Hubbell Policies

ACCOUNTING AND DISCLOSURE None REPORTING None DEFINITIONS Manual Journal Entry shall mean all entries that are not posted automatically by a system interfacing with the general ledger. Standard cross-company entry shall mean entries for recurring financial activities reflected in the accounting records in the normal course of business and occur on a routine basis . Non-standard cross-company entry shall mean activities that occur for the first time or only periodically. Accounting Departments shall mean any individual with the authority to post or approve a journal entry in the related business unit’s general ledger. Local Accounting Manager shall mean individual(s) responsible for the company’s general ledger accounting and maintenance. Intercompany clearing account shall mean general ledger account used for clearing intercompany transactions. For SAP companies it is GL account #580050. Intercompany allocation account shall mean general ledger account designed only for intercompany allocations. For SAP companies intercompany allocation accounts generally begin with the numbers "67". RELATED DOCUMENTS (Policies, Guidelines, Standards) • FIN-32 Journal Entry Policy

VERSION

Version

Approval

Effective 2014.08.01 2019.08.15

Changes

1 2

J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais

Original Issue

Conformed to new template

59