By C. Gregory Rogers
Monetary Reporting of Environmental Liabilities and dangers is a whole advisor to constructing the underlying company structures to effectively file environmental issues in audited monetary statements and studies filed with the Securities trade fee (SEC). It units forth suitable reporting and inner regulate criteria and discusses vital concerns affecting reporting entities, accountants, attorneys, and environmental pros.
Read Online or Download Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley PDF
Best managerial books
This e-book offers institutional details and makes use of analytical instruments to explains why governments should still interfere in economies stricken by globalization. With research of present kingdom reports and matters, this ebook is a necessary learn for all drawn to the calls for on fiscal coverage in globalized age.
Crosson and Needles proceed to assist teachers remain on most sensible of the switch curve with Managerial Accounting. Balanced, versatile content material during this market-leading textual content is supported by way of an array of built-in print and expertise vitamins. no matter if an teacher desires to current a consumer or procedural orientation, comprise new tutorial suggestions, strengthen scholars' center talents and talents, or combine know-how into the study room, Managerial Accounting presents a complete answer, making it the traditional selection for accounting teachers.
Larger practices that cutting-edge CFOs can hire to deliver price and potency to the groups that report back to them assisting company accountants from the CFOs to the administration accountant enforce larger practices that may make a distinction to their finance team's functionality, successful CFOs exhibits company accountants the best way to create everlasting advancements of their organization's strategies.
Value-Based operating Capital administration analyzes the motives and results of fallacious money circulate administration among entrepreneurial agencies with various degrees of hazard. This paintings appears to be like on the factors and standards for decision-making by means of marketers of their efforts to guard the monetary protection in their companies and deal with monetary liquidity.
- The Procurement and Supply Manager's Desk Reference
- Essentials of Managing Treasury (Essentials Series)
- The Financial Controller and CFO’s Toolkit: Lean Practices to Transform Your Finance Team
- Business Project Management and Marketing: Mastering Business Markets
- The Audit Committee: Performing Corporate Governance
Additional info for Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley
Environmental financial reporting unquestionably is a complex subject. Bridging the gap in understanding horizontally across the various environmental disciplines can be a significant challenge in itself. Bridging the gap vertically across the layers of the law and accounting sandwich is an even greater undertaking. The scope of the challenge was acknowledged by an environmental issues roundtable sponsored by the American Institute of Certified Public Accountants (AICPA) in 1993. More than 30 individuals representing public accounting firms, industry, the Financial Accounting Standards Board, the Securities and Exchange Commission, and the AICPA participated in the roundtable.
Id. at 970. 2 SECURITIES, CORPORATE, AND BANKRUPTCY LAWS The court in Caremark did not elaborate on the elements and characteristics of a “reasonable information and reporting system,” stating only that the level of detail appropriate for such systems is a question of business judgment. In the context of financial reporting, however, reasonable information and reporting systems may be interpreted to mean effective internal control over financial reporting (see Chapter 8). (ii) FIDUCIARY DUTIES OF DIRECTORS IN THE ZONE OF INSOLVENCY Off-balance-sheet liabilities, including hidden, understated, or even unknown loss contingencies, may render a company insolvent retroactively.
The balance-sheet measure of insolvency). A corporation may be insolvent under these tests even if it has not commenced a bankruptcy case. In assessing balance-sheet solvency, directors must evaluate off-balancesheet liabilities and loss contingencies. With respect to environmental financial reporting, such matters may include environmental liabilities and asset impairments associated with historical pollution conditions, pending or anticipated litigation, environmental indemnity agreements, and risks that the corporation could be held accountable for the liabilities of a related entity under veilpiercing or alter-ego theories.