Topic:"Accounting Policies" in M04819

The Cost Allocation Report prepared by Elenchus, including attachments containing annual preliminary DSM program cost allocations and rate and billing impact analyses 1 for 2013-2015, is provided in Appendix C. 2 3 Elenchus has developed a...

AI summary The Cost Allocation Report by Elenchus outlines a two-part cost allocation model (CAM) for ENSC, used for financial statements and rate rider adjustments. Part One uses a methodology filed with the UARB in 2011, while Part Two allocates program costs to NSPI customer classes and is consistent with the DSM Cost Allocation Approach from the 2009 Settlement Agreement.

2) Review of the Algorithms and Structure of the RAM Tool for other Systemic Errors Navigant clarified which sheets in the RAM Tool were "not in use for this client" and those sheets were not reviewed (D iffusion, Impact Change Non-Code, U...

AI summary EDR Group reviewed the RAM Tool's spreadsheet workbook, focusing on fifteen tabs identified by Navigant as applicable for the client. They traced formulas, tested for correctness, and found no errors in the algorithms currently in use. Issues found were in unused tabs and differences were attributable to changes in the TRC calculation or addition of nominal concepts.

Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that w...

AI summary The auditor's responsibility involves expressing an opinion on financial statements in accordance with Canadian auditing standards. The audit includes procedures to assess material misstatements, evaluate internal controls, accounting policies, and the reasonableness of management's estimates. The auditor concludes that obtained evidence is sufficient for their opinion.

8. INTERFUND TRANSFERS The Corporation's management transferred $435,591 (2010 - $51,844) from the EDSM Fund and $112,593 (2010 - nil) from the Provincial Fund to the Capital Asset Fund for the purchase of furniture and fixtrures and lease...

AI summary The Corporation transferred funds from the EDSM Fund and Provincial Fund to the Capital Asset Fund for purchasing furniture, fixtures, and leasehold improvements. The transfer amounts were determined based on the Full-Time Equivalents of staff resources assigned to the programs, as per the CAM.

EFFICIENCY NOVA SCOTIA CORPORATION 12 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2011 12. CAPITAL ASSETS Cost $ Accumulated Amortization $ Net 2011 $ Net 2010 $ Application software Furniture and fixtures Leasehold i...

AI summary The document presents financial information for Efficiency Nova Scotia Corporation, including capital assets and fund balances for the year ended December 31, 2011. It outlines the cost, accumulated amortization, and net values for various assets such as application software, furniture and fixtures, and leasehold improvements.

Certain figures presented for comparative purposes have been reclassified to conform with the financial statement presentation adopted for the current year.

AI summary The text indicates that certain figures have been reclassified to align with the financial statement presentation used in the current year for comparative purposes.

NON-CONFIDENTIAL 1 Undertaking U-1: 2 3 In reference to ENSC's Financial Statements dated December 31, 2011, please provide the 4 following information. 5 6 a) Page 7 states that the Corporations prepaids policy is to capitalize any prepai...

AI summary The document outlines two questions regarding Efficiency Nova Scotia's accounting policies, specifically about capitalizing prepaid expenses and the three-year depreciation term for furniture and fixtures. The response explains that prepaid expenses under $10,000 are not capitalized, and the three-year depreciation period is a conservative approach consistent with common practices for not-for-profit organizations.

ACRONYMS AC Alternating Current BR Bulged Reflector CEM Consumer Electronics Market C&S Codes & Standards DC Direct Current DVR Digital Video Recorder EEMAC Electrical Equipment Manufacturers Association of Canada EER Energy Efficiency Rat...

AI summary The document provides a list of acronyms and their full forms, including terms related to energy efficiency, electrical equipment, and standards. It includes references to organizations and regulatory bodies involved in energy and consumer electronics.