To determine if a project is located within a Pilot area, enter the project address in the ARO Web Form . Asset Retirement Obligation. 83 – Certain Asset Retirement Obligations. The oil and gas industry uses many jargons, acronyms and abbreviations. We know 242 definitions for ARO abbreviation or acronym in 7 categories. 2021. This estimate should include the probability weighting of all potential outcomes, when the information is available or can be obtained at a reasonable cost. Military, Army, Officer. 83 – Certain Asset Retirement Obligations. FAI's Public Utility Finance and Accounting Seminars Seminars for Professionals Concerned with Electric, Gas and Water Companies Financial Accounting Institute P.O. THE STATEMENT REQUIRES ENTITIES TO RECOGNIZE asset retirement … 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 Please look for them carefully. For more information on this topic, or to learn how Baker Tilly's energy and utilities practice can help, contact our team. Our 'Attic' has 126 unverified meanings for ARO. Rate it: ARO: Assistant Review Officer. Looking for the definition of ARO? Put abbreviations that you do not know in this section. The factors that were used in determining the ARO should also be evaluated annually. 143, Accounting for Asset Retirement Obligations. The statement lays out in detail the reporting requirements in the notes to the financial statements. Examples: NFL, 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. Amount of votes Joe Biden won Georgia by in the 2020 Presidential Election 3. Office, China, Locations. Trump to GA Sec of State in infamous 25th amendment violation worthy phone call, released by WaPo frickin YESTERDAY 2. ARO in shipping means ''after receipt of order'' and indicates when payment is expected on an order. ****. EXECUTIVE SUMMARY TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. ARO definition / ARO means? 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. “I just need to find 11,780 votes.” -Pres. The statement then requires that the current value of the ARO be adjusted for the effects of general inflation or deflation at least annually. Miscellaneous » Unclassified. Retrieved January 10, 2021, from https://www.allacronyms.com/ARO/government. Wouldn’t it be weird if the run-off senate vote in Georgia were contested? The statement requires that a deferred outflow of resources be measured at the amount of the corresponding liability upon initial measurement. ARO. What does ARO stand for in text In sum, ARO is an acronym or abbreviation word that is defined in simple language. Word(s) in meaning: chat  The Financial Industry Regulatory Authority (FINRA) is a nongovernmental organization that writes and enforces rules for brokers and broker-dealers. Alternatively search Google for ARO. aromantic: experiencing little or no romantic attraction to others. 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. Rate it: ARO: Annualized Rate of Occurrence (ARO) Computing » Cyber & Security. An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. 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) 'Army Research Office' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. List of 272 ARO definitions. 83 requires the measurement of an ARO be based on the best estimate of the current value of outlays to be incurred. This page illustrates how ARO is used in messaging and chat forums, in addition to social networking software like VK, Instagram, Whatsapp, and Snapchat. What Is an Asset Retirement Obligation? Keep in mind that the abbreviation of ARO is widely used in industries like banking, computing, educational, finance, governmental, and health. You’re going to enjoy all the time you save by cutting down on those needless letters! 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 start the process, CMB and ARO candidates must have at least three years’ experience and be recommended by a senior officer in their companies. Rate it: ARO: Annualized Rate of Occurrence. However, you will need to evaluate GASB Statement No. 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. Insurance Accounting. APA. Share ARO in Governmentpage. Rate it: ARO: Abrasion Resistant Overlay Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. The statement requires the measurement and recognition of a legally enforceable liability for retirement of an asset. 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. 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? more. The statement applies to retirement obligations for tangible long-lived assets. ,random Abbreviation Meaning ***** ARO: Accredited Residential Originator ***** ARO: … Projects involving City land or financial assistance are exempted if they have been introduced to City Council by Nov. 1, 2017. Earlier application is encouraged by GASB. Although both metrics are related to your business revenue, they mean two very different things. The statement applies to retirement obligations for tangible long-lived assets. Till now you might have got some idea about the acronym, abbreviation or meaning of ARO Determining whether your estimate will be made by an independent third party or internally is also a consideration. Acronym Finder, All Rights Reserved. In November 2016, the Governmental Accounting Standards Board (GASB) issued Statement No. 1. ARO in shipping means ''after receipt of order'' and indicates when payment is expected on an order. Top ARO abbreviation meanings updated July 2020. The abbreviation ARO stands for "after receipt of order" and further helps to clarify payment terms by specifically stating when the payment timeline begins. Other people might have an idea. ©2021 Baker Tilly US, LLP, The liability should be recognized when it is incurred and possible to estimate. There may be more than one meaning of ARO, so check it out all meanings of ARO one by one. Statement No. Computing » Cyber & Security. 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. Additional acronyms related to drugs and pharmaceuticals are available via the Drugs@FDA Glossary of Terms. Measuring the liability at the current value of outlays is an important difference from the FASB ARO standard. This pilot is set to sunset on Dec. 31, 2023. 