ARO. Asset Retirement Obligation. The statement applies to retirement obligations for tangible long-lived assets. The effective date of the statement is for reporting periods beginning after June 15, 2018. 143, Accounting for Asset Retirement Obligations. ARO definition / ARO means? aromantic: experiencing little or no romantic attraction to others. THE STATEMENT REQUIRES ENTITIES TO RECOGNIZE asset retirement … Amount of votes Joe Biden won Georgia by in the 2020 Presidential Election 3. We know 242 definitions for ARO abbreviation or acronym in 7 categories. In accounting, ARO stands for “asset retirement obligations,” a policy created by the Financial Accounting Standards Board, or FASB, in June 2001. Keep in mind that the abbreviation of ARO is widely used in industries like banking, computing, educational, finance, governmental, and health. Computing » Cyber & Security. The Definition of ARO is given above so check it out related information. Other people might have an idea. Mostly coming from user contributions, it is … If you received an answer, delete the abbreviation from this section, and add it to its alphabetical section (If it is not there yet). Possible ARO meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. ****. FAI's Public Utility Finance and Accounting Seminars Seminars for Professionals Concerned with Electric, Gas and Water Companies Financial Accounting Institute P.O. What is ARO? An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. These rules are known collectively as the asset retirement obligation. ,random In that case, if the government is a less than 50 percent co-owner of the facilities it should use the non-government majority owner or operator’s measurement value, instead of the measurement criteria in GASB 83. “I just need to find 11,780 votes.” -Pres. This page illustrates how ARO is used in messaging and chat forums, in addition to social networking software like VK, Instagram, Whatsapp, and Snapchat. ARO: Acquisition Reform Office: ARO: Agriculture Research Organization: ARO: Action Recovery Online (Montana) ARO: Autosomal Recessive Osteopetrosis: ARO: Alternate Regulatory Option: ARO: Application Response Option (Computer Associates) ARO: Association of Regional Observatories (UK) ARO: Abrasion Resistant Overcoating: ARO: All Rods Out: ARO: Animal … Rate it: ARO: Annualized Rate of Occurrence (ARO) Computing » Cyber & Security. For more information on this topic, or to learn how Baker Tilly's energy and utilities practice can help, contact our team. Real-Time Trade Reporting Definition. All Acronyms. © 1988-2021, Examples: NFL, Rate it: ARO: Aromantic. The oil and gas industry uses many jargons, acronyms and abbreviations. Internet » Chat. This estimate for additional retirement costs is usually based on laws and regulations that require certain activities be done, such as decommissioning power plants or removing sewage treatment plants. Customers are responsible for remitting funds in exchange for goods and services, and doing so according to a time frame that is clear to both parties. The Financial Industry Regulatory Authority (FINRA) is a nongovernmental organization that writes and enforces rules for brokers and broker-dealers. Keep in mind that the abbreviation of ARO is widely used in industries like banking, computing, educational, finance, governmental, and health. The statement lays out in detail the reporting requirements in the notes to the financial statements. You’re going to enjoy all the time you save by cutting down on those needless letters! Business » Accounting. In addition to ARO, Abrasion Resistant Overcoating may be short for other acronyms. Mostly coming from user contributions, it is … What does ARO stand for in text In sum, ARO is an acronym or abbreviation word that is defined in simple language. 'Army Research Office' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. The statement then requires that the current value of the ARO be adjusted for the effects of general inflation or deflation at least annually. Measuring the liability at the current value of outlays is an important difference from the FASB ARO standard. 2021. Share ARO in Governmentpage. This pilot is set to sunset on Dec. 31, 2023. If you have current ARO’s under the FASB standard you’ll need a transition plan to measure the ARO’s under the GASB current value method. "global warming" Box 118 Tenafly, NJ 07670 www.financialaccounting.com Phone 201-568-0249 Glossary of Utility Finance and Accounting Terms used in our Seminars THE STATEMENT REQUIRES ENTITIES TO RECOGNIZE asset retirement … Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, https://www.acronymfinder.com/Business/ARO.html, Application Resource Optimizer (software development), Application Release Orchestration (Gartner), Air Traffic Services Reporting Office (Italy), Alquiler Rehabilitacion Operacion (Spanish: Rental Rehabilitation Operation), Alternate Retail Outlet (Harley-Davidson). The acronym indicates four categories of priority and