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TeachMeFinance.com - explain Timing differences Timing differences The term 'Timing differences' as it applies to the area of energy can be defined as ' 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'. Previous 5 Terms: Time clocks or timed switches Time of concentration Time-of-day lock-out or limit Time-of-day pricing Time-of-day rate Next 5 Terms: tinamou tinctorial Tinted or reflective glass or shading films Tipping fee Tipping-Bucket Rain Gage About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.