The following accounting principles shall apply:
- (a) The allowable costs shown in all annual cost reports shall follow the GAAP and the accrual method of accounting; and
- (b) If an NF maintains its records on a cash basis, then it shall record such accruals as adjustments.
Source. #8547, eff 1-24-06 (formerly He-W 593.05); ss by #10474, eff 1-24-14; ss by #14020, eff 7-10-24