DOT 49 CFR PART 1200-2010 GENERAL ACCOUNTING REGULATIONS UNDER THE INTERSTATE COMMERCE ACT.pdf

1、7 SUBCHAPTER CACCOUNTS, RECORDS AND REPORTS PARTS 12001219UNIFORM SYSTEMS OF ACCOUNTS PART 1200GENERAL ACCOUNT-ING REGULATIONS UNDER THE INTERSTATE COMMERCE ACT Sec. 1200.1 Financial statements released by car-riers. 1200.2 Adoption of generally accepted ac-counting principles issued by the Finan-ci

2、al Accounting Standards Board (FASB). AUTHORITY: 49 U.S.C. 721, 11142, 11143, 11144, 11145. 1200.1 Financial statements released by carriers. Carriers desiring to do so may pre-pare and publish financial statements in reports to stockholders and others, except in reports to this Board, based on gene

3、rally accepted accounting prin-ciples for which there is authoritative support, provided that any variance from this Boards prescribed account-ing rules contained in such statements is clearly disclosed in footnotes to the statements. 32 FR 20123, Dec. 20, 1967 1200.2 Adoption of generally accept-ed

4、 accounting principles issued by the Financial Accounting Standards Board (FASB). (a) Accounting Series Circulars. Fol-lowing the release of a Statement of Financial Accounting Standards by the FASB, and provided that the Office of Economics, Environmental Analysis, and Administration of the Board c

5、on-siders such standards appropriate for the Boards accounting regulations, the Office of Economics, Environmental Analysis, and Administration shall issue an Accounting Series Circular (ASC) requiring carriers under the Boards jurisdiction to follow the new standards in their accounts and reports f

6、iled with the Board. The Office shall also specify in the ASC the proper ac-counting procedures that the carriers shall follow. (b) Carriers and Interested Parties Comments on the ASC. The ASC issued by the Office of Economics, Environ-mental Analysis, and Administration will remain effective until

7、revoked by the Office of Economics, Environ-mental Analysis, and Administration. After an ASC is issued, the Office of Economics, Environmental Analysis, and Administration shall allow carriers and interested parties 45 days following the service date of the ASC during which the respondents may subm

8、it to the Office their comments and reasons either supporting or opposing the ASC. (c) Formal Adoption of the New Ac-counting Standards. After considering the comments submitted in response to the ASC, and based on the proposal of the Office of Economics, Environ-mental Analysis, and Administration,

9、 the Board will decide whether or not to adopt the new accounting standards specified in the ASC by revising the Uniform Systems of Accounts, (49 CFR 1201 through 1210). (d) Accounting Standards Not Appro-priate for Boards Use. The Office of Ec-onomics, Environmental Analysis, and Administration may

10、 determine that a new FASB Statement of Financial Ac-counting Standards is not appropriate for use by carriers under the Boards jurisdiction. In such instances, the Of-fice shall issue an ASC to advise the carriers that the new standards shall not be used in their reports filed with the Board. The c

11、arriers and interested parties shall be allowed 45 days fol-lowing the ASCs service date to sub-mit comments to the Board. The Board will then determine whether or not to revise the Uniform Systems of Ac-counts to conform to the new account-ing standards. 43 FR 26314, June 19, 1978, as amended at 67

12、 FR 57533, Sept. 11, 2002 VerDate Mar2010 08:56 Nov 10, 2010 Jkt 220220 PO 00000 Frm 00017 Fmt 8010 Sfmt 8010 Y:SGML220220.XXX 220220erowe on DSK5CLS3C1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-8 49 CFR Ch. X (10110 Edition) Pt. 12

13、01 PART 1201RAILROAD COMPANIES Subpart AUniform System of Accounts LIST OF INSTRUCTIONS AND ACCOUNTS REGULATIONS PRESCRIBED (i) Regulations prescribed. (ii) Definitions. GENERAL INSTRUCTIONS Sec. 11 Classification of carriers. 12 Classification of accounts. 13 Records. 14 Accounting period. 15 Accru

14、al method of accounting. 16 Charges to be just and reasonable. 17 Changes in accounting estimates. 18 Accounting for computer systems and word processing costs. 19 Transactions with affiliated companies. 110 Accounting for income taxes. 111 Items in texts of accounts. 112 Distribution of pay and exp

15、enses of em-ployees. 113 Payroll related expenses. 114 Submission of questions. 115 Transfers from government authori-ties. 116 Business entertainment expenses. 117 Disclosure guideline. 118 Distribution of expenses for material, tools, fuel, lubricants, purchased services and general. INSTRUCTIONS

16、FOR PROPERTY ACCOUNTS 21 Items to be charged. 22 Minimum rule applicable to additions to property. 23 Land. 24 Structures. 25 Equipment. 26 Components of construction cost. 27 Additions to and retirements of prop-ertyGeneral. 28 Additions to and retirements of units of property. 29 Additions and ret

17、irements of other than units of property. 210 Additions to and retirements of track. 211 Expenses in connection with additions and betterments. 212 Units of property rebuilt or converted. 213 Changes in line of road and relocation of yard tracks. 214 Track connections. 215 Merger, consolidation, and

18、 purchase of a railway operating entity or system. 216 Reorganization of railway. 217 Construction projects in which govern-mental agencies, individuals, or others, and the carrier participate. 218 Leased property improvements and re-tirements. 219 List of units of property. 220 Accounting for lease

19、s. 221 Freight train car repair costing. 222 Map specifications. 223 Accounting for engineering costs. 224 Accounting for other general expendi-tures. INSTRUCTIONS FOR MAINTENANCE EXPENSES 31 Items to be charged. INSTRUCTIONS FOR DEPRECIATION ACCOUNTS 41 Method. 42 Rates of depreciation. 43 Deprecia

20、tion records to be kept. 44 Leased propertydepreciation. 45 Jointly used propertydepreciation. INSTRUCTIONS FOR INCOME AND BALANCE SHEET ACCOUNTS 51 Current assets. 52 Recorded value of securities owned. 53 Discounts, expenses, and premiums on debt. 54 Discount, premium, and assessment on capital st

21、ock. 55 Joint liabilities. 56 Contingencies. 57 Long-term obligations. INSTRUCTIONS FOR CLEARING ACCOUNTS 61 Items to be charged. 62 Material and stationery store expenses. 63 Shop expenses. 64 Gravel and sand pits and quarries. 65 Power plant operations. PROPERTY ACCOUNTS Road 0 Road. 2 Land for tr

22、ansportation purposes. 3 Grading. 4 Other right-of-way expenditures. 5 Tunnels and subways. 6 Bridges, trestles, and culverts. 7 Elevated structures. 8 Ties. 9 Rails and other track material. 11 Ballast. 13 Fences, snowsheds, and signs. 16 Station and office buildings. 17 Roadway buildings. 18 Water

23、 stations. 19 Fuel stations. 20 Shops and enginehouses. 22 Storage warehouses. 23 Wharves and docks. 24 Coal and ore wharves. 25 TOFC/COFC terminals. 26 Communication systems. 27 Signals and interlockers. 29 Power plants. 31 Power-transmission systems. 35 Miscellaneous structures. 37 Roadway machines. VerDate Mar2010 08:56 Nov 10, 2010 Jkt 220220 PO 00000 Frm 00018 Fmt 8010 Sfmt 8010 Y:SGML220220.XXX 220220erowe on DSK5CLS3C1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-