Regulatory Accounting

ASC 980, GASB 62, FERC | RUS Accounting Russ Hissom, CPA ASC 980, GASB 62, FERC | RUS Accounting Russ Hissom, CPA

Using ASC 980 and GASB 62 to Record Future Recoverable Costs - Cooking the books or reporting reality?

Using GASB 62 and ASC 980 - Recording Future Recoverable Costs is a useful tool in regulatory accounting and managing utility financial results is to recognize the difference between bond principal payments on debt-financed fixed assets and the depreciation expense on those assets.

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