FCC USF and ICC Reform Order Impacts
The FCC’s USF/ICC Reform Order fundamentally changes the way that rural rate of return carriers will generate revenue from the services they provide. This seminar has been updated to incorporate the latest in cost recovery mechanisms, including settlements and USF, as well as the billing, marketing, network and service implications on typical companies. Accounting, finance and management employees would benefit from understanding the significance of these changes and how they apply to the Company’s accounting and reporting function and long-term financial health.
Who Should Attend?
Telecom 101 is an industry orientation course with an accounting and finance focus. Accountants, auditors, and clerks working for independent commercial or cooperative carriers and other industry finance professionals with less than 24 months of telecom work experience will benefit from this seminar. More experienced individuals looking for an industry refresher will also find value in attending this course
What You'll Learn
Industry Basics—A history of the telecommunications industry, including an overview of the telephone network, services provided by typical modern, diversified carriers, plus terminology, definitions used in day-to-day operations.
Part 32 Accounting System—The Federal Communications Commission’s (FCC) rules, how to follow them, how to address higher risk and problematic compliance areas noted in financial and regulatory audits.
Revenue Accounting Cycle—An overview of the accounting cycle for revenue billed to end users, NECA settlements and the cost study process, Universal Service Support and carrier access, using real forms and documentsthat cover regulated (POTS) and nonregulated revenue (internet, wireless, video, other).
Basics of Regulation—The different roles played by the FCC, Universal Service Administrative Company (USAC), the various state commissions, the National Exchange Carrier Association (NECA), plus an overview of the Universal Service mandate and other key provisions of the Telecommunications Act of 1996 and an update on pending intercarrier compensation and universal service reform including the National Broadband Plan.
Cooperatives and Commercial Companies—An overview of the structure and organizational attributes of different types of diversified telecom companies.
Best Practices—Strategies for streamlining the accounting process, maximizing settlements and universal service support revenue within the framework of FCC regulations and proven methods for addressing common challenges related to regulatory compliance.
Instructors
- Gregg Amend, Moss Adams LLP
- Camille Christiansen, Moss Adams LLP
Let us bring this course to your location.
Courses in the Telecom Accounting Series
- Telecom 101
- Intermediate Telecom Accounting
- Telephone Plant Accounting
- Wireless Accounting & Finance Workshop
- Corporate Tax Accounting for Regulated Telcos
Telecom Seminar Contacts