• Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 29/04/2013

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Accounting for rate-regulated activities (2013/07) 

This issue discusses the exposure draft on the interim standard for rate-regulated activities which proposes separating the presentation of regulatory deferral balances to help users of financial statements to identify the impact of regulatory deferral balances.
In the Headlines cover
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First-time adopters of IFRS that are subject to rate regulation could opt to continue to recognise regulatory balances in their statement of financial position until the IASB finalises their comprehensive project on rate regulation.