Financial statement presentation ; Leases (ASC 842) Financing transactions ; Stock-based compensation ; Foreign currency ; Loans and investments (post ASU 2016-13 and ASC 326) Transfers and servicing of financial assets ; Utilities and power companies 2020 Smart Utilities Report. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide July 2018 This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. The EEI Financial Review is an annual report on the financial performance and strategic direction of the electric power industry. This publication discusses accounting, tax, and regulatory matters that P&U entities will need to consider as a result of these changes, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Whether companies enjoy the promise of this innovation depends on how they embrace the potential of new technology as the vanguard for industry … The digital revolution is coming to the power industry. As the U.S. power and utilities industry continues to transform, more flexible regulatory initiatives may bring new opportunities. With new competitors and technological innovation inspiring enhanced products and services, energy suppliers need to adapt quickly if they want to retain their customers and their trust. The power and utilities sector faces radical transformation. Financial reporting in the power and utilities industry: International Financial Reporting Standards. Employment in the electric power generation, transmission, and distribution industry is expected to decline by about 15 percent over the 2008-2018 period. We are pleased to present our 13th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. %%EOF Florida’s Public Power Utilities Florida’s 33 municipal electric utilities, combined, are the third largest electric provider in the state, serving 14 percent of Florida’s customers. The pace of standard-setting from the International %PDF-1.6 %���� Companies in the sector are being put under unprecedented pressure to develop winning strategies. Change is constant in the utilities industry, and 2018 is no exception. Our publication discusses such proposed and codified standards and highlights nuances that could affect our industry. Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. Social login not available on Microsoft Edge browser at this time. POWER FINANCIAL CORPORATION 2018 ANNUAL REPORT I This is Power Financial FINANCIAL HIGHLIGHTS For the years ended December 31 [in millions of dollars, except per share amounts] 2018 2017 Net earnings [2] 2,245 1,717 Net earnings – per common share 3.15 2.41 4 Financial reporting in the oil & gas, power & utilities and mining sectors Surveying the ground to be covered by the roundtable event, IASB board member Patrick Finnegan observed: “This is an agenda that is filled with an extraordinary 6 FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES 7 This report presents data for 21 categories of financial and operating ratios for 191 of the largest publicly owned electric utilities in the United States. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide has been saved, Power & Utilities Accounting, Financial Reporting, and Tax Research Guide has been removed, An Article Titled Power & Utilities Accounting, Financial Reporting, and Tax Research Guide already exists in Saved items. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. The energy industry is changing. Distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. This publication (pdf, 1.39MB) is part of a series that takes a sector-by-sector look at IFRS in practice. This message will not be visible when page is activated. In this edition, we look at the issues faced by power and utilities companies. 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