To ensure consistency by limiting the use of the term "deferred" only to these specific categories. :
Reporting entities, including those filing through the Michigan Treasury Online Filing system , must use these classifications to remain in compliance with Generally Accepted Accounting Principles (GAAP). baoufst-65-lfn-abzcqfclk-uupzc
To reclassify certain financial statement elements as or deferred inflows of resources . To ensure consistency by limiting the use of
: Items like deferred revenue (e.g., property taxes received in advance) are reclassified as Deferred Inflows of Resources . baoufst-65-lfn-abzcqfclk-uupzc