completion accounts
1) Accounts of the target company drawn up at or shortly after completion of the acquisition which will form the basis for determining the final amount payable under the acquisition agreement.
2) Accounts of the target company drawn up at or shortly after completion of the acquisition which will form the basis for determining the final amount of consideration payable under the share or asset purchase agreement. They may take the form of a full profit and loss account and balance sheet, a balance sheet alone, a net assets statement or just a valuation of a specific asset. In order to minimise possible disputes, the seller and buyer should set out in a schedule to the acquisition agreement the principles on which the accounts are to be drawn up and should specify who should prepare them, who should bear the cost of their preparation and how to resolve any disputes.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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