Hubbell Policies

Table of Contents

Policy Approval Committee..................................................................................................................... 8

PAC-01 Policy on Policies........................................................................................................................................... 9

FINANCE .............................................................................................................................................. 13

FIN-01 Accrued Outbound Freight Policy .................................................................................................................14

FIN-02 Allowance for Doubtful Accounts Policy .......................................................................................................16

FIN-03 Asset Impairments Policy ..............................................................................................................................18

FIN-04 Authority for Expenditure Policy...................................................................................................................21

FIN-05 Balance Sheet Account Reconciliations Policy ..............................................................................................24

FIN-06 Bank and Investment Account Management Policy .....................................................................................28

FIN-07 Capitalization of Property, Plant and Equipment Policy ...............................................................................30

FIN-08 Capitalized Software Costs Policy .................................................................................................................33

FIN-09 Cash Discount Reserves Policy ......................................................................................................................37

FIN-10 Consigned Inventory-Consignor Policy .........................................................................................................39

FIN-11 Construction in Process Policy ......................................................................................................................42

FIN-12 Contingencies and Reserves Policy ...............................................................................................................44

FIN-13 Professional Services – Price Waterhouse Coopers (PWC) Policy ...............................................................46

FIN-14 Credit and Collection Policy ...........................................................................................................................49

FIN-15 Credit Memo and Sales Allowance Reserves Policy.......................................................................................52

FIN-16 Critical Spreadsheets Policy ...........................................................................................................................54

FIN-17 Domestic Cross-Company Transactions Policy ..............................................................................................57

FIN-18 Cycle Count Reserves Policy...........................................................................................................................60

FIN-19 Cycle Count and Perpetual Inventory Accuracy Policy ..................................................................................62

FIN-20 Depreciation of Property, Plant and Equipment Policy .................................................................................73

FIN-21 Derivatives and Hedging Policy ......................................................................................................................76

FIN-22 Employee Loans Policy ...................................................................................................................................82

FIN-23 Excess and Obsolete Inventory Policy............................................................................................................84

FIN-24 Financial Statement Translation Policy .........................................................................................................89

FIN-25 Foreign Currency Exchange Policy .................................................................................................................91

FIN-26 Goodwill and Intangible Assets Policy ...........................................................................................................93

FIN-27 OneStream System Modifications Policy .......................................................................................................95

FIN-28 HFM User Access Policy .................................................................................................................................97

Any non-sequential policy numbers are because a prior Hubbell policy was either retired or transferred .

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