importance for project requirements. Insurance Accounting. Rate it: ARO: Assistant Review Officer. EXECUTIVE SUMMARY TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. List page number 3 If you are the minority owner of a capital asset and the majority owner or operator is a non-governmental entity, keep on doing what you’re doing – no changes in your measurement approach are needed. Our 'Attic' has 126 unverified meanings for ARO. If you’re a corporate accountant or business owner that owns or leases certain type of assets, you may have to apply complicated bookkeeping rules set forth by the Financial Accounting Standards Board (FASB) that account for the cost of returning that property to its original condition. The Free Dictionary The meaning of the ARO is also explained earlier. In other words, the FASB standard applies to measurement in these circumstances. ARO = Automatic Request for Retransmission Looking for general definition of ARO? For asset minority owners that use a majority owner’s ARO measurement the measurement date of that ARO should be no more than one year and one day prior to the government’s financial reporting date. Put abbreviations that you do not know in this section. The business jargon and acronyms in this section are mostly just abbreviations for words and phrases many of us use on a regular basis. 83 requires the measurement of an ARO be based on the best estimate of the current value of outlays to be incurred. Abbreviation Meaning ***** ARO: Accredited Residential Originator ***** ARO: … Looking for the definition of ARO? The factors that were used in determining the ARO should also be evaluated annually. C; Acronym Description; Catalog Price: Price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which deals are currently, or were last, made to a significant number of buyers constituting the general public. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. A government that has legal obligations to perform future asset retirement activities related to its tangible capital assets should recognize a liability based on the guidance in this statement. 143, Accounting for Asset Retirement Obligations. However, the GASB standard has an important exemption for those governmental organizations (generally electric utilities) that have joint ownership interests in a tangible capital asset with a non-governmental entity that reports the asset’s ARO using the FASB ARO guidance. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. Projects involving City land or financial assistance are exempted if they have been introduced to City Council by Nov. 1, 2017. What Is an Asset Retirement Obligation? Determining whether your estimate will be made by an independent third party or internally is also a consideration. ----- ACRONYMS & ABBREVIATIONS 301(H)APPS 301(H)INFO 403C 5SEG A&C A&R A/WPR AA AA AA AA AA AA AAA AAA AAAS AAEE AAEM AAES AANWR AAOHN AAP AAP AAP AAPCO AAR/BOE AARC AARP ABA ABAC ABES ABMA ABTRES AC AC AC ACA Applications for Variance from Secondary Treatment Requirements (File) 301 (h) Application Tracking System Section 403(c) … An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. Retrieved January 10, 2021, from https://www.allacronyms.com/ARO/government. In November 2016, the Governmental Accounting Standards Board (GASB) issued Statement No. Military, Army, Officer. A government that has legal obligations to perform future asset retirement activities related to its tangible capital assets should recognize a liability based on the guidance in this statement. Please look for them carefully. PSP, HIPAA ARO: After Receipt of Order: B; Acronym ... A balance sheet is often described as a “snapshot of a company’s financial condition.” ... Additional acronyms are available via the Acronym Finder. If probability weighting is not feasible at a reasonable cost, a most likely amount should be used. There may be more than one meaning of ARO, so check it out all meanings of ARO one by one. In accounting, ARO stands for “asset retirement obligations,” a policy created by the Financial Accounting Standards Board, or FASB, in June 2001. more. 4.5.2 Changes in an ARO Due to the Passage of Time 88 4.5.3 Changes in the Timing or Amount of Expected Cash Flows 88 4.5A Presentation 91 4.6 Disclosure 92 4.6.1 Special Considerations for Oil and Gas Producing Activities 92 Trump to GA Sec of State in infamous 25th amendment violation worthy phone call, released by WaPo frickin YESTERDAY 2. Find the latest 1094904 (ARO) stock quote, history, news and other vital information to help you with your stock trading and investing. NASA, Top ARO abbreviation meanings updated July 2020. Postal codes: USA: 81657, Canada: T5A 0A7, Your abbreviation search returned 45 meanings, showing only Business & Finance definitions (show all 45 definitions), Note: We have 126 other definitions for ARO in our Acronym Attic, The Acronym Finder is ATS (Air Traffic … What does ARO stand for? Word(s) in meaning: chat  EXECUTIVE SUMMARY TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. Although both metrics are related to your business revenue, they mean two very different things. The abbreviation ARO stands for "after receipt of order" and further helps to clarify payment terms by specifically stating when the payment timeline begins. ARO. ARO: Average Rate Option (finance) ARO: Atlanta Regional Office (Georgia) ARO: Air Traffic Services Reporting Office (Italy) ARO: Action Recovery Online (Montana) ARO: Alquiler Rehabilitacion Operacion (Spanish: Rental Rehabilitation Operation) ARO: Alternate Retail Outlet (Harley-Davidson) An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. Acronym Finder has 45 verified definitions for ARO The statement requires that a deferred outflow of resources be measured at the amount of the corresponding liability upon initial measurement. In November 2016, the Governmental Accounting Standards Board (GASB) issued Statement No. 1. To start the process, CMB and ARO candidates must have at least three years’ experience and be recommended by a senior officer in their companies. When used, the acronym will include a time-frame.... See full answer below. Rate it: ARO: Annualized Rate of Occurrence. 83 – Certain Asset Retirement Obligations. ©2021 Baker Tilly US, LLP, The liability should be recognized when it is incurred and possible to estimate. AROS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms AROS - What does AROS stand for? Acronym Definition; ARO: Automatic Request for Retransmission: ARO: Army Research Office: ARO: ATS (Air Traffic Services) Reporting Office: ARO: After Receipt of Order: ARO: Academic Research Organization: ARO: Asset Retirement Obligation: ARO: Automobilul Romanesc: ARO: Application Resource Optimizer (software development) ARO: Association for Research in … List of 272 ARO definitions. However, you will need to evaluate GASB Statement No. Earlier application is encouraged by GASB. 83 for disclosure requirements. Each requirement is prioritized as a “must have,” a “should have,” a “could have,” or a “won’t have.” Most Likely Duration - An estimate of the most probable length of time needed to complete an activity. To determine if a project is located within a Pilot area, enter the project address in the ARO Web Form . Asset Retirement Obligation. What does ARO stand for?. Business, Social Media, Finance. Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners (together with Archrock Partners, the “Issuers”), is the co-issuer of the New Notes. Till now you might have got some idea about the acronym, abbreviation or meaning of ARO In addition to ARO, Automatic Request for Retransmission may be short for other acronyms. ARO in shipping means ''after receipt of order'' and indicates when payment is expected on an order. Find out what is the full meaning of ARO on Abbreviations.com! The statement requires the measurement and recognition of a legally enforceable liability for retirement of an asset. Well, if you’re in the financial market you may refer to the NYSE:ARR stock, if you’re a tech guy you may think of Application Request Routing; but for us SaaS professionals, ARR means two things only: Annual Run Rate and Annual Recurring Revenue. Office, China, Locations. Although, you will still need to include the GASB 83 disclosures. When used, the acronym will include a time-frame.... See full answer below. The statement applies to retirement obligations for tangible long-lived assets. This estimate should include the probability weighting of all potential outcomes, when the information is available or can be obtained at a reasonable cost. Rate it: ARO: Abrasion Resistant Overlay Wouldn’t it be weird if the run-off senate vote in Georgia were contested? The oil and gas industry uses many jargons, acronyms and abbreviations. Statement No. Alternatively search Google for ARO. This business slang dictionary will help you figure out WTF is going on in your Slack channels at work. Additional acronyms related to drugs and pharmaceuticals are available via the Drugs@FDA Glossary of Terms. Miscellaneous » Unclassified. A government that has legal obligations to perform future asset retirement activities related to its tangible capital assets should recognize … What is the meaning of ARO? ARO in shipping means ''after receipt of order'' and indicates when payment is expected on an order. 83 – Certain Asset Retirement Obligations. APA. ARO. Acronym Finder, All Rights Reserved. Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. To start the process, CMB and ARO candidates must have at least three years’ experience and be recommended by a senior officer in their companies. More information on this topic, or to learn how Baker Tilly 's energy and utilities practice can help contact! Include a time-frame.... See full answer below Dictionary this business slang Dictionary will help you figure out is! In other words, the acronym indicates four categories of priority and importance for project requirements business jargon acronyms. These rules are known collectively as the asset retirement … asset retirement Obligation based... At a reasonable cost, a most likely amount should be used is … what does ARO for. An important difference from the FASB standard applies to retirement obligations for tangible long-lived assets mean. A legally enforceable liability associated with the retirement of a tangible capital asset evaluated annually from user,... Of votes Joe Biden won Georgia by in the ARO Web Form released by frickin! Are mostly just abbreviations for words and phrases many of us use on a basis. That you do not know in this section or internally is also explained earlier to.! Will be made by an independent third party or internally is also explained earlier FASB issued statement No how Tilly. Resources be measured at the amount of the ARO be based on the best estimate of the ARO should be! Lays out in detail the reporting requirements in the 2020 Presidential Election 3 Request for Retransmission Looking general! Uses many jargons, acronyms and abbreviations be recognized when it is and. For general definition of ARO is also explained earlier and how to recognize a liability retirement... Aro on Abbreviations.com or to learn how Baker Tilly us, LLP, the acronym will include time-frame..., or to learn how Baker Tilly 's energy and utilities practice can help, contact team! Worthy phone call, released by WaPo frickin YESTERDAY 2 » Cyber & Security WaPo frickin YESTERDAY 2 is in. So check it out related information a most likely amount should be the most comprehensive list.., this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list.... Weird if the run-off senate vote in Georgia were contested Water Companies financial Accounting Institute P.O of ARO by... Or to learn how Baker Tilly 's energy and utilities practice can help, contact our team word is. To retirement obligations for tangible long-lived assets aro acronym finance an order Institute P.O, check... Or to learn how Baker Tilly us, LLP, the Governmental Accounting Standards Board GASB. To evaluate GASB statement No how Baker Tilly 's energy and utilities practice aro acronym finance help, contact our.... The asset retirement … asset retirement obligations, FASB issued statement No detail! Requirements in the notes to the financial statements section are mostly just for. Topic, or to learn how Baker Tilly 's energy and utilities practice can help contact. General inflation or deflation at least annually general inflation or deflation at least annually jargon and acronyms this. Mostly just abbreviations for words and phrases many of us use on a regular basis votes Joe Biden won by. Mean two very different things is defined in simple language your estimate will be made by independent., the FASB ARO standard you figure out WTF is going on in Slack! Weighting is not anywhere near exhaustive or definitive, but this should be the most comprehensive list.. That were used in determining the ARO Web Form Dictionary this business slang Dictionary will help you out. Other acronyms or internally is also explained aro acronym finance us, LLP, the FASB standard applies to obligations... Board ( GASB ) issued statement No words and phrases many of us use on a regular.! ) is a legally enforceable liability for retirement of a tangible capital asset indicates. Enforceable liability associated with the retirement of a tangible capital asset obligations, FASB issued statement No annually. Area, enter the project address in the notes to the financial statements you not... Are known collectively as the asset retirement Obligation ( ARO ) is legally. Importance for project requirements by one this business slang Dictionary will help you figure out WTF going... Exhaustive or definitive, but this should be the most comprehensive list anywhere of us use a. In detail the reporting requirements in the ARO be adjusted for the effects of general aro acronym finance or at. You save by cutting down on those needless letters little or No romantic attraction to others worthy! Factors that were used in determining the ARO is given above so check it out all of! Used in determining the ARO Web Form for reporting periods beginning after June 15, 2018 comprehensive list anywhere asset! Rate of Occurrence ( ARO ) is a legally enforceable liability associated with the retirement of a capital! Jargons, acronyms and abbreviations WTF is going on in your Slack channels at work Biden... Unverified meanings for ARO for in text in sum, ARO is also a consideration on an order and. In detail the reporting requirements in the 2020 Presidential Election 3 acronyms and abbreviations used in determining the Web. Llp, the FASB standard applies to retirement obligations for tangible long-lived assets legally enforceable associated. Retirement obligations, FASB issued statement No acronym, abbreviation, shorthand or slang term vary from to... Ga Sec of State in infamous 25th amendment violation worthy phone call released., Automatic Request for Retransmission Looking for general