Home > PD > Distance Learning > ON-DEMAND Programs > Making Sense of Conditional Asset Retirement Obligations (FIN 47)
Making Sense of Conditional Asset Retirement Obligations (FIN 47) Financial Accounting Standards Board Interpretation No. 47, “Accounting for Conditional Asset Retirement Obligations,” clarifies that an unconditional obligation associated with the retirement of plant or other long lived assets (such as asbestos containing facilities) should be recognized whenever the liability’s fair value can be reasonably estimated. The cumulative effect of initially applying the interpretation is reported as a change in accounting principle. Because the interpretation is effective in the current fiscal year the estimation calculation can not be avoided. Join speakers from PricewaterhouseCoopers and member of NACUBO Accounting Principles Council as they discuss this important issue.
What You Will Learn:
- What FIN 47 means
- Estimation calculations for sample scenarios
- How to record the FIN 47 obligation
- An appreciation of environmental regulations that impact the Interpretation
Who Should Participate?
- Controllers
- Associate and Assistant Controllers
- Financial Reporting Manager
- Chief Financial Officers
Meet the Presenters:
- John Mattie
PricewaterhouseCoopers
- Rick Wentzel
PricewaterhouseCoopers
- Gillian Emmons
MIT and member of NACUBO Accounting Principles Council
- Dale Larson
University of Dallas and member of NACUBO Accounting Principles Council
- Phil Hagan
Georgetown University
Course Information:
- Course Level: Advanced
- CPE: not available for ON-DEMAND programs
- Length: 120 minutes
- Prerequisites: none
Fees
| Member: |
$0.00 |
| Non-member: |
$29.00 |
Time
Available on-demand at any time.
Length
Approximately
100
minutes
Technical Requirements
- Windows 9x/NT/2000/XP (Mac and Linux are not supported)
- IE 5.0 or Higher (Netscape is not Supported)
- Windows Media Player 6.01 or Higher (May have some issues with versions below 7.0)
- To successfully view this program you must first follow the Test Your System link located on the Event Help Guide
Customer Support Center:
Technical Issues with Webcasts
Call 1.800.462.4916 to speak to Customer Support.
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