A Roadmap to Accounting for Environmental Obligations and Asset Retirement Obligations (August 2020)
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This Roadmap provides Deloitte’s
insights into and interpretations of the accounting guidance on environmental
obligations in ASC 410-30 and asset retirement obligations (AROs) in ASC 410-20.
Because the accounting for environmental obligations and AROs will vary depending on
the laws and regulations governing such obligations, this publication provides an
overview of some of the applicable federal and state environmental laws and
regulations in the United States and describes the application of the accounting
guidance within the relevant legal framework.
This Roadmap replaces the Deloitte
Q&As that were contained in ASC 410. To find the text in the Roadmap that
corresponds to a former Q&A, select the “Environmental and ARO” tab at the
bottom of the Q&A to
Roadmap Quick Reference Guide and search for the Q&A’s
number or title.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.