MAM » Topics » Critical Accounting Policies

These excerpts taken from the MAM 10-K filed Mar 18, 2008.

Critical Accounting Policies

In preparing the financial statements in accordance with generally accepted accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Some of those judgments can be subjective and complex, and actual results could differ from those estimates. The Company’s most critical accounting policies for continuing operations include regulatory assets and liabilities, revenue recognition, income taxes and pension and post-retirement medical expenses. Certain accounting policies were also critical to the Company’s discontinued operations, including goodwill and intangible assets, but will not be critical to the Company’s on-going operations. The critical accounting policies are described in detail below.


Critical Accounting Policies

In preparing the financial statements in accordance with generally accepted
accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period.
Some of those judgments can be subjective and complex, and actual results could differ from those estimates. The Company’s most critical accounting policies for continuing operations include regulatory assets and liabilities, revenue
recognition, income taxes and pension and post-retirement medical expenses. Certain accounting policies were also critical to the Company’s discontinued operations, including goodwill and intangible assets, but will not be critical to the
Company’s on-going operations. The critical accounting policies are described in detail below.

This excerpt taken from the MAM 10-K filed Mar 16, 2007.

Critical Accounting Policies

In preparing the financial statements in accordance with generally accepted accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Some of those judgments can be subjective and complex, and actual results could differ from those estimates. The Company’s most critical accounting policies include regulatory assets and liabilities; revenue recognition; and goodwill and intangible assets, and are described in detail below.

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This excerpt taken from the MAM 10-K filed Sep 13, 2006.
Critical Accounting Policies

        In preparing the financial statements in accordance with generally accepted accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Some of those judgments can be subjective and complex, and actual results could

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differ from those estimates. The Company’s most critical accounting policies include regulatory assets and liabilities, revenue recognition, goodwill and intangible assets and software amortization, and which are described in detail below.

This excerpt taken from the MAM 10-Q filed May 11, 2006.

Critical Accounting Policies

The Company’s accounting policies have not changed since December 31, 2005. The critical accounting policies disclosed in the Company’s 2005 Annual Report on Form 10-K are incorporated herein by reference.

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This excerpt taken from the MAM 10-K filed Mar 24, 2006.

Critical Accounting Policies

        In preparing the financial statements in accordance with generally accepted accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Some of those judgments can be subjective and complex, and actual results could

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differ from those estimates. The Company's most critical accounting policies include regulatory assets and liabilities, revenue recognition, goodwill and intangible assets and software amortization, and which are described in detail below.

This excerpt taken from the MAM 10-K filed Mar 24, 2005.

Critical Accounting Policies

 

In preparing the financial statements in accordance with generally accepted accounting principles, Management must often make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Some of those judgments can be subjective and complex, and actual results could differ from those estimates. The Company’s most critical accounting policies include the determination of the appropriate accounting for its pensions and other post-retirement benefits, the recognition of its revenues, the effects of utility regulation on its financial statements and its risk management activities.

 

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