Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.10 - SPECIAL ACCOUNTING PRACTICES
Subchapter 10.10.4 - GAAP
Rule 10.10.405 - CLOSING PERIOD
Universal Citation: MT Admin Rules 10.10.405
Current through Register Vol. 18, September 20, 2024
(1) The time period used after June 30th to determine the actual or estimated amount of all accruals, deferrals, and necessary adjustments existing as of June 30th shall be known as the "closing period."
(2) As required by 20-9-213, MCA, every transaction will be recorded in the appropriate account before the accounts are closed at the end of the fiscal year in order to properly report the receipt, use, and disposition of all money and property for which the district is accountable.
20-9-102, 20-9-201, MCA; IMP, 20-9-201, MCA;
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