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Pension Plans

Expanded Disclosures on Multi-Employer Defined Benefit Pension Plans

For those of you that are participating in a multiemployer defined benefit pension plan, prepare for an expansion of the required footnote disclosures to your financial statements. FASB has issued an Accounting Standards Update (2011-09) that provides for a more in-depth look into the overall Read More

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Impairment Testing of Intangible Assets Simplified by FASB

In an age where transactions are becoming more and more complex, it is a rarity that Accounting Standard Updates err on the side of simplification rather than complication. In FASB’s Accounting Standards Update (ASU) 2012-02, they chose to do just this by allowing companies to Read More

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Financial Reporting Requirements Clarified by the FCC

On November 16, 2012, the FCC issued a Reconsideration Order that pertains to the financial reporting requirements of privately-owned rate-of-return carriers. The main focus of the Order is to clarify the reporting requirements that stemmed from the USF/ICC Transformation Order and provide some relief to Read More

NECA

Can You Hear Me Now? Not Quite

Much industry focus continues to be drawn to rampant long distance call completion issues in the service areas of rural carriers throughout the country. While it cannot be said with complete assurance, most industry pundits believe that these issues stem from a market-driven “race to Read More