Financial Reporting by Cable Television Companies (Issued 11/81)
Summary
This Statement extracts the specialized accounting principles and practices from AICPA Statement of Position 79-2, Accounting by Cable Television Companies, and establishes standards of financial accounting and reporting for costs, expenses, and revenues applicable to the construction and operation of a cable television system. During a period while a cable television system is partially under construction and partially in service (the prematurity period), costs incurred that relate to both current and future operations shall be partially capitalized and partially expensed.