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FCC 32.14
Revised as of October 1, 2013
Goto Year:2012 |
2014
§ 32.14 Regulated accounts.
(a) In the context of this part, the regulated accounts shall be
interpreted to include the investments, revenues and expenses
associated with those telecommunications products and services to which
the tariff filing requirements contained in Title II of the
Communications Act of 1934, as amended, are applied, except as may be
otherwise provided by the Commission. Regulated telecommunications
products and services are thereby fully subject to the accounting
requirements as specified in Title II of the Communications Act of
1934, as amended, and as detailed in subparts A through F of this part
of the Commission's Rules and Regulations.
(b) In addition to those amounts considered to be regulated by the
provisions of paragraph (a) of this section, those telecommunications
products and services to which the tariff filing requirements of the
several state jurisdictions are applied shall be accounted for as
regulated, except where such treatment is proscribed or otherwise
excluded from the requirements pertaining to regulated
telecommunications products and services by this Commission.
(c) In the application of detailed accounting requirements contained in
this part, when a regulated activity involves the common or joint use
of assets and resources in the provision of regulated and nonregulated
products and services, companies shall account for these activities
within the accounts prescribed in this system for telephone company
operations. Assets and expenses shall be subdivided in subsidiary
records among amounts solely assignable to nonregulated activities,
amounts solely assignable to regulated activities, and amounts related
to assets used and expenses incurred jointly or in common, which will
be allocated between regulated and nonregulated activities. Companies
shall submit reports identifying regulated and nonregulated amounts in
the manner and at the times prescribed by this Commission. Nonregulated
revenue items not qualifying for incidental treatment, as provided in
§ 32.4999(l), shall be recorded in Account 5280, Nonregulated
operating revenue.
(d) Other income items which are incidental to the provision of
regulated products and services shall be accounted for as regulated
activities.
(e) All costs and revenues related to the offering of regulated
products and services which result from arrangements for joint
participation or apportionment between two or more telephone companies
(e.g., joint operating agreements, settlement agreements, cost-pooling
agreements) shall be recorded within the detailed accounts. Under joint
operating agreements, the creditor will initially charge the entire
expenses to the appropriate primary accounts. The proportion of such
expenses borne by the debtor shall be credited by the creditor and
charged by the debtor to the account initially charged. Any allowances
for return on property used will be accounted for as provided in
Account 5200, Miscellaneous revenue.
(f) All items of nonregulated revenue, investment and expense that are
not properly includible in the detailed, regulated accounts prescribed
in subparts A through F of this part, as determined by paragraphs (a)
through (e) of this section shall be accounted for and included in
reports to this Commission as specified in § 32.23 of this subpart.
[ 51 FR 43499 , Dec. 2, 1986, as amended at 52 FR 6560 , Mar. 4, 1987; 53 FR 49321 , Dec. 7, 1988; 67 FR 5679 , Feb. 6, 2002]
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Goto Section: 32.13 | 32.15
Goto Year: 2012 |
2014
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