Functional Accounting definition

Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service, such as source of supply, pumping, sewer treatment, transmission, distribution, etc.
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Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service; for example, intangible, gas production and gathering, products extraction, storage, transmission, distribution, and general.
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Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service; for example, production, transmission, distribution, etc.
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Related to Functional Accounting

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Additional Account means each New Account and each Aggregate Addition Account.

  • External Account is your account at another financial institution (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds to your Eligible Transaction Account.

  • Data Controller means an entity that determines the purposes and means of the processing of Personal Data.

  • Personal Account means any account owned by, or in the name of, an OppenheimerFunds Employee or Access Person in which Securities may be held or any such account in which an Employee (including an Access or Investment Person) has a Beneficial Interest.