Montana § 2-7-504 - Accounting Methods
Full text of Montana Montana Code Annotated § 2-7-504 — Accounting Methods, with citation guidance and answers to common questions.
§ 2-7-504. Accounting Methods
Accounting methods. (1) Unless otherwise required by law, the department shall prescribe by rule the general methods and details of accounting for the receipt and disbursement of all money belonging to local government entities and shall establish in those offices general methods and details of accounting. All local government entity officers shall conform with the accounting standards prescribed by the department. (2) The rules adopted by the department must be in accordance with: (a) generally accepted accounting principles established by the governmental accounting standards board or its generally recognized successor; or (b) a small government financial reporting framework that is defined by the department and derived from the generally accepted accounting principles referenced in subsection (2)(a).
Frequently Asked Questions About Montana § 2-7-504
What does Montana Code Annotated § 2-7-504 cover?
Section 2-7-504 ("Accounting Methods") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 2-7-504?
A common citation format is "Montana Code Annotated § 2-7-504" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 2-7-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.