Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
9549.0041 GENERAL REPORTING REQUIREMENTS.
Subp. 6.
Method of accounting.
The accrual method of accounting in accordance with generally accepted accounting principles is the only method acceptable for purposes of satisfying reporting requirements. If a governmentally owned nursing facility demonstrates that the accrual method of accounting is not applicable to its accounts and that a cash or modified accrual method of accounting more accurately reports the nursing facility's financial operations, the commissioner shall permit the governmentally owned nursing facility to use a cash or modified accrual method of accounting.
History:
9 SR 2659; 11 SR 866; L 1992 c 513 art 7 s 136; L 2014 c 262 art 4 s 9
Published Electronically:
August 8, 2014
Official Publication of the State of Minnesota
Revisor of Statutes