Asset Retirement Obligations
EZ ARO is the solution for FAS 143 (also known as ASC 410) for US companies and IAS 37 for international businesses. It enables you to simply and reliably account for provisions needed for future mandatory expenses involved in retiring an asset. Accretion of the ARO liability and depreciation of the associated asset retirement cost, along with adjustments for changes in estimated cost or settlement date, flow through reports for journal entries, accretion/depreciation schedules, statements of financial position, and maturity disclosures.
Test out our ARO reporting in the trial version of either EZ13 or EZ ARO
Test out our ARO reporting in the trial version of either EZLease or EZ ARO
EZ ARO is designed for and used by companies involved in:
- Oil & gas drilling
- Service stations
- Billboard advertising
- Mining & quarrying
- And anyone else needing to reserve funds to accomplish future retirement of assets.