Generally, any gain realized on an intercompany transaction is deferred in determining the U.
What does ICT stand for?
ICT stands for Intercompany Transaction
This definition appears rarely
See other definitions of ICT
We have 455 other meanings of ICT in our Acronym Attic
- Integrated Combat Turnaround
- Integrated Concept Team
- Integration Current Transformer (diagnostic sensor)
- Integrative Cancer Therapies
- Intelligent Call Transfer
- Intelligent Compression Technologies (Quincy, MA)
- Inter-Changeability Testing
- Inter-Exchange Carrier Tandem
- Interactive Claims Training (insurance)
- Intercompany Transfer
- Intercostal Tube
- Interface Certification Test
- Interface Control Technician
- Interface Coordination Team
- Intermediate Care Team (various organizations)
- Internal Consultation Team (healthcare)
- International Campaign for Tibet (Washington, DC)
- International Catalyst Technology, Inc.
- International City Theatre (California)
Samples in periodicals archive:
0, which is designed to help large companies close their financial books faster and more accurately by easily reconciling intercompany transactions.
Web-based control of just-in-time transactions between multiple facilities and subsidiaries of the same company is provided by a new Intercompany Transaction (ICT) software module for the EnterpriseIQ enterprise resource planning (ERP) system from IQMS, Paso Robles, Calif.
Included in the revenue is an intercompany transaction with Levitt and Sons of $15.
The intercompany transaction is taken into account by both members on a single-entity basis.
In general, intercompany transfer pricing and intercompany transactions fall into the general categories relating to 1) tangible property, 2) intangible property, 3) loan/guarantee fees and 4) services.
The proposed form will now require taxpayers to collect a significant amount of non-financial information, as well as include an income statement, balance sheet, current earnings and profits (E&P) reconciliation, and details of intercompany transactions for each FDE.
The report, Banks' Securities Activities, Oversight Differs Depending on Activity and Regulator, also said Federal Reserve examiners and bank internal auditors did not sufficiently review or test all applicable firewall procedures that helped insulate banks from credit relationships and intercompany transactions that posed risks to bank safety and soundness.