William F. Jordan is professor of accounting at Florida State University. He teaches and conducts research in tax and issues related to limited partnerships. His articles have appeared in a variety of accounting publications.
Environmental cleanup: Accounting for future costs can be a messy problem
Article first published online: 31 AUG 2006
Copyright © 1994 Wiley Periodicals, Inc., A Wiley Company
Journal of Corporate Accounting & Finance
Volume 6, Issue 1, pages 91–101, Autumn (Fall) 1994
How to Cite
Jordan, W. F. and Hillison, W. (1994), Environmental cleanup: Accounting for future costs can be a messy problem. J. Corp. Acct. Fin., 6: 91–101. doi: 10.1002/jcaf.3970060108
- Issue published online: 31 AUG 2006
- Article first published online: 31 AUG 2006
- Cited By
Accounting for future cleanup costs affects more than just utility companies. Other companies have similar accounting practices and should be concerned about any precedents that are established. This article discusses the problems in accounting for future remediation costs, compares the pros and cons of different treatments, and looks at the funding versus accounting issue.