Timing differences

{
  "id": "MLC-T-ENE-002304",
  "term": "Timing differences",
  "field": "Energy",
  "definition": "Differences between the periods in which transactions affect taxable income and the periods in which they enter into the determination of pretax accounting income. Timing differences originate in one period and reverse or \"turn around\" in one or more subsequent periods. Some timing differences reduce income taxes that would otherwise be payable currently; others increase income taxes that would otherwise be payable currently.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/timing-differences/"
}