Share

Under the Carbon Pricing Mechanism: Helping you navigate your financial reporting

With the commencement of the Carbon Pricing Mechanism (CPM) on 1 July 2012, there is now a price on carbon emissions in Australia. In this publication, Ernst & Young discuss some of the key accounting issues arising from the CPM, in particular the accounting for freely allocated and purchased carbon units (CUs). For liable entities (i.e. entities which need to surrender CUs) and for entities that receive freely allocated CUs, determining the most suitable accounting policy to account for the impact of the CPM is important.

 

Materials

  • Under the Carbon Pricing Mechanism: Helping you navigate your financial reporting (http://www.ey.com/Publication/vwLUAssets/Under_the_Carbon_Pricing_Mechanism/$FILE/Carbon_change_Accounting_update.pdf) Visit

Intended Audience and Usage

This material can be used to enhance lecture slides and tutorial exercises in Undergraduate and Postgraduate Accounting classes. 

Comments

There are 0 comments on "Under the Carbon Pricing Mechanism: Helping you navigate your financial reporting"

Login to read and post a comment