The objectives of the Revenue Accounting Panel are to establish, maintain and enhance standard procedures for the interline billing and settlement of amounts becoming due pursuant to interline agreements.
To publish a Revenue Accounting Manual (RAM) of those procedures and to provide a forum for the resolution of disputes arising from the interpretation and application of those procedures.
In addition the RACP seeks to maintain awareness of action by other industry groups which have revenue accounting implications. Every two years a Revenue Accounting Panel (RACP) is elected at the Revenue Accounting Meeting. The Panel reports through its Chairman to each September Meeting of the Financial Committee.