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Accounting for Infrastructure Regulation

Accounting for Infrastructure Regulation PDF Author: Martin Rodriguez Pardina
Publisher: World Bank Publications
ISBN: 0821371800
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).

Accounting for Infrastructure Regulation

Accounting for Infrastructure Regulation PDF Author: Martin Rodriguez Pardina
Publisher: World Bank Publications
ISBN: 0821371800
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).

Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies

Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies PDF Author: Phil Burns
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 23

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Book Description
December 1998 Information that private operators of infrastructure monopolies provide regulators can and should be used to address technical issues and monitor performance. But to reduce the risk of abusive behavior, the information should also be used to make both regulators and concessionaires accountable - for example, for passing any cost reductions along to consumers. Economists often characterize the regulation of monopolies as a game (between the regulator and the service provider) in which the two players do not share the same information. The regulator is assumed to have poorer information than the service provider about the scope of future efficiency gains and the size and timing of future investment plans. Over time, the regulator must increase its information base so that regulatory targets become more realistic-but this is a costly process. Burns and Estache examine the ways such information can and should be generated, especially through the accounting requirements a regulator can impose on private operators of infrastructure concessions. (They view concessioning and regulation as complementary, not substitute, activities.) Concessionaires should provide regulators with the information they need to: * Compare outcomes with expectations. * Evaluate the cost of adverse shocks that may warrant relaxed regulation. * Evaluate whether lower costs than expected are the result of better performance or diminished output. * Properly evaluate the asset base and charge for the consumption of capital. Information that regulators get from private operators of infrastructure monopolies should be used to make both regulators and concessionaires accountable. In Chile, for example, the privatization of monopolies led to significant efficiency gains, but it took a long time for these gains to be passed on to users because neither the firms nor the regulators were held accountable - until Congress expressed reluctance to endorse further privatization because earlier waves of pri-va-tization had not benefited consumers. In other words, information should be used to make regulatory decisions more transparent and to reduce the risk of the private providers capturing the regulators. This paper-a product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute-is part of a larger effort in the institute to increase understanding of the importance of regulation for the success of infrastructure privatization. Antonio Estache may be contacted at [email protected]

Information accounting and the regulation of concessiones infrastructure monopolies

Information accounting and the regulation of concessiones infrastructure monopolies PDF Author: Phils Burns
Publisher:
ISBN:
Category : Monopolios
Languages : en
Pages : 23

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Handbook for Evaluating Infrastructure Regulatory Systems

Handbook for Evaluating Infrastructure Regulatory Systems PDF Author: Ashley C. Brown
Publisher: World Bank Publications
ISBN: 0821365800
Category : Business & Economics
Languages : en
Pages : 397

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Book Description
More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."

The Routledge Companion to Accounting, Reporting and Regulation

The Routledge Companion to Accounting, Reporting and Regulation PDF Author: Carien van Mourik
Publisher: Routledge
ISBN: 1136243496
Category : Business & Economics
Languages : en
Pages : 546

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Book Description
Financial accounting, reporting and regulation is a vast subject area of huge global importance, with interest rising significantly in the light of the ongoing global financial crisis. The authors begin with a broad overview of the subject of accounting, setting the stage for a discussion on the theoretical and practical issues and debates regarding financial reporting, which are expanded on in the second part of the book. This includes how to define the reporting entity, recognition and measurement of the elements of financial statements, fair values in financial reporting and the costs and benefits of disclosure. The third part assesses the interest, need and theories behind the accounting, reporting and regulation industry, while parts four and five look at the institutional, social and economic aspects; with issues such as accounting for environmental management and, accounting regulation and financial reporting in Islamic countries, both issues of ever increasing importance. This authoritative Companion presents a broad overview of the state of these disciplines today, and will provide a comprehensive reference source for students and academics involved in accounting, regulation and reporting.

