Electronic and Postal Communications (Accounting Separation)  G.N. No. 426 (contd)  Cap.212 Cap 172 Regulatory Authority Act; “accounting policies” means principles, bases, conventions, rules and practices applied by licensee which specify how the effects of transactions and other events are reflected in the financial statement; “accounting estimates” means methods adopted by licensee to arrive at estimated amounts for the financial statements; “accounting separation” means separating licensee accounts in a way that the costs, revenues and capital employed associated with each business unit, service and/or product can individually be identified and allocated; “business unit” means a sub-division or segment of the licensees business; “disaggregated activity” means a sub-service within a business unit which is treated as separate accounting segment; “financial year” means accounting period of the licensee in respect of which statutory accounts are required to be prepared and audited in accordance with the requirements of the Companies Act; “guidelines” means the guidelines issued by the Authority for a licensee to prepare separated accounts; “licensee” means an entity licensed by the Authority to provide any electronic communications and postal services; “market” has the meaning ascribed to it under the Tanzania Communications Regulatory Authority Act; “separated accounts” means disaggregated licensee’s accounts as may be required by the Authority for regulatory purposes; “transfer charge” means charge applied, or deemed to be applied by the licensee to itself for the provision of services by one of its business unit disaggregated activity to its other business unit or disaggregated activity. PART II ACCOUNTING SEPARATION Preparation of Separated Accounts 4.-(1) The licensee shall prepare separated accounts for the following business units137