Newsletter
ACCOUNTING STANDARDS FOR TYPE I TELECOMMUNICATION BUSINESS
To enable Type I telecommunications business to produce their financial reports in a timely, transparent and appropriate manner, and to es-tablish a transparent accounting system for telecom business with appropriate separation of accounting data, on 8 August 2000 the MOTC announced the Accounting Standards and Guidelines for Type I Telecommunication Business, which took effect immediately. The content includes: accounting principles, policies and headings to be applied by Type I telecom-munication business to their financial data, principles of separate accounting for Type I telecommunication business, principle of cost separation, principle of asset separation, princi-ple of capital cost separation, principle of income separation, and the administrative management of accounting operations.