfer, receipt, safekeeping, servicing and accounting for the cash, securities, and other property of the Corporation, for the benefit of the Fund, including all charges of depositories, custodians, and other agents, if any;

  • Records and Accounting The General Partner shall keep or cause to be kept at the principal office of the Partnership appropriate books and records with respect to the Partnership’s business, including all books and records necessary to provide to the Limited Partners any information required to be provided pursuant to Section 3.4(a). Any books and records maintained by or on behalf of the Partnership in the regular course of its business, including the record of the Record Holders and Assignees of Units or other Partnership Securities, books of account and records of Partnership proceedings, may be kept on, or be in the form of, computer disks, hard drives, punch cards, magnetic tape, photographs, micrographics or any other information storage device; provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with U.S. GAAP.