Pwc's Cfodirect Podcast

Environmental credits accounting is changing with the introduction of ASC 818. 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, ASC 818, including the intent-based recognition model, accounting for voluntary versus compliance credits, environmental credit obligations, and considerations for adoption.For more, see our publication Environmental credits accounting: FASB issues new standard and chapter 7 of PwC’s Property, plant, equipment and other assets guide.Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsMichael Pratt is a partner in PwC's National Office, working on sustainability methodology and thought leadership. His background is in the power and utility sector where he works with companies helping to shape the evolution of how we produce and