N.Y. Comp. Codes R. & Regs. tit. 16, § 683.0 – Order authorizing uniform system of accounts for radio-telephone utilities.

(a) This uniform system of accounts is hereby prescribed for every radio-telephone utility operating a radio-telephone facility (as those terms are defined in Part 645 of this Title) and every such radio-telephone utility is hereby required to keep its records and accounts in conformity therewith.
(b) During the 12 months following the date on which this system of accounts becomes effective, any such radio-telephone utility may, for purposes of comparison, keep on its books, in addition to the accounts hereby prescribed, such portion or portions of its present accounts as may be deemed desirable by any such corporation.
(c) Each radio-telephone utility for which this uniform system of accounts is prescribed shall classify, set forth, and carry all assets, liabilities, capital stock, retained earnings and other capital existing as of the effective date of this uniform system of accounts, as prescribed in such system of accounts.
(d) As of the date a utility becomes subject to this system of accounts, it shall prepare opening entries in accordance with the following provisions:
1. (1) The accounts prescribed herein shall be opened by transferring thereto the balances carried in the accounts previously maintained. The company is authorized to make such subdivisions, reclassfications, or consolidations of such balances as are necessary to meet the requirement of this system of accounts.
2. (2) The company shall prepare and keep as supporting records summary statements showing:
  1. (i) the closing balances in each account carried on the books prior to the adoption of this system of accounts;
  2. (ii) the journal entries to effect the transfer of those balances to the accounts prescribed herein, arranging such entries so as to show for each account or subdivision thereof from what account and to what account each amount was transferred;
  3. (iii) the resultant opening balance of each account under this system of accounts.
3. (3) The first annual report filed with this commission by a utility covering its operations subsequent to the adoption of this system of accounts shall include copies of the statements referred to in paragraph (2) of this subdivision.
(e) In prescribing this system of accounts, the commission does not commit itself to the approval or acceptance of any item set out in any account for the purpose of fixing rates or in determining other matters before the commission. The prescribed system of accounts is designed to set out the facts in connection with the capitalization, construction, income, expenditures, etc., and therefrom the commission will determine, in connection with such matters as may be under advisement from time to time, just what consideration shall be given to the various items in the several accounts.