Renewables brought to book

Coulon, David
December 2008
Utility Week;12/5/2008, Vol. 29 Issue 29, p2
Trade Publication
The article offers insights into how renewable energy resource investments are dealt with under the International Financial Reporting Standards (IFRS) accounting rules. One issue is whether a business combination or an asset acquisition has occurred. Under IFRS 3 Business Combinations, it is required that an entity distinguishes between the acquisition of a business and a group of assets. Further complexity will be added when a revised ruling is introduced in July 2009 stating that a business need no longer create outputs that generate revenues.


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