Roadmap
Environmental Obligations and
Asset Retirement Obligations (October 2021)
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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 in ASC 410-20. Because
the accounting for such obligations will vary depending on the laws and regulations
that govern them, this publication gives 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.
The 2021 edition includes updated and expanded
guidance as well as On the Radar, a new section that briefly summarizes emerging
issues and trends related to the accounting and financial reporting topics addressed
in the Roadmap. On the
Radar is also available as a stand-alone publication. Appendix E highlights all new content and any
substantive revisions to previous content.
Note that 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.