(redirected from Prior Year Adjustment)
PYAPrior Year Adjustment (various organizations)
PYAPlays for Young Audiences (partnership; various locations)
PYAPershing Yoakley and Associates (Knoxville, TN)
PYAPrinceton Young Achievers
PYAPenultimate Year Assessment (UK)
PYAProtect Your Ass
PYAPenn Yan Academy (New York)
PYAPyrobaculum Aerophilum
PYAPag-asa Youth Association
PYAPlay Your Aces (band; Tabernacle, NJ)
PYAPolish Yacht Association
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References in periodicals archive ?
ISLAMABAD -- The National Electric Power Regulatory Authority (Nepra) has completed the process of tariff determinations for six Discos and allowed Prior Year Adjustment (PYA) to the ex-WAPDA Discos which will enable them to transfer the burden of Rs 120 billion to the electricity consumers.
After the conclusion of the hearing, an official said the additional impact of the prior year adjustment (PYA) for FY18 taking PPP difference into consideration was coming out of the rising net hydel profit to the provinces.
'The request of the federal government in light of section 31 of NEPRA Act is accepted and the amount of subsidy and surcharges in the annexures attached with the request are accordingly allowed to be indicated in the already intimated schedule of tariff as per Annexure-III of the authority's re-determination of tariff of XWDISCOs for the FY 2015-16 dated September 18, 2017, which were subsequently revised in the matter of the Authority's decisions in respect of suo motu proceedings regarding periodical adjustments on account of power purchase price, including impact of T and D Losses on FCA, and prior year adjustment pertaining to the FY 2016-17 dated October 23, 2017,' said a determination issued by NEPRA in re-determination of tariff for DISCOs.
It means pre-tax profits for the year to April will be reduced by pounds 900,000 while the pounds 2.9 million, which relates to earlier years, will be accounted for as a prior year adjustment.
Post completion of the hearing process, an official explained that the additional impact of the prior year adjustment (PYA) for fiscal year 2017-18 on account of difference in PPP for four quarters was mostly arising out of the increased net hydel profit to the provinces.
The FESCO asked to adjust/index tariff component of PPP including T and D losses, operation and maintenance (O and M), depreciation of expense, return on rate base, other income and prior year adjustment (PYA).
It was further informed that tariff determined by NEPRA was based on the revenue requirement of the sector split into prior year adjustments (PYA) and future revenue requirements.
The cost of circular debt, line losses and prior year adjustments etc was worked out at Rs2.82 per unit.
"The board's decision to remove Mr Taylor followed their conclusion that certain of the prior year adjustments made in the 2005 accounts should have been presented as a correction of fundamental errors and not as changes in accounting policy," the group said.
Presumably, all or a substantial portion of the interest expense arose from prior year adjustments to their Schedule F.
An official explained that the combined impact of all previous outstanding issues that were pending in courts or at various levels of settlement or late notifications on account of prior year adjustments (PYA), capacity payments, net hydel profit and additional power purchases was worked out at Rs200bn.
Separately, another Rs80bn allowance was granted to Discos on account of higher losses, prior year adjustments and debt write-offs etc.