Telecommunications 101 is an industry-orientation course with an accounting and finance focus. Attendees will learn the following skills:
- Federal Communication Commission (FCC) rules, how to follow them, and how to address higher risk and problematic compliance areas noted in financial and regulatory audits
- Workings of the revenue accounting cycle
- Strategies for streamlining the accounting process
Who Should Attend
This course is designed for accountants, auditors, clerks, and other finance professionals working for independent commercial or cooperate carriers and who have fewer than two years of telecommunications work experience. More experienced professionals looking for an industry refresher will also find value in this course.
What You'll Learn
- Industry basics. A history of the telecommunications industry, including an overview of the telephone network, services by typical modern, diversified carriers, and definitions of terminology used in day-to-day operations.
- Part 32 accounting systems. The 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 and carriers, the cost study process and National Exchange Carrier Association (NECA) settlements, and Universal Service Support.
- Basics of regulation. The different roles played by the FCC, Universal Service Administrative Company, various state commissions, and NECA; an overview of Universal Service, key provisions of the Telecommunications Act, the National Broadband Plan, and an update on pending intermarried compensation and Universal Service reform.
- Best practices. Strategies for streamlining the accounting process, increasing settlements and universal services support revenue within the framework of FCC regulations, and adopting proven methods for addressing common challenges related to regulatory compliance.
Dates and Times: Monday-Wednesday, Septemer 16-18, 2019
- Day 1: 1:00 p.m.-4:00 p.m.
- Day 2: 8:30 a.m.-4:00 p.m.
- Day 3: 8:30 a.m.-4:00 p.m.