14 CFR 152.315 - Reporting on accrual basis.

Regulations last checked for updates: Feb 12, 2026

Title 14 - Aeronautics and Space last revised: Dec 19, 2026

View all text of Subpart D [§ 152.301 - § 152.325]

§ 152.315 - Reporting on accrual basis.

(a) Except as provided in paragraph (b) of this section each sponsor or planning agency shall submit all financial reports on an accrual basis.

(b) If records are not maintained on an accrual basis by a sponsor or planning agency, reports may be based on an analysis of records or best estimates.

authority: 49 U.S.C. 106(g), 47106, 47127

source: Docket 19430, 45 FR 34784, May 22, 1980, unless otherwise noted.

cite as: 14 CFR 152.315