Hubbell Policies
map to these OneStream accounts.
Any departure from the approved methodology described above (either by use of a different calculation or a modification to the Allowance for Doubtful Accounts Template) must be approved in advance by the Corporate Controller’s office.
ADMINISTRATION
Roles and Responsibilities. The business unit is responsible for updating the allowance for Doubtful Accounts using the Allowance for Doubtful Accounts Template as described above.
Monitoring, Evaluation and Review. The segment controller will ensure the allowance for Doubtful Accounts is reviewed prior to close on a quarterly basis.
Exceptions. Any deviation from this Policy must be approved by the Vice President, Controller or Assistant Corporate Controller.
ACCOUNTING AND DISCLOSURE
None.
REPORTING
None.
DEFINITIONS
Doubtful Account shall mean a customer (debtor) balance that is at risk of being uncollectable.
RELATED DOCUMENTS (Policies, Guidelines, Standards)
• Allowance for Doubtful Accounts Template.
VERSION
Version
Approval
Effective 2014.08.01 2019.08.15 2023.03.31
Changes
1 2 3
J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais J. Del Nero, A. Flynn, K. Lane
Original Issue.
Conformed to new template. Update of reserve methodology.
17
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