Скачать или смотреть IFRIC 1 Explained: Accounting for Changes in Decommissioning Liabilities

How to account for a future multi million dollar problem?

00:00 Introduction
00:52 A future cleanup bill (the core liability)
01:09 Decommissioning liability
01:30 Asset vs Liabilities/equity
01:56 When estimates change (the shifting liability)
02:12 Why estimates change
02:45 The IFRIC 1 solution (a consistent rulebook)
03:01 Same set of rules
03:20 Two accounting paths (cost vs revaluation)
03:36 Cost model vs Revaluation model
04:00 Cost model and accounting treatment
04:22 Revaluation model
04:50 After the asset's life (the final stages)
05:02 Unwinding of the discount
05:38 End of useful life
05:56 Why this rule matters (the bigger picture)
06:12 Key takeaways
06:35 How will accounting for future liabilities shape corporate strategy?

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