E-Learning
Advanced Environmental Liabilities eLearning Course
Price:
$495
About the Course
Disclosed environmental liabilities continue to grow, despite decades of growing spending on site remediation. Auditing guidance and other accounting standards continue to grow in detail and financial materiality. ASTM’s Environmental Liabilities Course addressed the fundamentals, but more advanced or experienced students may have an interest in the case studies from recent high-profile transactions and litigation. This course focuses on five key ASTM documents (ASTM E2137, E2173, E2718, E3123, and E3228) covering the valuation, settlement, and reporting of all types of environmental liabilities.
This course can be completed in about nine hours.
Audience
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)
- Corporate officers performing financial reporting or due diligence responsibilities
- Members of due diligence or purchase price accounting teams
- Members of corporate or government agency remedial project teams
- Members of legal and accounting teams
- Members of investment banking and merger/acquisition/spinoff teams
- Members of real estate teams acquiring, redeveloping or selling environmentally-impaired properties
- Individuals providing support services to any of the above
Certificate and CEUs
Upon successful completion of this course, learners will receive a certificate of completion with 0.9 CEU's.
About the Instructor
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.
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Access
All ASTM online courses are available for a 1 year subscription on ASTM's Learning Center for a Single User Only via username/password. Training cannot be shared. For multi-user access and pricing, contact sales here or call 1-877-909-ASTM.
Internet access is required.