FASB-FIN 47 (Financial Accounting Standards Board)

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FACS can help you get your arms around the future cost carrying environmental liabilities on your books and to help determine the fair value of an Asset Retirement Obligation (ARO).

FACS has developed a comprehensive compliance program to identify environmental impairments, assign associated fair value costs to remedy the impairment, amortize the cost through the assets useful life and assist property owners in accounting for the cost of the liability.

This information offers tremendous value to chief financial officers, controllers, real estate officers and outside auditors for the management of ARO’s.