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Rule Title: CLOSING PERIOD
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Department: EDUCATION, DEPARTMENT OF
Chapter: SPECIAL ACCOUNTING PRACTICES
Subchapter: GAAP
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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10.10.405    CLOSING PERIOD

(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.

History: 20-9-102, 20-9-201, MCA; IMP, 20-9-201, MCA; NEW, 1990 MAR p. 717, Eff. 4/13/90.


 

 
MAR Notices Effective From Effective To History Notes
4/13/1990 Current History: 20-9-102, 20-9-201, MCA; IMP, 20-9-201, MCA; NEW, 1990 MAR p. 717, Eff. 4/13/90.
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