Federal Register: December 31, 2003 (Volume 68, Number 250)
DOCID: FR Doc 03-32149
FEDERAL COMMUNICATIONS COMMISSION
Federal Election Commission
CFR Citation: 47 CFR Part 32
Docket ID: [WC Docket No. 02-269; CC Docket No. 00-199; CC Docket No. 80-286; CC Docket No. 99-301; FCC 03-325]
NOTICE: RULES
ACTION: Common carrier services:
DOCUMENT ACTION: Final rule; delay of effective date.
SUBJECT CATEGORY:
Federal-State Joint Conference on Accounting Issues
DATES: The effective date for amendments to 47 CFR 32.5200, 32.6562 and 32.6620 published at 67 FR 5670, February 6, 2002, and delayed at 68 FR 38641, June 30, 2003, is further delayed through June 30, 2004.
DOCUMENT SUMMARY:
This document further delays the implementation of four previously adopted accounting and reporting rule changes from January 1, 2004 through June 30, 2004. The Commission extends the delay of implementation in order to allow time for receipt and consideration of comments in response to recommendations by the FederalState Joint Conference on Accounting Issues (Joint Conference).
SUMMARY:
Federal-State Joint Conference on Accounting Issues; recommendations,
SUPPLEMENTAL INFORMATION
This is a summary of the Commission's Order adopted on December 17, 2003, and released on December 23, 2003. The full text of the document is available for public inspection and copying during regular business hours at the FCC Reference Information Center, Portals II, 445 12th Street, SW., Room CYA257, Washington, DC 20554. This document may also be purchased from the Commission's duplicating contractor, Qualex International, Portals II, 445 12th Street, SW., Room CYB402, Washington, DC 20554, telephone (202) 863 2893, facsimile (202) 8632898, email qualexint@aol.com. Synopsis of Order
On November 12, 2002, the Commission released an order, 67 FR 77432, December 18, 2002, delaying until July 1, 2003 the
implementation of four accounting and reporting requirement rule
modifications previously adopted by the Commission as part of its
biennial review of accounting requirements and Automated Reporting
Management System (ARMIS) reporting requirements, Report and Order, 67
FR 5670, February 6, 2002. On June 24, 2003, the Commission released
another order, 68 FR 38641, June 30, 2003, further delaying
implementation until January 1, 2004. The Commission deferred the
implementation of these four accounting and reporting requirement rule
modifications in order to allow the FederalState Joint Conference on
Accounting Issues time to consider these and other accounting issues in
formulating their recommendations to the Commission. These accounting
and reporting rule changes are as follows: (1) Consolidation of
Accounts 6621 through 6623 into Account 6620, with subaccounts for
wholesale and retail; (2) consolidation of Account 5230, Directory
revenue, into Account 5200, Miscellaneous revenue; (3) consolidation of
the depreciation and amortization expense accounts (Accounts 6561
through 6565) into Account 6562, Depreciation and amortization
expenses; and (4) revised ``Loop Sheath Kilometers'' data collection in Table II of ARMIS Report 4307.
On October 9, 2003, the Joint Conference submitted the result of a
yearlong study of the Commission's accounting rules and ongoing
proceedings related to the Commission's accounting requirements. The
Joint Conference makes several recommendations that directly relate to
the four accounting rule modifications that are scheduled to go into
effect on January 1, 2004. Here, the Commission extends through June
30, 2004 the Commission's current delay of the effective date of four
accounting rule modifications, to allow time for receipt and
consideration of comments in response to the Joint Conference's recommendations.
Federal Communications Commission
William F. Caton,
Deputy Secretary.
[FR Doc. 0332149 Filed 123003; 8:45 am]
BILLING CODE 671207P
FOR FURTHER INFORMATION CONTACT
Jane E. Jackson, Associate Chief, Wireline Competition Bureau, (202) 4181500.