NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances |
Картинок нет |
Автор: Multimedia. Чтобы познакомиться с картинкой полного размера, нажмите на её эскиз. Чтобы можно было использовать все картинки для урока английского языка, скачайте бесплатно презентацию «NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances.ppt» со всеми картинками в zip-архиве размером 86 КБ.
NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances
содержание презентации «NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances.ppt»| Сл | Текст | Сл | Текст |
| 1 | NARUC Staff Subcommittee Accounting | 7 | weighted-average method. Both allowable, |
| and Finance Accounting for Emission | but must be applied consistently and | ||
| Allowances Bob Ford Ernst & Young LLP | adequately disclosed. Also, may have two | ||
| October 8, 2007. | categories: Held for use Trading. 6. | ||
| 2 | Background – History of the Emission | 8 | Inventory Model. Full recognition on |
| Allowance. Acid Rain Program under Title | sale to third party (unless SFAS 71 would | ||
| IV of the 1990 Clean Air Act Amendments | require gain be deferred as a regulatory | ||
| Established to achieve significant | liability). Carryover basis on vintage | ||
| reductions in the emissions of sulfur | year swaps. Balance sheet classification | ||
| dioxide (SO2) and nitrogen oxide (NOx) | based upon the year of expected use. Cash | ||
| Basically, every major fossil fuel-burning | flow statement inflows and outflows | ||
| energy production facility in the U.S. is | classified as operating. Lower of cost or | ||
| affected. 1. | market approach to impairment. 7. | ||
| 3 | Background (Continued). Based upon a | 9 | Intangible Asset Model. Full |
| “cap and trade” program design In the SO2 | recognition on sale to third party (unless | ||
| Allowance Program, affected utility units | SFAS 71 would require gain be deferred as | ||
| are allocated allowances, based upon their | a regulatory liability). Fair value basis | ||
| historic fuel consumption (1985-1987) and | for vintage year swaps, if readably | ||
| a specific allowance rate. Each allowance | determinable. Balance sheet classification | ||
| permits a unit to emit one ton of SO2 | as long-term. However, some have recorded | ||
| during or after a specific year. Tracking | based upon expected year of usage per | ||
| performed in a central Database called the | language in SFAS 142. Cash flow statement | ||
| Allowance Tracking System (ATS.). 2. | inflows and outflows classified as | ||
| 4 | Background (Continued). Units with a | investing. Impairment assessed under SFAS | |
| shortfall of allowances may buy them from | 144. Follow SFAS 142 disclosure | ||
| sources that have reduced emissions below | requirements for intangibles. 8. | ||
| their allocated level. Unused allowances | 10 | Expense Model – Inventory Method. For | |
| of a given “vintage” year may also be | inventory accounting method, cost recorded | ||
| “banked forward” to the next or future | as cost of production as allowances are | ||
| years. SO2 program is the most liquid of | utilized. Cost usually weighted-average of | ||
| the environmental markets and trades | all allowances purchased in open market | ||
| actively on a daily basis. 3. | and allocated allowances. Any LCM | ||
| 5 | History of Accounting for EA’s. | impairments recorded immediately through | |
| International Financial Reporting | income statement. With significant market | ||
| Interpretations Committee (“IFRIC”) took | fluctuations, this can be a bit dicey!!!! | ||
| up the fight initially and issued IFRIC 3, | 9. | ||
| Emission Rights, in December 2004. IFRIC 3 | 11 | Expense Model – Intangible Asset | |
| called for intangible asset treatment, | Method. Apply appropriate amortization | ||
| with income statement recording for any | method under SFAS 142, paragraph 12: A | ||
| difference between the amount granted by | recognized intangible asset shall be | ||
| government and the fair value amount of | amortized over its useful life to the | ||
| the allowance at date of delivery. IFRIC 3 | reporting entity unless that life is | ||
