Effective immediately, Handbook F-23, Accounting Policy Reference, is revised to reflect current Postal Service™ policy on security, acquisitions, and revenue.
Handbook F-23, Accounting Policy Reference
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2 General Policies
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2-7 Financial System Access
2-7.1 Security
[Revise 2-7.1 to read as follows:]
Financial system access must work within Information Technology’s (IT’s) framework for security. IT grants access only with a properly authorized request. The intent of these policies is that only individuals who have the knowledge, training, and appropriate authority required to carry out their duties and responsibilities have access to financial systems.
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3 Assets
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3-7 Property and Equipment
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3-7.2 Specific Policies
3-7.2.1 Buildings
3-7.2.1.1 Acquisitions
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[Revise the second paragraph of 3-7.2.1.1 to read as follows:]
The Postal Service capitalizes the costs of all acquisitions of buildings, regardless of cost. The Postal Service records building costs in a buildings account after the earliest of the following occurs:
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6 Revenue
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[Revise the third paragraph of 6 to read as follows:]
The Postal Service records revenue from sources other than postage when earned or when the related service is rendered. This revenue includes revenue from such sources as postal money orders, passports, and retail merchandise. The Postal Service records revenue from consignment stamp sales as the funds produced when those sales are collected.
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We will incorporate these revisions into the next printed version of Handbook F-23 and into the next online update, available on the Postal Service™ PolicyNet website:
n Go to http://blue.usps.gov.
n In the left-hand column under “Essential Links”, click PolicyNet.
n Click HBKs.
(The direct URL for the Postal Service PolicyNet website is http://blue.usps.gov/cpim.)
— Field and International Accounting,
Controller, 7-29-10
