Topic:"Financial Instruments" in M03154

- h. cash and cash equivalents. 1 CICA Handbook, 1540.03 2 CICA Handbook, 1540.12

AI summary The text references sections from the CICA Handbook related to cash and cash equivalents, indicating a focus on accounting standards and policies concerning financial instruments and cash management.

PROCEDURES - 05 The Corporate Treasurer or their designate is responsible for reviewing the Company's cash position on a daily basis and determining whether or not there will be a cash surplus. Should a surplus be projected, the following...

AI summary The Corporate Treasurer or their designate is responsible for reviewing the company's cash position daily and deciding whether to invest surplus cash. Factors considered include the amount of surplus, projected cash needs, and prevailing interest rates. Treasury staff then solicit bids from at least two money market dealers to secure the most competitive rate.

07 Non-trade Business Receivables Non-trade business receivables include demand side management (DSM) program, financial derivatives, contract receivable, accrued interest receivable and financing contracts for water heaters and ETS units....

AI summary Non-trade business receivables include demand side management (DSM) program, financial derivatives, contract receivable, accrued interest receivable, and financing contracts for water heaters and ETS units. These receivables are based on contractual agreements and recorded in general ledger accounts.

Deleted: c 334 CS&M D.S.M. Receivable 340 Financial Derivative Receivable Deleted: Oil Swap 348 Contract Receivable Deleted: Arbitration Contract 350 Accrued Interest Receivable 353 Water Heater Loans

AI summary The text includes a table with various receivables and deleted items, such as 'Oil Swap' and 'Arbitration Contract,' and mentions 'Water Heater Loans' under item 353. These entries suggest financial and contractual matters under consideration.

OBJECTIVE - 01 This policy sets out general guidance for accounting for financial instruments and hedging activities at the Tuft's Cove generating station (TUC) and the documentation requirements. - 02 The Company's remaining financial ins...

AI summary This policy outlines the accounting guidance for financial instruments and hedging activities at Tuft's Cove generating station, ensuring compliance with specific sections of the CICA Handbook.

02 Preferred dividends are accrued monthly based on an estimate using financial details of the series (dividend rate): DR 1-785 Dividends – Preferred XXX CR 1-610 Dividends – Payable XXX 03 An adjustment for Part VI.1 tax at 40% of the pre...

AI summary The text discusses the monthly accrual of preferred dividends based on an estimated dividend rate and the recording of Part VI.1 tax at 40% of the preferred share dividend. Accounting entries are provided for both the dividend and the associated tax.

GENERAL - 07 The debentures are issued under a trust indenture and are unsecured. - 08 As part of the privatization transaction, the Company issued matching notes to NSPFC in the principal amount of, and substantially the same terms as, th...

AI summary The text discusses the issuance of debentures under a trust indenture, the privatization transaction involving the Company and NSPFC, and the commitment to eliminate NSPFC's long-term debt through repayment and defeasance of matching notes by December 31, 1997.

11 Matching Notes will remain on the books of the Company until such time as it makes payment of the principal amount of Matching Notes that mature or are redeemable prior to December 31, 1997, to NSPFC. NSPFC, upon receipt of these paymen...

AI summary The text discusses the handling of Matching Notes by the Company, which remain on its books until paid to NSPFC. Upon payment, NSPFC repays corresponding obligations on Public Debt, Savings Bonds, or Government of Canada Debt. Defeased Matching Notes are converted to contingent liabilities, and the Company remains responsible for any deficiencies in defeasance assets until maturity.

July 9, 2010 Nancy McNeil Regulatory Affairs Officer/Clerk Nova Scotia Utility and Review Board 1601 Lower Water Street 3 rd Floor Halifax, NS B3J 3S3 Re: NSPI Accounting Policy and Procedures Manual Dear Ms. McNeil, On May 14, 2010, a cop...

AI summary Nova Scotia Power Inc. (NSPI) submitted an updated Accounting Policy and Procedures Manual to the Nova Scotia Utility and Review Board, incorporating changes to align with US GAAP effective January 1, 2011. KPMG is assisting with the transition, and Grant Thornton is reviewing the revised policies. NSPI plans to make three batch filings as the audit review progresses.