| was withdrawn in June 2005 after | determined to be indefinite. If an | ||
| considerable pressure from both business | intangible asset has a finite useful life, | ||
| and political community. 4. | but the precise length of that life is not | ||
| 6 | History of Accounting (Continued). In | known, that intangible asset shall be | |
| the U.S., the Emerging Issues Task Force | amortized over the best estimate of its | ||
| (“EITF”) made an attempt by issuing EITF | useful life. The method of amortization | ||
| Issue 03-14, Participants’ Accounting for | shall reflect the pattern in which the | ||
| Emissions Allowances under a “Cap and | economic benefits of the intangible asset | ||
| Trade” Program. EITF was never finalized | are consumed or otherwise used up. If that | ||
| and eventually was pulled from EITF | pattern cannot be reliably determined, a | ||
| agenda. Since this time, the FASB and the | straight-line amortization method shall be | ||
| SEC have informally discussed their views. | used. Such as the units of production | ||
| In February 2007, this project was added | basis or even specific identification. 10. | ||
| to the FASB Agenda in line with its push | 12 | Conclusion – Clear as Mud!!! Companies | |
| for Fair Value accounting. 5. | need to select a method and STICK TO IT! | ||
| 7 | What to do, What to do? Obviously, the | Disclose, disclose, disclose. Both | |
| lack of authoritative guidance is creating | accounting policy and effects on Q’s and | ||
| diversity in accounting practices. Current | K’s. More to come in this Fair Market | ||
| practice has companies treating as either | Value World we live in!!! 11. | ||
| inventory or intangible assets. FERC | 13 | Questions? | |
| requires recording under historical cost | ey.com/global/content.nsf/International/Ut | ||
| basis as inventory with income statement | lities_Overview. 12. | ||
| recognition as pollution occurs based upon | |||
| NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances.ppt | |||
NARUC Staff Subcommittee Accounting and Finance Accounting for Emission Allowances
«English for you» - You are welcome! Узнать насколько хорошо ты усвоил материал тебе помогут: Ты научишься правильно строить предложение. Твои школьные учебники. Что ты научишься делать и узнаешь. Артикль Множественное число Предлоги. Может ли компьютер заменить учителя? Викторины Задания Игры Игровые упражнения Ты можешь выбрать уровень сложности.
«Он-лайн обучение английскому» - Анализ объёма обучения и отбор обучающихся. Объём курса сотрудника. Language policy. Формирование языковой политики. Тестирование. Культурные поездки. Tailor-made courses. Срочность обучения. Results. Уточнение ИКАО. Выбор программы обучения. Объём обучения. Testing. Традиционное обучение. Территориальное расположение.
«Английский язык РУДН» - Вклад в становление России как региона «экономики знаний». - Основаны на изучении предметов на основе средств международного подхода. - Посвящены международным вопросам (международное право, международные отношения). Целевые группы обучения в магистратуре на английском языке в университетах РФ. Международные магистерские программы – практико- ориентированность.
«Курсы английского Success English» - Бронзовый сертификат. Серебряный сертификат. Деловой английский язык. Взаимодействие с носителями языка. Быстрое изучение английского языка. Особенности курса Success English. Золотой сертификат. Модуль первый. Взаимодействие с англоязычной культурой. Разговорный английский язык. Модуль третий. Описание курса.
«Английский язык для туристов» - Бегу записываться! Новая Зеландия. Голландия. ВЫЖИЛИ! Ирландия. Сша. Каждый уровень предполагает 72 часа занятий. Английский язык откроет для Вас весь мир! Мальта. Начнем в алфавитном порядке: Австралия. Англия. Первый уровень. Ямайки! С помощью преподавателя Штоколовой Е.Г. Научитесь выживать, чтобы полноценно жить и путешествовать по всему миру!!!
«Языковые лагеря» - Распорядок дня. E-Camp explore Europe. Workshops. Искра. Языковые лагеря. Москва. English lessons. Языковые лагеря в России и за рубежом. Тематические вечеринки. Елочки. Knowledge control.
