Rate-regulated Activities - IASB
At its meeting on February 23, 2017, the IASB discussed and tentatively made decisions on the following: (i) how the principle proposed in the model, as well as its general approach, make use of principles in IFRS 15, Revenue from Contracts with Customers and of the Board’s latest thinking in the Conceptual Framework project; (ii) that scope criteria for the model should focus on enforceable rights and obligations created through a formal regulatory pricing (ie rate-setting) framework, but exclude other features of rate regulation described in the paper; and (iii) recognition of regulatory assets and regulatory liabilities.
At a future meeting, the Board plans to discuss detailed analyses of measurement, presentation and disclosure in the proposed model.
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