The Standard Stance
Volume 35

The Accounting Advisory Services (AAS) team at BDO India is pleased to share 'THE STANDARD STANCE' – an expert insight into key accounting matters. Each monthly issue of the publication spotlights and discusses a key accounting matter noteworthy for organisations to stay ahead in their business journeys. 

This issue of THE STANDARD STANCE - RENEWABLE ENERGY CREDITS: WHERE ENVIRONMENTAL VALUE MEETS FINANCIAL REPORTING examines the accounting treatment of RECs under Ind AS

In India, the accounting treatment of Renewable Energy Certificates (RECs) - tradable commodities that certify the environmental benefits of renewable energy generation - is not covered by one Ind AS but is derived using general principles from multiple standards. The treatment depends on the nature of the entity and intent. 

This issue of The Standard Stance provides an overview of the accounting treatment of RECs for Eligible and Obligated Entities, across scenarios such as recognition of RECs held for sale, for own use, the accounting of revenue, the accounting treatment for non-producers of renewable energy, etc. The publication highlights the important role of unique accounting considerations and the application of careful judgment and policies in arriving at the most appropriate accounting treatment of RECs in financial reporting.  
 

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THE STANDARD STANCE Counting the Cost of Clean Air: How India’s Vehicle Scrappage Policy Affects Corporate Financial Reporting

THE STANDARD STANCE Adapting to the New Regulatory Shifts: Directors’ Entry and Exit Norms

THE STANDARD STANCE: Navigating the Accounting Treatment of Cryptocurrencies