Has anyone in the group dealt with carbon credit accounting under IFRS
yet? If so, please advise.
No business case as such. IFRIC 3 dealt with Emissions and was applied
by many companies until its withdrawal in 2005 as it resulted in
massive volatilities in the financial statements though it was the
correct way to apply IFRS for carbon credit accounting. IAS 8 applies
now.A fellow professional asked me this question and my research proved
unsatisfactory. I just want to know if any colleagues on this list are
still applying IFRS accounting and how they are dealing with it.