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Enron Mail |
We are still working on the plane, and the answer is that the plane will be
billed to the RC reserving it for the flight. If commercial wants to take it to a lower level than that it will be up to them to do so. It will take some actual doing on our side to make this happen, but it can be done. The budget will be taken care of in Planning as we go through the year. From an ETS point of view all of the plane is in Commercial or Executive (Stan) and so it should not be a problem to track the budget. Tracy has the point on this one. Jim Saunders: What do you know about the other comments? Mike McGowan 12/12/2000 10:16 AM To: Rod Hayslett/FGT/Enron@ENRON cc: Dave Waymire/ET&S/Enron@ENRON, John Goodpasture/OTS/Enron@ENRON Subject: Accounting for plane usage in year 2001 Rod-- I never heard back from you on this airplane accounting issue for year 2001. Any thoughts on timing as to who we can work with to finalize by year end? Can we work with Dave Waymire here in Omaha?? Also, there was an article in this past Sunday's World Herald that FASB has reversed its position on merger accounting and will not require firms to amortize Goodwill over time and write it off against current income of a merged company. In addition, the new plan would eliminate the "pooling of interest" restrictions and allow merged companies to sell off unwanted assets prior to the two year waing period now required. I'm not sure if this revision would be applicable to mergers which occurred before this FASB revision or not. Do you have any insights on this??? Thank You. Mike McGowan ---------------------- Forwarded by Mike McGowan/ET&S/Enron on 12/12/2000 10:06 AM --------------------------- Mike McGowan 11/21/2000 11:40 AM To: Rod Hayslett/FGT/Enron@ENRON cc: Danny McCarty/ET&S/Enron@Enron, Courtney Barker/ET&S/Enron@Enron Subject: Accounting for plane usage in year 2001 Rod - we have discussed the accounting for plane uasage on year 2001 and have determined that the actual trip costs will be billed direct to the user's RC. However, the 2001 budget costs for the plane have been included in Dan McCarty's executive RC budget. Thus, we will have to develop a procedure to charge the RC for atctual costs, but credit the plane budget and maintain some control as to the overall status of the budget. Who would you like me to work with to develop/coordinate these procedures? Thanks!
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