Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs)

Posted: 24/02/2012 in Guidance Notes, ICAI

Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs)

Contents

Paragraphs
Introduction

1-4

Clean Development Mechanism and CERs

5-8

Objectives

9

Scope

10

Accounting Treatment
Whether CER is an ‘asset’

11-12

CER is an ‘asset’ as per the definition given in theFramework

13-15

Recognition of CERs

16-17

What type of asset is a CER

18-21

Measurement
Measurement of CERs

22

Cost of Inventories

23-27

Net Realisable Value

28-29

Income Recognition

30

Measurement of underlying assets related to CERs

31-33

Presentation

34

Disclosure

35

Effective date

36

Transition

37

Click here to download the above Guidance Note- Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs) (Issued 2012)- (17-02-2012)- [Format-PDF], {No. of Pages- 20}, (Size- 85.8KB).

Source: The Institute of Chartered Accountants of India.

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