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(o) 

 Related party  means parties who are considered to be related if at any 

time during the reporting period one party has the ability to control the 

other part or exercise significant influence over the other party in 

making financial and /or operating decisions; 

(p) 

 Related party transaction  means a transfer of resources or obligations 

between related parties whether or not a price is charged; 

(q)   Regulation  means The Reporting System on Accounting Separation 

Regulation, 2004; 

(r) 

 Replacement cost accounting  means assets are carried in the financial 

statement at the amount of cash or cash equivalents that would have to 

be paid if the same or an equivalent asset were acquired currently; 

(s) 

 Reports  mean Accounting Separation statement, both financial and 

non financial, prepared by service providers under the provision laid 

down in regulation 4; 

(t) 

 Rules  mean the Telecom Regulatory Authority of India, Service 

Provider (Maintenance of Books of Accounts and Other Documents) 

Rules, 2002; 

(u) 

 Service Provider  has the meaning assigned to it in clause (j) of 

Section 2 of the Act;

(v) 

 Supplementary depreciation  means depreciation for an asset under 

replacement cost accounting less its depreciation under historical cost 

accounting;

(w)   Toll Quality Service  or  Below Toll Quality Service  have the same 

meaning as laid down in the Regulation on Quality of Service for VOIP 

based International Long Distance Services, 2002;  

(x)   Wholesale  means product for which revenue is received from other 

service providers for terminating calls; and 

(y)  Words and expressions used in this Regulation and not defined but 

defined in the Act and/or the Rules and regulations made there under 

shall have the same meanings respectively assigned to them in the act 

and/or the rules and regulations made there under. 

3.  Manual    (1) In order to execute and implement the accounting and reporting 

practices prescribed in the Rules and/or the Regulation, service providers shall 

prepare a manual containing comprehensive and complete documentation of 

policies, principles, methodologies and procedures for accounting and cost 

allocation. 

(2) In particular, and without prejudice to the generality of the regulation 3(1), 

such manual may provide for following details, namely: