A Roadmap to Accounting for Environmental Obligations and Asset Retirement Obligations (August 2019)
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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. Appendix C
of the Roadmap summarizes the key changes made in the 2019 edition.
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.