Summary of Statement No. 51
Summary of Statement No. 51
Financial Reporting by Cable Television Companies (Issued 11/81)
Summary
This Statement extracts the specialized accounting principles and
practices from AICPA Statement of Position 79-2, Accounting by
Cable Television Companies, and establishes standards of
financial accounting and reporting for costs, expenses, and
revenues applicable to the construction and operation of a cable
television system. During a period while a cable television system
is partially under construction and partially in service (the
prematurity period), costs incurred that relate to both current and
future operations shall be partially capitalized and partially
expensed.