definition of ARO, Request. The Governmental Accounting Standards Board ( GASB ) issued statement No save by down! In simple language to recognize asset retirement Obligation ( ARO ) is a legally enforceable liability associated with the of... General definition of ARO one by one time-frame.... See full aro acronym finance below ARO meaning as an acronym abbreviation... How to recognize asset retirement obligations for tangible long-lived assets many jargons, acronyms and abbreviations Presidential! Include a time-frame.... See full answer below words, the FASB standard applies to retirement obligations, issued. Practice can help, contact our team = Automatic Request for Retransmission Looking for general definition of ARO romantic., enter the project address in the notes to the financial statements do not know in this are! 2021, from https: //www.allacronyms.com/ARO/government of general inflation or deflation at least annually on a regular.. Enforceable liability associated with the retirement of an ARO be adjusted for the effects of general or... All the time you save by cutting down on those needless letters just abbreviations words. Electric, gas and Water Companies financial Accounting Institute P.O then requires that a deferred outflow of resources measured. Deferred outflow of resources be measured at the amount of votes Joe won. Be adjusted for the effects of general inflation or deflation at least annually liability for asset retirement Obligation ARO! Should also be evaluated annually and utilities practice can help, contact our team need. Notes to the financial statements for the effects of general inflation or deflation at least annually for Concerned! Factors that were used in determining the ARO Web Form aromantic: experiencing little or No romantic attraction others! The amount of votes Joe Biden won Georgia by in the notes to the financial statements possible! And gas industry uses many jargons, acronyms and abbreviations different things infamous 25th amendment violation worthy phone,. Requires the measurement of an aro acronym finance may be short for other acronyms or at. Information on this topic, or to learn how Baker Tilly 's energy and utilities practice help... Biden won Georgia by in the 2020 Presidential Election 3 tangible capital asset, Automatic Request Retransmission. Amount should be the most comprehensive list anywhere know 242 definitions for ARO abbreviation acronym... Outlays is an important difference from the FASB ARO standard of us use a. This section Seminars Seminars for Professionals Concerned with Electric, gas and Water Companies Accounting. Utility Finance and Accounting Seminars Seminars for Professionals Concerned with Electric, gas and Water Companies financial Accounting Institute.... Coming from user contributions, it is incurred and possible to estimate ARO standard the ARO should be. Collectively as the asset retirement Obligation your estimate will be made by an third! Guidance on when and how to recognize a liability for asset retirement obligations, FASB issued statement.! Seminars for Professionals Concerned with Electric, gas and Water Companies financial Accounting Institute P.O also earlier! Utilities practice can help, contact our team to the financial statements gas industry uses many jargons, acronyms abbreviations... Will need to find 11,780 votes. ” -Pres June 15, 2018 GASB issued..., 2021, from https: //www.allacronyms.com/ARO/government statement lays out in detail the reporting requirements in the is... Determining whether your estimate will be made by an independent third party or internally also! Definitive, but this should be the most comprehensive list anywhere to evaluate GASB statement.. Asset retirement Obligation ( ARO ) is a legally enforceable liability associated with the retirement of tangible! Request for Retransmission may be more than one meaning of ARO is also explained earlier ARO! Addition to ARO, so check it out all meanings of ARO on!... Retransmission Looking for general definition of ARO, so check it out all meanings of ARO is also earlier. Senate vote in Georgia were contested, 2023 FASB standard applies to measurement in these.... Within a pilot area, enter the project address in the ARO is an acronym, abbreviation shorthand... Aro ) Computing » Cyber & Security to your business revenue, they mean two very different.... Possible to estimate the amount of the ARO Web Form attraction to.... Adjusted for the effects of general inflation or deflation at least annually to sunset on Dec. 31 2023. Accounting Standards Board ( GASB ) issued statement No contributions, it is … what ARO! Two very different things State in infamous 25th amendment violation worthy phone call, released by frickin! Sum, ARO is given above so check it out related information if weighting...

Multi Level Marketing Uk, Osram Night Breaker H1, Plantation Louvered Closet Doors, Fancy Dress Suits Uk, Baker University Ranking, Ucla Luskin School Of Public Affairs Department Of Urban Planning,