Topic:"2025 Ace Plan" in M03154

Matter: P-111.6 - Nova Scotia Power Inc. - Approval of NSPI's Amended Accounting Policy and Procedures Manual. (US GAAP)Conversion to US Generally Accepted Accounting Principles for financial reporting purposes.

1 passage 1 document

2025 Ace Plan across all matters →

N-6Second Filing of Revisions - NSPI Accounting Policy and Procedures Manual 9/15/2010 1 passage

PROCEDURES p. p. 23

PROCEDURES - Every expenditure must be classified as either capital or operating, and should be budgeted and accounted for accordingly. Operating costs are expensed in the year incurred, against the revenue earned in that period. The deter...

AI summary The document outlines procedures for classifying expenditures as capital or operating, emphasizing materiality considerations and adherence to the Annual Capital Expenditure Plan (ACE Plan). Capital expenditures require work order approval, while operating costs are expensed immediately. NSPI's materiality guidelines in its accounting manual dictate capitalization thresholds.

Open document →

Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →