Accounting and Cost Allocation Manual or “ACAM” means an indexed compilation and documentation prepared by Licensees and approved by OfReg, that catalogues the accounting policies and principles employed in the preparation of the company’s Accounts Separation Statements.
Examples of Accounting and Cost Allocation Manual in a sentence
Licensees must prepare an Accounting and Cost Allocation Manual (ACAM) which provides full and proper documentation of the accounting policies and principles used to prepare the Accounts Separation Statements in accordance with these Rules.
These procedures have been undertaken to form an opinion as to whether, in all material respects, the Accounts Separation Statements are presented fairly in accordance with the requirements of the Rules and the approved Accounting and Cost Allocation Manual.
It also envisages that Licensees shall be required to prepare and maintain an Accounting and Cost Allocation Manual (ACAM), which establishes the rationale, assumptions and parameters used to allocate revenues and costs to each service.