S.D. Admin. R. 20:10:27:04 - Uniform system of accounts used for classification - Petition to use generally accepted accounting principles
Each carrier's carrier shall classify its accounts of telecommunications property, revenues, and expenses as set forth in chapters 20:10:27 to 20:10:29, inclusive, by the method prescribed by the federal communications commission's uniform system of accounts for telecommunications companies in 47 C.F.R. Part 32 (October 1, 1991), except as provided in ยงยง 20:10:27:11 to 20:10:27:13, inclusive.
A carrier's carrier may petition the commission to use generally accepted accounting principles instead of the uniform system of accounts. The commission shall grant the petition if the carrier's carrier demonstrates that its use of the uniform system of accounts is unduly burdensome and that it is able to map its accounts to substantially reproduce the process and end result produced by the uniform system of accounts.
Notes
General Authority: SDCL 49-1-11, 49-31-5, 49-31-18.
Law Implemented: SDCL 49-31-18.
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