PRC to Host Briefings on Accounting, Carrier Cost Study

Share this content:
The Postal Rate Commission will host two briefings by the U.S. Postal Service examining accounting and reporting changes at the USPS and a new carrier cost study, the PRC said yesterday.


The first hearing, set for Nov. 20, will discuss the USPS' new general ledger accounting system implemented Oct. 1. Its introduction coincided with adoption of a postal fiscal year identical to the U.S. government's fiscal year. Accounting period reports will now be replaced with calendar month financial reporting.


The data from the general ledger system is the primary input into many of the USPS' annual reports, such as the Cost and Revenue Analysis report and the annual financial statements found in the postmaster general's annual report. This system also is one of the primary sources for the development of the revenue requirement during rate filings.


The second briefing will be Dec. 3 and will detail how the agency developed cost treatments for city carriers that were filed with the PRC in May. The new methodology replaces the cost treatment that has been used since the 1980s.


The briefings are open to the public and will be in the PRC's hearing room in Washington.


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here