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How would you Account for Renewable Energy?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › How would you Account for Renewable Energy?

Viewing 6 posts - 1 through 6 (of 6 total)
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  • October 17, 2017 at 6:09 am #412046
    annette
    Member
    • Topics: 9
    • Replies: 13
    • ☆

    Good morning Chris,

    How would you account for renewable energy?

    Is it right to classify it under intangible assets?

    Many thanks,

    Annette

    October 18, 2017 at 9:25 pm #412379
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    What do you mean by renewable energy? What are you looking to account for?

    Thanks

    October 18, 2017 at 11:53 pm #412395
    annette
    Member
    • Topics: 9
    • Replies: 13
    • ☆

    Hi Chris,

    It was one of the questions in the Sept exam.

    “Accounting for renewable energy”

    Thanks

    October 23, 2017 at 9:16 pm #412984
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Without the specific question then I can’t really give too much specific advice. I’d presume that the energy provided is to be sold to other users and so would fall under IAS 2 Inventories.

    Thanks

    October 31, 2017 at 9:58 am #413844
    annette
    Member
    • Topics: 9
    • Replies: 13
    • ☆

    Thanks Chris,

    Unfortunately I can’t remember the actual question – only wrote the bits I could remember right after the exam and the Sept 17 question paper has not been published.

    Well I will practice all else.

    Thank you once again for the simple and straight forward notes – coupled with my Kaplan text they have made the subject beautiful.

    Best regards,

    November 5, 2017 at 4:20 pm #414443
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Annette, thanks for the kind words, and glad to be of assistance. If I manage to find the question, somehow, then I’ll try and help you out.

    Thanks

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