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Kineticor 1

Joe D'Angelo is the Controller of Kineticor Asset Management. Based in Calgary, he is in the midst of completing the 2023 financial statements for the company. Of concern is how to account for the carbon credits that have been generated and are in his company's name given that there are no firm accounting guidelines for carbon credits under IFRS. Visit casenet.ca for more free, open access decision focused video teaching cases from Acadia University.

Interviewee

Joe D'Angelo

Company

Industry

Business Activity

Kineticor Inc.

Power Generation

Power Generation

Headquarters

Calgary, Canada

Size

Small

Employees

Fewer than 25

Greater than $25 million

Yearly Revenue

Private Company

Type of Entity

Subject

Accounting

Level of Difficulty

Medium

Teaching Objectives

Learn about carbon capture accounting

Keywords

Carbon credits

Additional Info
Teaching Note

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