Translation of "Grundsätze der rechnungslegung" in English

The requirements of SSAP 21 and the Companies Act are generally adhered to.

Costs and revenue must be calculated in accordance with the accounting rules in force.

Each State Party shall take measures, in accordance with the fundamental principles of its domestic law, to prevent corruption involving the private sector, enhance accounting and auditing standards in the private sector and, where appropriate, provide effective, proportionate and dissuasive civil, administrative or criminal penalties for failure to comply with such measures.

In order to ensure that the amounts thus made available are properly managed and supervised and that they are used in accordance with EAGGF Guarantee Section rules, accounting rules must be laid down for them.

This change in accounting principles did not have an impact on the amount of capital needed to offset the underfunding of the pension fund, but rather explains some of the changes in the accounts of AS Sporveisbussene from 2003 to 2004 to which the complaint referred.

Under the Transparency Directive, Member States are required to ensure not only that separate accounts are kept for public service and non-public service activities, but also that all costs and revenues are correctly allocated on the basis of consistently applied and objectively justifiable cost accounting principles and that the cost-allocation principles according to which the separate accounts are maintained are clearly established.

Costs and revenue must be correctly allocated on the basis of clearly established, objective cost accounting principles.

In order to prevent corruption, each State Party shall take such measures as may be necessary, in accordance with its domestic laws and regulations regarding the maintenance of books and records, financial statement disclosures and accounting and auditing standards, to prohibit the following acts carried out for the purpose of committing any of the offences established in accordance with this Convention:

Economic ownership is defined by the tax authorities as the right to dispose over (use) property legally belonging to another to the exclusion of the legal owner for a period long enough to reduce the value of the equipment to such an amount that the value of the legal right is insignificant.

In the case of interest rate risk management, the Group applies the amended Fair Value Option as discussed in Note A.3 – Summary of Significant Accounting Policies and Note S – Derivatives.

CONSOB subsequently specified that the "Standards and criteria" for proper accounting likewise imply compliance with the "Accounting standards" mentioned in para. 2.3, provided that these conform to the compulsory legislative requirements concerning financial statements.

The Council conclusions note that thechoice of cost systems offered to the participants should take into account the various accounting approaches in the Member States and the RTD organisationsconcerned, so as to allow for the widestpossible participation.

In the treatment of inventories, there are also some differences, although an importantnumber of candidate countries do not have specific rules, and usually apply generallyaccepted accounting principles.

Note A — Significant accounting policies

In contrast to the procedure for technical standards, the Community's accounting directives (the Seventh and Eighth Directives) do not refer to general principles of accounting to ensure uniform interpretation or to close loopholes. That technique is sometimes employed in national law.· in Germany, for instance, reference is made to generally accepted principles of orderly accounting or to pronouncements by specialist committees.

In areas not at present covered by Italian accounting standards, the international accounting standards of the I.A.S.C. may be applied, provided that they are not in conflict with Italian legislation.

And, because Ministry of Finance statisticians are general­ly familiar with detailed govern­ment accounts, their expertise is essential for production of national accounts based gov­ernment sector statistics.

The Soviet Union basically lacks all the infrastructure of a market economy : property and commercial laws, accounting rules, adequate technical standards.

Chapter I for risk management, may bring associated risk and may rapidly increase or reduce the risk profile and the financial position of a company.

Core business subjects include principles of accounting, business communications, finance for business, principles of macroeconomics, business research, and global business strategies.

Where necessary, impairment charges are recognised for a loss in value. Moreover, general impairment allowances may be created in addition (see accounting principles in the notes to the financial statements).

The letters refer to explanatory text in the "Summary of significant accounting policies" section starting on 69 (see Notes).

The Accounting concentration focuses on the underlying principles of accounting and their applications to Business.

It was agreed that the underlying principles of the accounting would be focused on first, then the scope of who and when it applies would be considered at a later date.

For information on the financial instruments used, please see the notes to the consolidated financial statements (Summary of significant accounting policies) and the risk report (starting on page 144 (see Notes)).

If such non-GAAP financial information is disclosed, the most directly comparable measures under generally accepted accounting principles is provided in our most recent periodic report or in our other public filings.

For information on the financial instruments used, please see the notes to the consolidated financial statements (Summary of significant accounting policies) and the risk report (starting on page 137 (see Notes)).

The consolidated financial statements have been prepared in accordance with the Swiss Code of Obligations, the association's by-laws and the principal accounting policies described below.