[Federal Register Volume 59, Number 58 (Friday, March 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6769]
[[Page Unknown]]
[Federal Register: March 25, 1994]
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FEDERAL COMMUNICATIONS COMMISSION
[RAO Letter 23; DA 94-217]
Responsible Accounting Officers: ARMIS USOA Report (FCC Report
43-02)--Corrections and Clarification of Certain Tables, Instructions
and Specifications
The purpose of this letter is to advise the carriers that file
ARMIS USOA Report (FCC Report 43-02) that we are making minor
corrections to the report for the 1993 reporting year. These changes
are to the Reporting Procedures Section, Report Definition--Forms and
Instructions Section, and the Automated Report Specifications Section.
Additionally, on January 31, 1994, the Commission adopted a Report
and Order in CC Docket No. 89-360 incorporating the accounting for
income taxes set forth in the Financial Accounting Standards Board's
Statement of Financial Accounting Standards No. 109, Accounting for
Income Taxes (SFAS-109). The Report and Order adds three new accounts
to Part 32 of the Rules so that carriers can adopt SFAS-109 for federal
accounting purposes in a revenue neutral manner. These new accounts
will be added to the ARMIS Report in 1994. The Report and Order does,
however, give the carriers the option of adopting the SFAS-109
accounting changes in 1993. Since some carriers may decide to adopt
SFAS-109 in 1993, we believe that the following guidance is needed on
how to report this action in their 1993 ARMIS reports.
For the 1993 ARMIS reporting purposes, amounts recorded in the new
Account 1437, Deferred Tax Regulatory Asset, should be added to the
balance in Account 1439, Deferred Charges, and reported on the
appropriate row for Account 1439, and amounts recorded in new Accounts
4341, Net Deferred Tax Liability Adjustments, and 4361, Deferred Tax
Regulatory Liability, should be added to the balance in Account 4370,
Other Jurisdictional Liabilities and Deferred Credits-Net, and reported
on the appropriate row for Account 4370. In addition, the balances of
Accounts 1437, 4341 and 4361 should be disclosed in a footnote to the
appropriate ARMIS reports, e.g., ARMIS Reports 43-01, 43-02 and 43-03.
The corrections to the Reporting Procedures and Report Definition
Sections along with the descriptions thereof are contained in
Attachment A, and the corrections to the Automated Report
Specifications Section are contained in Attachment B.
This letter and attachments are issued under Section 0.291 of the
Commission's Rules. Applications for review under Section 1.115 of the
Commission's Rules must be filed within 30 days from the date of public
notice of this letter.
If you have any questions, contact Kenneth M. Ackerman or Virginia
Brockington at (202) 634-1861.
Kenneth P. Moran,
Chief, Accounting and Audits Division, Common Carrier Bureau.
[FR Doc. 94-6769 Filed 3-24-94; 8:45 am]
BILLING CODE 6712-01-M