DR Cash (US$) 200 DR Foreign exchange expense 70 CR Cash (CDN$) ($200 US @ $1.35) 270 d. The net foreign exchange expense ($10 in the above example) represents the foreign exchange exposure during the month. Page 1: [2] Deleted AI141 8/30/...

AI summary The text discusses foreign exchange expenses and interest on long-term debt, noting a net foreign exchange expense of $10 and the recording of interest at current transaction date rates. These financial details are presented in a tabular format.

DR 2-098-R01-xxx-xxxx (Salvage) 50,000 CR 2-066-R01-xxx-xxxx (Other Goods & Services) 10,000 CR 2-097-R01-xxx-xxxx (Original Cost) 5,000 CR 1-195-000-000-0000(Gain / Lost on Asset Sales 35,000

AI summary The document text presents a table with various entries related to financial matters, including salvage, other goods and services, original cost, and gain or loss on asset sales, with associated figures and references.

[6] The Company also stated: By June 30, 2010, NSPI will file a proposed amendment of its accounting policy for financial instruments and hedges for the Board's review and approval in advance of the adoption of US GAAP accounting standards...

AI summary NSPI filed an accounting policy amendment for financial instruments and hedges in 2010 to align with US GAAP standards. The Board retained BOO Canada LLP to review the changes, but the process faced delays due to additional work and requests from NSPI. BOO completed its final report in December 2010, and NSPI expressed general satisfaction with the findings.

334 DSM Financing Receivable 340 Financial Derivative Receivable 348 Contract Receivable 350 Accrued Interest Receivable 353 Water Heater Loans 356 Receivable Marketing & Sales 09 Nontrade Employee Receivables

AI summary The document outlines various receivable categories, including DSM Financing Receivable, Financial Derivative Receivable, Contract Receivable, Accrued Interest Receivable, Water Heater Loans, and Receivable Marketing & Sales, under the heading 'Nontrade Employee Receivables'.

OBJECTIVE - 01 The Company's financial instruments will adhere to the requirements of US Generally Accepted Accounting Principles (US GAAP) including ASC 815 - Derivatives and Hedging. - 02 This policy sets out general guidance for account...

AI summary The Company's financial instruments will comply with US GAAP, specifically ASC 815, which governs derivatives and hedging. The policy provides guidance on accounting for these instruments and related documentation.

The following table summarizes the proposed changes to NSPI's Accounting Manual within Submission 1 by section: SECTION COMMENTS 1000: Introduction Reference from Canadian GAAP to US GAAP in paragraph 06 is the only change in this section...

AI summary The document outlines proposed changes to NSPI's Accounting Manual in Submission 1, primarily driven by the transition to US GAAP. The changes include updates to references, definitions, and policies in several sections, with specific impacts noted for financial instruments and hedges.

The following table summarizes the proposed changes to NSPI's Accounting Manual within Submission 3 by section: SECTION COMMENTS 5300: Depreciation Expense References to US GAAP added in paragraph 01 and 04. Useful life or lives has replac...

AI summary The document outlines proposed changes to NSPI's Accounting Manual in Submission 3, focusing on depreciation expense and financing charges. It references the addition of US GAAP in depreciation sections and the deferral and amortization of debt issuance costs under CGAAP.

- 6230: Application of Administrative and Vehicle Overhead - 6235: Application of Administrative Overhead - 6250: Purchase Price Discrepancy - 7300: Preferred Reserves - 7320: Preferred Dividends - 8100: Long-term Debt and Matching Notes -...

AI summary The document lists various financial items and refers to the submission of NSPI's accounting manual. It includes entries related to administrative overhead, purchase price discrepancies, reserves, dividends, long-term debt, and income taxes payable.

GENERIC ACCOUNT ACTIVITY CODE STM (S) GAS (G) HYD (H) TRN (T) DIST (DP) GEN (P) WIND (W) Land and Land Rights Land 001 X X X X X X Land Rights 002 X X X X X X X Buildings, Structures & Grounds Buildings, Structures & Grounds 003 X X X X X...

AI summary The document presents a table outlining various generic accounts and their associated activities, codes, and classifications across different sectors such as land, buildings, equipment, and infrastructure. It includes details on classifications for financial reporting purposes.