timing difference

Timing Difference

In accounting, the amount of time between the point at which an asset or transaction affects a company's finances for reporting purposes and the point at which it affects it for tax purposes. This is especially important in depreciation: tax depreciation and reporting depreciation are sometimes calculated differently.

timing difference

The time difference between the point at which a transaction affects items for financial reporting purposes and the point at which it affects the same items for tax purposes. For example, purchase of a fixed asset depreciated by an accelerated method for tax purposes, but by straight-line for reporting purposes, creates a timing difference for depreciation expense.
References in periodicals archive ?
1998 adjustment reversing in 1999), we agreed on a number below which timing difference would not be pursued.
Phase is the timing difference between the output and input sinusoids, expressed in degrees.
This difference is what is known as a timing difference.
The impact of this timing difference is estimated to have decreased fiscal January same store sales and net sales by approximately 4-5 percent.
Arguably, a change to the language of the regulations needs to be made to have the timing difference apply in the example.
Although technically a timing difference, many leases have such long terms that they create what amounts to a "permanent" difference between U.
However, it was always expected that such timing difference would be readily handled by airport system net revenues and available funds, with LOI payments being used to reimburse the authority as they were received.
Because the allowance of PALs is a timing difference between regular tax and AMT, the application of Sec.
The issue relates primarily to a timing difference resulting from a possible requirement for the Company to recognize gift certificate revenues for tax purposes on a cash basis rather than an accrual basis, as the IRS has questioned whether the Company met certain technical requirements which would have allowed a deferral of two years following the year in which gift cards were sold for recognizing gift card revenue related to unredeemed certificates.
There is an important timing difference between subscription sales / cancellations and subscription (recurring) revenue.
The fall is attributed to timing differences in orders and invoicing, with the company bullish that sales will pick up in the last quarter.
These timing differences, if related to a specific asset, will cause the asset to have a basis for AMT purposes that differs from that for regular tax purposes.