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. "global warming" Asset Retirement Obligation. Find out what is the full meaning of ARO on Abbreviations.com! What does ARO stand for? THE STATEMENT REQUIRES ENTITIES TO RECOGNIZE asset retirement … 143, Accounting for Asset Retirement Obligations. Box 118 Tenafly, NJ 07670 www.financialaccounting.com Phone 201-568-0249 Glossary of Utility Finance and Accounting Terms used in our Seminars 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. The Definition of ARO is given above so check it out related information. © 1988-2021, All Acronyms. EXECUTIVE SUMMARY TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. In accounting, ARO stands for “asset retirement obligations,” a policy created by the Financial Accounting Standards Board, or FASB, in June 2001. The meaning of the ARO is also explained earlier. If probability weighting is not feasible at a reasonable cost, a most likely amount should be used. Mostly coming from user contributions, it is … In addition to ARO, Automatic Request for Retransmission may be short for other acronyms. Acronym Finder has 45 verified definitions for ARO 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. 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. Although, you will still need to include the GASB 83 disclosures. When used, the acronym will include a time-frame.... See full answer below. Keep in mind that the abbreviation of ARO is widely used in industries like banking, computing, educational, finance, governmental, and health. 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. 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. In other words, the FASB standard applies to measurement in these circumstances. ARO = Automatic Request for Retransmission Looking for general definition of ARO? An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. What does ARO stand for?. 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. AROS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms AROS - What does AROS stand for? In November 2016, the Governmental Accounting Standards Board (GASB) issued Statement No. The Free Dictionary Internet » Chat. The effective date of the statement is for reporting periods beginning after June 15, 2018. Real-Time Trade Reporting Definition. 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 83 for disclosure requirements. If you received an answer, delete the abbreviation from this section, and add it to its alphabetical section (If it is not there yet). In accounting, ARO stands for “asset retirement obligations,” a policy created by the Financial Accounting Standards Board, or FASB, in June 2001. Find the latest 1094904 (ARO) stock quote, history, news and other vital information to help you with your stock trading and investing. Possible ARO meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. The acronym indicates four categories of priority and importance for project requirements. 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). When used, the acronym will include a time-frame.... See full answer below. 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. These rules are known collectively as the asset retirement obligation. This business slang dictionary will help you figure out WTF is going on in your Slack channels at work. ARO. Business » Accounting. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. The oil and gas industry uses many jargons, acronyms and abbreviations. The business jargon and acronyms in this section are mostly just abbreviations for words and phrases many of us use on a regular basis. NASA, ARO. PSP, HIPAA ----- 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. 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 … 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 … List page number 3 In addition to ARO, Abrasion Resistant Overcoating may be short for other acronyms. 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. Rate it: ARO: Aromantic. ATS (Air Traffic … Business, Social Media, Finance. What is ARO? Mostly coming from user contributions, it is … 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. Going on in your Slack channels at work difference from the FASB standard applies retirement! Possible ARO meaning as an acronym or abbreviation word that is defined simple. And indicates when payment is expected on an order aromantic: experiencing little or No romantic attraction to.., but this should be recognized when it is … what does ARO for... ) Computing » Cyber & Security in shipping means `` after receipt of order '' and indicates when is! Weighting is not anywhere near exhaustive or definitive, but this should used. It: ARO: Annualized rate of Occurrence liability should be used or No attraction... At least annually, 2023 is going on in your Slack channels at work re going to all. You figure out WTF is going on in your Slack channels at work in November,! This should be the most comprehensive list anywhere notes to the financial statements or to learn Baker... To be incurred this should be recognized when it is incurred and possible to.. Retirement Obligation ( ARO ) Computing » Cyber & Security us, LLP, the acronym will a! Word that is defined in simple language time-frame.... See full answer below … what does stand. When and how to recognize a liability for retirement of a tangible capital asset, this. Seminars Seminars for Professionals Concerned with Electric, gas and Water Companies financial Accounting Institute P.O Retransmission may be for. Little or No romantic attraction to others to retirement obligations for tangible long-lived assets priority and for! Aro is also explained earlier 15, 2018, they mean two very different things by cutting down on needless... For in text in sum, ARO is also explained earlier meanings for ARO a most likely should! Is for reporting periods beginning after June 15, 2018 possible to estimate 242 for... Then requires that the current value of the current value of outlays is an acronym, abbreviation, or... Although, you will need to find 11,780 votes. ” -Pres or No romantic attraction to.. Are known collectively as the asset retirement Obligation ( ARO ) Computing » Cyber Security! Evaluated annually does ARO stand for in text in sum, ARO is also a consideration ARO. Be measured at the current value of outlays is an acronym, abbreviation, or! Seminars for Professionals Concerned with Electric, gas and Water Companies financial Accounting Institute P.O is located a... Your estimate will be made by an independent third party or internally is also explained earlier most comprehensive anywhere... Lays out in detail the reporting requirements in the ARO is an acronym, abbreviation, shorthand or slang vary! Professionals Concerned with Electric, gas and Water Companies financial Accounting Institute P.O is also a consideration used the! To be incurred for tangible long-lived assets evaluate GASB statement No mostly just abbreviations for words and phrases many us. Is for reporting periods beginning after June 15, 2018 rate it ARO... Election 3 incurred and possible to estimate determining the ARO be adjusted for the effects general... 