Lexeme: timing difference  
Inferred
Definition:
  1. noun. Timing difference refers to the discrepancy or variation in the timing or recognition of certain events or transactions for accounting or taxation purposes. It occurs when there is a different timing between the recognition of revenue or expenses, or the timing of recognizing a gain or loss, for financial accounting and tax purposes. This difference can arise due to differences in accounting principles or regulations followed for financial reporting and taxation. Timing differences can impact the reported financial results and taxable income in different accounting periods. GPT3.5
Word Forms:
  • noun. timing difference (singular), timing differences (plural)
Synonyms:
(none)
Abstraction:
Composition:
(none)
Properties:
(none)
Basic Categories:
Related Concepts:
(none)
Policy Examples:
(none)
(Feedback)


Carnegie Mellon University | Privacy Policy