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Carlsen, P 2009, ‘Regulatory accounting, standard setting, market based incentives’. Electric Utility Week.
Summary
The article under consideration dwells upon regulatory accounting as this rule runs in the USA, but not spread. US utilities’ main wish was gratified by the AISB in the meaning that incurred costs should be recovered in future by these regulatory accounting. Existing IFRS have the limited provision so there is the necessity to provide the new rules to the Accounting Standards Codification. The ASC 980 is eager to provide the rate recoverability of regulatory assets, which are going to be based on the regulators, which will control the existence of the assets.
Agree part
While the question of the regulatory accounting practice was raised, so there is the necessity to provide some changes. The offered regulations in the article have the main advantage: the provisions are going to be controlled and the problem with the accounting will not appear in the conditions of constant regulations. The support will also come from financial statements, at he same time it may be also agreed that there is no structured implementation of the practice. Still, the regulatory accounting is going to be the profitable affair, which will make it easy to control accountings.
Landy, H 2009, ‘Mark-to-Market: Fair in Theory, But of What Value?’ American Banker.
Summary
Fair-value accounting is the core question of the current publication, an the main focus is the H. David Sherman’s investigation of the issue. The fait-value theory is also known as market-to-market accounting, and the question is whether all loans and deposits should be covered by this fair-value accounting. Sherman tried to convince the public that fair-value is exactly what the banks need in the question of deposits. Moreover, fair value makes sense not only for banks, but also for the whole business sector, as it is considered to be more relevant that traditionally used historical costs.
Agree part
It is impossible to disagree with Sherman, as fair value system, which is offered is a good start for coming out f the crisis. Furthermore, the usage of the market-to-market system before the crisis start could allow avoiding some looses, which occurred as the result of the historical cost system. The fair value is feasible and the advantages of its usage are going to be seen soon in the case of the system adopting. Using fair value accounting the hedge accounting is of no necessity as is usually automatically matches.
‘New approach to reporting can improve market confidence and corporate’ 2009, 21 September.
Summary
Sustainability reporting is the main theme of the article, and the effort to make managers understand that sustainability is rather effective issue. Sustainability reporting is not just the source of information, but also the way to improve market confidence. A three step action plan is introduced in the article, which aim is to implement the sustainability reporting in the business sector. The first step includes the actions from the government, the second step is providing of the understanding of the accounting as a profession and reporting as its essential part and third step is the implementation of the sustainability performance.
Agree part
The sustainability reporting is a profitable and effective issue, which should be implemented in the business sector of every country, as it is not only the source of information, but the database for the business analysis, the data from which the improvement and development affairs are going to be structured. Considering the steps on the way to the sustainability reporting implementation, it may be concluded the effective nature of the issue.
Reference List
Carlsen, P 2009, ‘Regulatory accounting, standard setting, market based incentives’. Electric Utility Week. Web.
Landy, H 2009, ‘Mark-to-Market: Fair in Theory, But of What Value?’ American Banker, vol.174, no.168. Web.
‘New approach to reporting can improve market confidence and corporate’ 2009. Web.
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