FASB Releases Proposed ASU on Accounting for Environmental Credits and Environmental Credit Obligations

The FASB has released a proposed Accounting Standards Update (ASU) Environmental Credits and Environmental Credit Obligations (Topic 818). The proposal’s objective is to “provide investors with additional decision-useful information by improving the (1) understandability of financial accounting and reporting information about environmental credits and environmental credit obligations and (2) comparability of that information by reducing diversity in practice.”

For more information, see the press release on the FASB’s Web site.