Environmental credits: Understanding new FASB guidance
About this episode
This episode discusses the new FASB guidance on environmental credits and its implications for accounting practices.
Environmental credits accounting is changing with the introduction of ASC 818 (created by ASU 2026-02). New FASB guidance establishes a consistent accounting model for environmental credits and related obligations, addressing recognition, measurement, presentation, and disclosure. This episode explores key aspects of the new standard, including the intent-based recognition model, accounting for voluntary versus compliance credits, environmental credit obligations, and considerations for adopt...
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