The AASB has published a Staff paper titled “Possible Financial Reporting Implications for the Fixed Price Phase of the Carbon Pricing Mechanism for Emitter Entities”.
The paper is designed to assist constituents in identifying the key financial reporting issues that may arise for emitter entities during the fixed price phase of the carbon pricing mechanism and possible accounting treatments in respect of those issues under current Australian Accounting Standards.
The staff paper is intended to inform AASB constituents about the key financial reporting issues that may arise for emitter entities during the fixed price phase of the carbon pricing mechanism (CPM) and possible accounting treatments in respect of those issues based on current Australian Accounting Standards. It does not intend to deal with all likely issues that may arise.
