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BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIAFILEDApplication Of Southern California Edison Company (U 338E) For Authority To Increase Its Authorized Revenues For Electric Service
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Gather all relevant financial documents and records, including income statements, profit and loss statements, tax returns, and bank statements.
02
Identify all sources of revenue, such as sales income, service fees, rental income, investment earnings, grants, etc.
03
Calculate the total revenue for the designated period by adding up the income from all sources.
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Adjust the revenue figures for any deductions or exclusions, such as sales discounts or returns.
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Determine the appropriate revenue recognition method based on the accounting standards applicable to your organization.
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Allocate the revenue to the respective categories or accounts based on the nature of the income (e.g., operating revenue, non-operating revenue).
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Fill out the authorized revenue section of the financial statement or report with the calculated revenue amounts.
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- Government entities need authorized revenue data to manage public funds, allocate resources, and monitor revenue collection and expenditure.
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- Individuals may need to report their revenue for personal tax purposes or to comply with legal and regulatory requirements.

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