PROBLEMS IN IMPLEMENTING REGULATORY ACCOUNTING AND COSTING SYSTEMS FOR RAILROADS

The Interstate Commerce Commission recently revised its regulatory accounting system and is in the midst of establishing a new costing system to develop information needed to judge rates for railroad services. GAO believes the Commission must do more to make sure that railroads implement the new accounting system correctly and that the new data is used effectively. GAO makes several recommendations to smooth the conversion process. The Commission is considering making additional changes to its regulatory accounting and costing systems. However, if major new accounting and costing requirements are introduced too soon, the railroad industry could be burdened with complex and difficult reporting requirements which do not necessarily serve Federal regulatory needs.

• Record URL:
  http://www.gao.gov/docdblite/summary.php?recflag=&rptno=FGMSD-80-61
• Corporate Authors:

  U.S. General Accounting Office

  441 G Street, NW
  Washington, DC  United States  20548
• Publication Date: 1980-7-17

Media Info

• Features: Appendices;
• Pagination: 39 p.

Subject/Index Terms

• TRT Terms: Accounting; Cost accounting; Deregulation; Federal government; Rate making; Regulations
• Identifier Terms: Railroad Revitalization and Regulatory Reform Act of 1976; U.S. Interstate Commerce Commission
• Old TRIS Terms: Government regulations
• Subject Areas: Economics; Finance; Law; Railroads;

Filing Info

• Accession Number: 00322175
• Record Type: Publication
• Report/Paper Numbers: FGMSD-80-61
• Files: TRIS
• Created Date: Feb 18 1981 12:00AM