Research in Accounting Regulation

Research in Accounting Regulation PDF Author: Gary Previts
Publisher: Elsevier
ISBN: 9780080462813
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies; including State Boards of Accountancy, Academic Accreditation Bodies, the United States Securities and Exchange Commission, the Public Accounting Oversight Board, independent standard setting bodies such as the Federal Accounting Standards Advisory Board [US], the Financial Accounting Standards Board [US] and the International Accounting Standards Board. These entities and self-regulatory organizations such as U.S. State Societies of CPAs and the American Institute of Certified Public Accountants and equivalent and emerging national bodies that exist in most developed and developing countries, are among the emerging entities which attempt to coordinate the activities of professional accountants among sovereign nations. It is important for academics, students, practitioners, regulators and researchers to consider and study the role and relationship of such bodies with the practice and content of our discipline. Research in Accounting Regulation seeks high quality manuscripts which address accounting regulatory policy, broadly defined, including: 1. self regulatory activities 2. case law and litigation 3. legislation and government regulation 4. the economics of regulation of markets, and disclosure, including modeling 5. matters involving the structure of education, licensing, and accreditation The editors encourage submission of original empirical, behavioral or applied research manuscripts which consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accountancy.

Aid under pressure

Aid under pressure PDF Author: Great Britain: Parliament: House of Commons: International Development Committee
Publisher: The Stationery Office
ISBN: 9780215530516
Category : Political Science
Languages : en
Pages : 169

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Book Description
Aid under Pressure : Support for development assistance in a global economic downturn, fourth report of session 2008-09, Vol. 2: Oral and written Evidence

Accounting for Poverty in Infrastructure Reform

Accounting for Poverty in Infrastructure Reform PDF Author: Antonio Estache
Publisher: World Bank Publications
ISBN: 9780821350393
Category : Political Science
Languages : en
Pages : 122

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Book Description
Annotation This book provides practical guidelines and options for infrastructure reform that result in access and affordability for the poor. It includes a new model for reform that consists of three main components - policies, regulation, and provision which when properly balanced minimize the risks associated with reform.

Processes, Information and Accounting Gaps in the Regulation of Argentina's Private Railways

Processes, Information and Accounting Gaps in the Regulation of Argentina's Private Railways PDF Author: Javier Campos-Méndez
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 45

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Book Description
Abstract: July 2001 - How do you set up a regulatory accounting system for a sector no longer under the government's direct control, after railways have been turned over to concessions in varied circumstances and where available information is provided mainly by private operators? As a result of inexperience in setting up concession agreements, the agreements did not clearly define the information needed for oversight and regulation. Almost a decade after Argentina began privatizing its railways, resolution of the conflicts between regulators, users, and operators continues to take longer, and to be more difficult, than expected. Campos-Méndez, Estache, and Trujillo contend that many of these conflicts arose because there are no rules for interactions between the key stakeholders: government, regulators, users, unions, and the media. One result of inexperience in setting up concession agreements has been that the agreements did not clearly define the information needed for oversight and regulation. Argentine rail concession contracts were supposed to be specific about the way tariffs, quality, investment, exclusivity, and so on, would change over time. And the newly created regulatory bodies were given some discretion about adjusting the contracts in the face of unforeseen developments. However, initial privatizations were carried out in such a way that there was no time to refine terms, so many loopholes remained. Those unforeseen events have happened, and the regulatory agency, the CNRT, has had to adapt its procedures and decisions to available information. In some cases, alleged modifications of the operating environment have led to renegotiations. Changes have been introduced in the approach to furnishing information to the government for oversight and regulatory accounting. The changes center on clearer definitions in connection with four major issues: The harmonization and comparison of accounting data; The measurement of efficiency; Access prices; The financial model. Circumstances in the Argentine rail industry early in 2001 did not favor dramatic changes, but current renegotiations could be used to adjust information requirements to reflect what has been learned through six years of experience. This paper"a product of Governance, Regulation, and Finance Division, World Bank Institute"is part of a larger effort in the institute to promote best practice in the regulation of privatized infrastructure. Antonio Estache may be contacted at [email protected]

Accounting Reform and Investor Protection

Accounting Reform and Investor Protection PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages :

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