Detail Accounting for Asset Retirement Obligations   Oleh:  Hiner, Ronald R. ; Alexander, Eric R. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 192 no. 6 (Dec. 2001), page 49-58. Topik: RETIREMENT; accounting; asset retirement; obligations Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel With the long - term business trend toward a more balance - sheet oriented focus in accounting, FASB has fixed its attention on how entities account for obligations associated with the retirement of tangible long - lived assets. In the past, many businesses employed an income - statement approach, recognizing the costs related to such obligations ratably over an asset’s life as a component of depreciation or expensing the obligations as they are incurred. FASB Statement no. 143, Accounting for Asset Retirement Obligations - which was seven years in the making - shifts to a balance - sheet approach, requiring businesses to recognize a liability for a retirement obligation when they incur it - even if that is far in advance of the asset’s planned retirement. This article explains the provisions of Statement no. 143 as companies and their accountants will need to apply them. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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