This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Regulatory Assets/Liabilities

Power & Utilities IFRS Series

Webcast Recording  
Recording ID: JKDBN4
Recording key: TD!7QpD   
(ID and key are case sensitive)

International Financial Reporting Standards (IFRS) generally contains limited industry–specific accounting guidance. This can be a particular issue for rate-regulated enterprises, since there is no direct equivalent to Statements of Financial Accounting Standards (SFAS) 71, Accounting for the Effects of Certain Types of Regulation. So what exactly does this mean for companies that have significant regulatory asset or liability amounts? We will review the current and possible future efforts to include recognition of the economic impacts of regulation in the application of IFRS.

Hear a discussion about the technical accounting considerations around the recording of certain regulatory items under the IFRS accounting framework, including understanding of the IFRS concept definitions of an asset and a liability, and the implications for an IFRS transition process. We will address issues around identification of amounts that may be recorded on the balance sheet and how those items should be tracked, as well as transition issues related to potential derecognition of non-qualifying amounts. 

Presenters

Jan Umbaugh, partner, Deloitte & Touche LLP
Bill Graf, partner, Deloitte & Touche LLP

Moderator

Greg Seelagy, partner, Deloitte & Touche LLP

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see  www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Last updated

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected