GASB: Accounting and Financial Reporting for Pollution Remediation Obligations

Learning Objectives

• To discuss the latest information regarding accounting and financial reporting for pollution remediation obligations.
• To review the overall guidance on accounting and financial reporting for pollution remediation obligations. 
• To know how to apply presentation rules and exceptions.
• To review the recognition, measurement, and presentation constraints.
• To look at disclosure and presentation requirements.
• To write the appropriate Notes.
• To know the unique disclosure and presentation requirements of accounting and financial reporting for pollution remediation obligations.
• To analyze required note disclosures.

Course Description

This webinar describes the standard for the Government Accounting Standards Board (GASB) for Accounting and Financial Reporting for Pollution Remediation Obligations.

This standard of accounting and financial reporting for pollution remediation obligations addresses accounting and financial reporting standards for pollution (including contamination) remediation obligations, which are obligations to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities such as site assessments and clean-ups.

This online course is a resource that will help accounting professionals responsible for sales and pledges of receivables and future revenues and intra-entity transfers of assets and future revenues.

Major Topics discussed in this CPE Accounting(Govt.) webinar: 

• Basic concepts, scope, and applicability of accounting and financial reporting for pollution remediation obligations.
• Planning the approach: accounting and financial reporting for pollution remediation obligations.
• Sizing up the impacts of questions you need to ask.
• Specific rules and unique provisions for accounting and financial reporting for pollution remediation obligations.
• Disclosure and presentation requirements.
• Notes to financial statements.

Join this webinar by Mike Morley, it outlines an easy-to-understand step-by-step procedure for accounting and financial reporting for pollution remediation obligations.

Overview

• Expected cash flow technique

  5 mins
• Obligating events

  16 mins
• What this standard does not apply to

  34 mins
• Recognition and measurement framework

  45 mins
• Receipt of an administrative order

  57 mins
• Accounting for recoveries

  74 mins
• Governmental find financial statements

  80 mins