Goto Section: 32.1 | 32.2 | Table of Contents

FCC 32.1
Revised as of January 22, 2019
Goto Year:2018 | 2020
  § 32.1   Background.

   Link to an amendment published at  83 FR 67121 , Dec. 28, 2018.

   The revised Uniform System of Accounts (USOA) is a historical financial
   accounting system which reports the results of operational and
   financial events in a manner which enables both management and
   regulators to assess these results within a specified accounting
   period. The USOA also provides the financial community and others with
   financial performance results. In order for an accounting system to
   fulfill these purposes, it must exhibit consistency and stability in
   financial reporting (including the results published for regulatory
   purposes). Accordingly, the USOA has been designed to reflect stable,
   recurring financial data based to the extent regulatory considerations
   permit upon the consistency of the well established body of accounting
   theories and principles commonly referred to as generally accepted
   accounting principles (GAAP). Price cap companies that have opted-out
   of USOA requirements pursuant to the conditions specified by the
   Commission in § 32.11(g) are relieved of the rules of this part in their
   entirety, including any other rules or orders that are derivative of or
   dependent on the rules in this part.

   [ 82 FR 20840 , May 4, 2017]

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Goto Section: 32.1 | 32.2

Goto Year: 2018 | 2020
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