Regulatory deferral account - Revision history

imported>Doug Williamson: Classify page.

2019-12-24T16:46:30Z

Classify page.

← Older revision		Revision as of 16:46, 24 December 2019
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	==See also==		==See also==
			* [[Financial reporting]]
			* [[IFRS 14]]
	* [[Rate regulation]]		* [[Rate regulation]]
	* [[~~IFRS 14~~]]
			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]

imported>Doug Williamson: Add express reference to recognition of the items.

2015-01-18T08:41:54Z

Add express reference to recognition of the items.

← Older revision		Revision as of 08:41, 18 January 2015
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	~~The balance of any expense (or income) account that would not be recognised as an asset or a liability in accordance with~~ Financial ~~Standards, but qualifies for deferral because it is included, or is expected to be included, by a rate regulator in establishing the rate(s) that can be charged to customers~~		''Financial reporting.''

	Rate regulations allow the supplier to recover specified costs and other amounts through the prices charged to customers. To protect the interests of customers, rate regulation may defer the recovery of these amounts in order to reduce price volatility.		A regulatory deferral account is an amount recognised by a price-regulated entity, for example an electricity supplier.

			Rate regulations allow the supplier to recover specified costs and other amounts through the prices charged to retail customers, subject to the approval of a rate regulator. To protect the interests of customers, rate regulation may defer the recovery of these amounts, in order to reduce retail price volatility.


			The regulatory deferral amount is the balance of any expense (or income) account that would not otherwise be recognised as an asset or a liability in accordance with general Financial Standards, but qualifies for recognition because it is included, or is expected to be included, by a rate regulator in establishing the rate(s) that can be charged to customers in the future.

	The supplier usually keeps track of these deferred amounts in separate regulatory deferral accounts until they are recovered through future sales of the regulated goods or services.		The supplier usually keeps track of these deferred amounts in separate regulatory deferral accounts until they are recovered through future sales of the regulated goods or services.

imported>Doug Williamson: NEW ENTRY - Created in response to IFRS 14 to define terminology. Source:http://www.ifrs.org/Current-Projects/IASB-Projects/rate-regulated-activities-interim-IFRS/Documents/Feedback-Statement-IFRS-14-January-2014.pdf and http://www.iasplus.com/en/st

2015-01-17T14:18:29Z

NEW ENTRY - Created in response to IFRS 14 to define terminology. Source:http://www.ifrs.org/Current-Projects/IASB-Projects/rate-regulated-activities-interim-IFRS/Documents/Feedback-Statement-IFRS-14-January-2014.pdf and http://www.iasplus.com/en/st

New page

The balance of any expense (or income) account that would not be recognised as an asset or a liability in accordance with Financial Standards, but qualifies for deferral because it is included, or is expected to be included, by a rate regulator in establishing the rate(s) that can be charged to customers

Rate regulations allow the supplier to recover specified costs and other amounts through the prices charged to customers. To protect the interests of customers, rate regulation may defer the recovery of these amounts in order to reduce price volatility.

The supplier usually keeps track of these deferred amounts in separate regulatory deferral accounts until they are recovered through future sales of the regulated goods or services.

==See also==
* [[Rate regulation]]
* [[IFRS 14]]