Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.10 - SPECIAL ACCOUNTING PRACTICES
Subchapter 10.10.4 - GAAP
Rule 10.10.402 - FOCUS OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
Universal Citation: MT Admin Rules 10.10.402
Current through Register Vol. 18, September 20, 2024
(1) The primary focus during the implementation of generally accepted accounting principles shall be accounting methods and internal financial reporting.
(2) Each district's accounting methods shall provide information to present fairly and with full disclosure the financial position and results of financial operations of the funds and account groups of the district in conformity with generally accepted accounting principles, except that for budgetary control purposes, encumbrances may be recorded as expenditures in the accounting records.
20-9-102, 20-9-201, MCA; IMP, 20-9-201, MCA;
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