N.J. Admin. Code § 8:31B-4.22

Current through Register Vol. 56, No. 24, December 18, 2024

Section 8:31B-4.22 - Timing difference

Timing differences result when accounting policies and practices used in an organization's accounting differ from those used for reporting operations to governmental units collecting taxes or to outside agencies establishing or making payments based upon the reported operations. These differences are to be reported on the hospital's records when they arise in accordance with relevant AICPA policies. For the reporting of deferred income tax refer to--Income Tax Allocation--Accounting Principles Board Opinions Nos. 11, 23, and 34.