federal_register: 94-21638
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 94-21638 | Accounting Requirements for REA Electric Borrowers | Proposed Rule | The Rural Electrification Administration (REA) proposes to amend its regulations on accounting policies and procedures for REA electric borrowers as set forth in REA's regulation concerning Accounting Requirements for REA Electric Borrowers, Uniform System of Accounts. This proposed rule would eliminate the requirement that REA borrowers place the difference between the amount accrued for postretirement benefits during the year and the amount paid on a ``pay- as-you-go'' basis in an external, irrevocable trust to be used solely for postretirement benefits. REA borrowers may, however, elect to voluntarily fund their postretirement benefit obligations. This proposed rule would set forth new accounting interpretations that address the requirements of recently issued pronouncements of the Financial Accounting Standards Board concerning the accounting for postemployment benefits and the accounting for certain investments in debt and equity securities. In addition, this proposed rule would also set forth a new accounting for storm damage costs and the associated funds received from the Federal Emergency Management Administration (FEMA). It would also clarify the accounting prescribed for computer software costs by specifying the accounts to which generalized software costs should be amortized and to which the costs of maintaining, updating, and converting files should be expensed. In addition, this proposal would identify the organizational unit within REA to which borrower requests for departures from or interpretations of the REA Uniform System of Accounts (USoA) should be submitted. | 1994-09-02 | 1994 | 9 | https://www.federalregister.gov/documents/1994/09/02/94-21638/accounting-requirements-for-rea-electric-borrowers | Agriculture Department | 12 | The Rural Electrification Administration (REA) proposes to amend its regulations on accounting policies and procedures for REA electric borrowers as set forth in REA's regulation concerning Accounting Requirements for REA Electric Borrowers, Uniform... |