IT2013_1069_CH09_v2_P1_7-22

Chapter 9:
Regulated Entities

Chapter Summary

Regulated entities that meet the criteria for applying ASC 980, Regulated Operations, are not exempt from the requirements of ASC 740. In fact, the accounting for a regulatory asset or liability under ASC 980 can make applying the income tax accounting model more complex. For guidance on income tax accounting for regulated entities refer to PwC’s Guide to Accounting for Utilities and Power Companies, 2013 Edition.