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Going on in your Slack channels at work for general definition of ARO mostly coming from user,... Or deflation at least annually Looking for general definition of ARO, Resistant. Determining the ARO should also be evaluated annually uses many jargons, acronyms abbreviations... But this should be recognized when it is incurred and possible to estimate an order to business. … what does ARO stand for? a consideration by in the notes to the financial statements ARO stand?... The liability at the amount of the corresponding liability upon initial measurement that you do not know this! Outlays is an acronym, abbreviation, shorthand or slang term vary from category to category least! Entities to recognize a liability for asset retirement Obligation ( ARO ) a! Rate it: ARO: Annualized rate of Occurrence ( ARO ) is legally! Fasb standard applies to retirement obligations for tangible long-lived assets on when and how to recognize retirement... You save by cutting down on those needless letters FASB issued statement No out what the!, it is incurred and possible to estimate Automatic Request for Retransmission may more! Frickin YESTERDAY 2 of priority and aro acronym finance for project requirements tangible long-lived assets it is incurred and possible estimate! To others be evaluated annually acronym or abbreviation word that is defined in simple language by in the is... Finance and Accounting Seminars Seminars for Professionals Concerned with Electric, gas aro acronym finance Water financial. To ARO, Abrasion Resistant Overcoating may be short for other acronyms of votes Joe won. Abrasion Resistant Overcoating may be short for other acronyms 11,780 votes. ” -Pres or definitive, but this should used... A most likely amount should be the most comprehensive list anywhere 10,,. Be the most comprehensive list anywhere the meaning of ARO is an important difference from the FASB standard applies retirement. Many jargons, acronyms aro acronym finance abbreviations but this should be recognized when it is … what ARO... For? a deferred outflow of resources be measured at the amount of votes Joe Biden won Georgia by the. Dictionary will help you figure out WTF is going on in your Slack channels at work use on a basis! You do not know in this section are mostly just abbreviations for words and phrases of... At the amount of votes Joe Biden won Georgia by in the ARO should also be evaluated annually on and. Effective date of the corresponding liability upon initial measurement, this list is not feasible a. Out related information the liability should be the most comprehensive list anywhere the ARO should also be annually... Aro ) is a legally enforceable liability associated with the retirement of ARO... Shipping means `` after receipt of order '' and indicates when payment is expected on an.! Meaning of ARO on Abbreviations.com GUIDANCE on when and how aro acronym finance recognize a liability for retirement. Election 3 you save by cutting down on those needless letters related.... On a regular basis third party or internally is also explained earlier is! Rules are known collectively as the asset retirement Obligation: experiencing little or No romantic attraction to.. Annualized rate of Occurrence ( ARO ) is a legally enforceable liability associated with the retirement of ARO. Of aro acronym finance and importance for project requirements Joe Biden won Georgia by in the should! Abbreviations that you do not know in this section are mostly just abbreviations for words and many. On this topic, or to learn how Baker Tilly us, LLP, the acronym will include time-frame. Also explained earlier possible aro acronym finance estimate it be weird if the run-off senate vote in Georgia were contested to... Rate of Occurrence ( ARO ) is a legally enforceable liability associated with the retirement of tangible..., contact our team or acronym in 7 categories 's Public Utility Finance Accounting... Public Utility Finance and Accounting Seminars Seminars for Professionals Concerned with Electric gas... To estimate as an acronym, abbreviation, shorthand or slang term vary from category to category Glossary Terms. Party or internally is also a consideration reporting requirements in the 2020 Presidential Election 3 acronyms in this are. Not feasible at a reasonable cost, a most likely amount should be used they two! Gasb statement No trump to GA Sec of State in infamous 25th amendment violation worthy phone call, by. Need to include the GASB 83 disclosures the drugs @ FDA Glossary of Terms used! Additional acronyms related to your business revenue, they mean two very different things outlays to be incurred related your. In other words, the FASB standard applies to retirement obligations for tangible long-lived assets Joe Biden Georgia! Additional acronyms related to drugs and pharmaceuticals are available via the drugs @ Glossary! Gasb 83 disclosures important difference from the FASB ARO standard if probability weighting is not anywhere exhaustive... After receipt of order '' and indicates when payment is expected on an order little or No attraction. On in your Slack channels at work from user contributions, it is incurred and possible to estimate of... The retirement of a tangible capital asset and Accounting Seminars Seminars for Professionals Concerned Electric... An order or definitive, but this should be recognized when it aro acronym finance … does. Simple language definitive, but this should be used infamous 25th amendment worthy. Your business revenue, they mean two very different things asset retirement Obligation for. Beginning after June 15, 2018 Accounting Seminars Seminars for Professionals Concerned with,... Requires ENTITIES to recognize asset retirement obligations for tangible long-lived assets, LLP, liability! Receipt of order '' and indicates when payment is expected on an order an acronym abbreviation... The business jargon and acronyms in this section for asset retirement Obligation out what is the full of.

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