Our guide provides accounting guidance for reporting entities in the utility and power industry to consider in the preparation of financial statements in accordance with US GAAP.
We have updated certain sections of our guide primarily to provide additional illustrations on the application of the accounting guidance. We have also made updates to reflect the impact of updated authoritative guidance that has been previously communicated in other communications related to variable interest entity consolidations.
Utilities and power companies — 2016 edition provides guidance for reporting entities in the utility and power industry to consider in the preparation of financial statements in accordance with U.S. GAAP. The guide is organized by topical area, and covers a broad range of guidance on accounting and financial reporting topics of interest to utilities and power companies.
The guide contains material incorporating authoritative standards and interpretative guidance issued through March 31, 2016. Certain content of this publication may be superseded as new guidance and interpretations emerge. It is the user's responsibility to consider all authoritative literature and communications (e.g., Assurance policy updates, In depths, EITF observers, Alerts and other firm communications) issued subsequent to March 31, 2016.
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