Since the development of Federal environmental laws, new accounting principles and stakeholder expectations have become part of the ASTM Standard setting activity. This course reviews five key ASTM documents covering the valuation, settlement and reporting of all types of environmental liabilities. Any scientific, project management, legal or accounting specialist seeking to grow within the strategic framework of a larger organization will improve their understanding of the challenges of environmental liabilities and how to address them.
This course can be completed in about six hours.
The Environmental Liabilities Certificate course includes the following sessions:
This course provides a verification of the student's proficiency and knowledge surrounding five key ASTM Standard Guides. By learning and adopting best practices from a wide variety of experts, the student will be able to deliver higher-quality services to optimize and settle an environmental liability portfolio, especially those sites with illiquid assets and unquantified liabilities.
Attendees should include those providing estimation, valuation, auditing and attestation to one or more portfolios of environmental liabilities (asset retirement obligations, environmental obligations, commitments, contingencies and guarantees)
Module One: Recognition and Derecognition of Environmental Liabilities
Module Three: Disclosure of Environmental Liabilities
Module Four: Disclosures related to Climate Change
Module Five: Due Diligence Procedures for Environmental Liabilities
Module Six: Environmental Knowledge Management
Upon successful completion of this course, learners will receive a certificate of completion with 0.6 CEU's.
A digital badge will also be issued for this course. This badge can be added to your social media profiles to share your achievement!
John Rosengard is a subject matter expert in environmental liabilities. His specialties include Environmental remediation liability forecasts, asset retirement obligation calculations, focused on oil/gas, ports, chemical manufacturing, pipelines, CERCLA/RCRA closures, environmental counterparty tracking, decision analysis, Monte Carlo modeling, Markov chain analysis of environmental default, and aerial photo interpretation.
John founded a software startup in 1994. He wrote ERCI's proprietary software, Defender, used by Fortune 500 corporations and public agencies for documenting their environmental liabilities (GAAP references IAS37, ASC 410-30, GASB 49) and asset retirement obligations (ASC 410-20, GASB 83). John developed software and related reports for 10-K disclosure, audit defense, decision support/budgeting, loss prevention and improvement of capital stewardship. He also conducted or supervised financial reporting for over 4,200 cleanup sites worldwide. In addition, John created GASB49 Defender version to support compliance by public agencies with pollution remediation obligations. He facilitated decision analysis for over 200 cleanup projects and led business process reengineering, lean sigma and software development teams, focused on environmental cleanup project portfolios and integration with enterprise software systems (SAP, PeopleSoft, Oracle, JD Edwards). John developed and administered financial assurance tracking systems for several Superfund PRP groups, continuously tracking participant viability, and directly enforcing successors/assigns documentation, need for additional guarantees or cash out. From 2000-2002 and from 2015 to 2016, John served on the ASTM committee which drafted and published the environmental reserve estimation (E2137) and disclosure (E2173) standard guides. Currently, John is a technical contact for ASTM E2173 (env disclosure). In January 2017, he started the ASTM workgroup on new standard E3123-17 for recognition/derecognition of env liabilities. From 1995 until 1997, member, later chair, of Restoration Advisory Board for two NPL cleanups at US Naval Weapons Station Concord (California). In 2009, John developed first parametric model for quickly bracketing river and harbor sediment cleanup costs with minimal data. Between 2010 and 2015, he wrote 24 webinar topics on environmental liabilities to over 500 registrants in 90 sessions; webinars posted on YouTube have over 1000 views.