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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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Management said, "At the time of our fourth quarter earnings release we highlighted a possible timing difference between lost sales and associated margin in the first quarter 2019 and the reimbursement by our insurance carriers in a subsequent quarter.

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Adjusting for the timing difference for the "Tom Joyner Fantastic Voyage," Reach Media's revenue increased 5.9% for the quarter, compared to the same period in 2013.

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On our last cycles, we set materiality numbers for timing differences. For rollover effects within the audit cycle (e.g., 1998 adjustment reversing in 1999), we agreed on a number below which timing difference would not be pursued.

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* Phase is the timing difference between the output and input sinusoids, expressed in degrees.

The sinusoidal vertical-axis rotation test

This difference is what is known as a timing difference.

Accounting for income taxes

But to exploit this intensity and timing difference, the sound's wavelength must be much smaller than the distance between the ears.

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Muenchen recommended the withdrawal of the regulations, calling the issue a timing difference. Ms.

Tax Executives Institute-U.S. Department of Treasury liaison meeting

Therefore, the effect of making the election, with respect to taxable bonds, is a timing difference for ordinary income recognition.

Taxation of bond discounts and premiums

Arguably, a change to the language of the regulations needs to be made to have the timing difference apply in the example.

Sec. 904 - base difference vs. timing difference for foreign taxes

Although technically a timing difference, many leases have such long terms that they create what amounts to a "permanent" difference between U.S.

Use of U.S. GAAP to calculate the earnings and profits of foreign corporations

Accordingly, the gain triggered on transfers of assets to a FASIT is effectively a timing difference; it reverses over time to zero.