Accounting for regulated utilities,banks,and transportation firms is similar in that:

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Regulated utilities, banks, and transportation firms all utilize some form of uniform accounting system. For example, regulated utilities follow the guidelines set by the Federal Energy Regulatory Commission (FERC), banks follow generally accepted accounting principles (GAAP), and transportation firms adhere to the rules set by the Federal Motor Carrier Safety Administration (FMCSA) and Transportation Security Administration (TSA). These uniform accounting systems ensure consistency and transparency in financial reporting across the industry.

Accounting for Regulated Utilities,banks,and Transportation Firms Is Similar in That