A matter of principles - Part II

Article Abstract:

In the past Canadian rate-regulated enterprises, such as telecommunications, natural gas companies, and hydroelectric companies has used special accounting, or differential accounting. The Accounting Standards Board and the Public Sector Accounting Board jointly sponsored a research project to look into accounting and reporting issues as related to rate-regulated enterprises. The views on differential accounting, the approached used for the project and the main conclusions are discussed.

United States, Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Research, Energy industries, Energy industry, Public utilities, Accounting Standards Board, Public Sector Accounting Board

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The derivative debate

Article Abstract:

Canada's accounting profession is faced with the challenge of devising clear guidance regarding the recognition, measurement and disclosure of derivatives in the wake of a series of financial failures in the early 1990s. The six criteria prosed are: value relevance in capital markets, ability to reflect the economic impact of transaction, similarity with taxation rules, possibility to choose between diverse accounting methods, requirement for estimation, and transparency in reporting.

Canada, Derivatives (Financial instruments)

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CoCo goes public

Article Abstract:

The Canadian Institute of Chartered Accountants' Criteria of Control (CoCo) is discussed. CoCo acts as a framework for control assessment, but is not an assessment technique. CoCo reviews are most productive when they include a self-assessment approach.

Municipal services

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