United States

IFRS Revenue Accounting by Power and Utilities Companies

Oct 27, 2014
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG and the KPMG Global Energy Institute recently published Accounting for Revenue Is Changing: Impact on Power and Utilities Companies, which describes the potential effects of IFRS 15, Revenue from Contracts with Customers, on power and utilities companies and actions to consider to address those issues. Some of the issues discussed include transfers of assets from customers, take or pay arrangements, and non-monetary exchanges.

Accounting for Revenue Is Changing: Impact on Power and Utilities Companies