This roadmap is intended to help entities address the impact of certain environmental and asset retirement laws and regulations on accounting for environmental obligations. To highlight an industry sector growth area, we have also included a section. This roadmap provides deloittes insights into and interpretations of the accounting guidance on environmental obligations in asc 41030 and asset retirement. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
Asset retirement obligations are legal obligations associated with the retirement of longlived assets that result from the acquisition, construction, development andor the normal operation of such assets. Revenue recognition a roadmap to applying asc 985605 statement of cash flows roadmaps currently available only as a. Asset retirement obligations are legal obligations associated with the retirement of longlived assets that result from the acquisition, construction. All other cash payments that do not stem from transactions defined as investing or financing.
Power and utilities accounting, financial reporting, and tax update. Other publications in deloitte s roadmap series business combinations business combinations sec reporting considerations carveout transactions contracts on an entitys own equity convertible debt discontinued operations distinguishing liabilities from equity earnings per share environmental obligations and asset retirement obligations. Environmental obligations and asset retirement obligations. Environmental obligations and asset retirement obligations dart. This roadmap provides deloitte s insights into and interpretations of the accounting guidance on environmental obligations in asc 41030 and asset retirement obligations aros in asc 41020. Deloitte a roadmap to accounting for environmental obligations and asset retirement obligations 2019 chapter 3 accounting for environmental obligations 35 3. Chapter 4 accounting for asset retirement obligations. Asset retirement obligation dart deloitte accounting. A roadmap to accounting for environmental obligations and. The accounting for environmental obligations and asset retirement obligations aros will vary depending on the laws and regulations governing such obligations. A roadmap to consolidation identifying a controlling. Find help in our updated accounting and reporting guide.
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