...BACKGROUND P&C, Inc (PC) operations occasionally result in contaminated soil at the company’s US based factories. PC company policy allows contamination cleanup when required by environmental legislation. The company also needs to install smoke filtering systems before the law is instituted early next year. PC is concerned with the financial accounting treatment for two environmental issues: (a) environmental cleanup, and (b) smoke filter installation for year 20x2. Both issues, if not resolved, could lead to legal action against PC if not followed by a prescribed date. The Company needs to determine if the contaminated soil and smoke filter requirement should be disclosed on the financial statements as an asset retirement obligation, loss contingency, or an environmental obligation. APPLICABLE AUTHORITATIVE LITERATURE FASB Accounting Standards Codification (ASC) 410 Asset Retirement and Environmental Obligations FASB Accounting Standards Codification (ASC) 450 Contingencies DISCUSSION OF ALTERNATIVES The following section will address the alternative treatments accounting for both the remedial action and smoke filtration system under US GAAP. Recording both issues as a loss contingency will be discussed first, followed by soil contamination as environmental remediation, then applying the asset retirement obligation treatment for pollution from normal operations. Alternative 1: Contaminated Soil and Smoke Filter Disclose both environmental issues...
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...Marco Crespo Professor Joyce Martin En12 07 February, 2014 Phytoremediation: Seeing Through a Beneficial Solution An accident happened on April 26, 1986, when a unexpected surge of power during a system test destroyed unit 4 of the nuclear power station at Chernobyl in Ukraine, former Soviet Union. A devastating amount of radioactive material was released into the environment. 30 kilometres around the plant around the plant was closed after the accident. About one hundred fifteen thousand people were evacuated around 1986 and in the following years, about two hundred thousand more were also forced to vacate. Sadly, the problem did not end there. Three years after the incident, the International Atomic Energy Agency (IAEA) assessed the situation around the Chernobyl. Toxic metals and radioactive emission like iodine, cesium-137, plutonium and strontium were found in the plants, soil and even animals. Ever since 1991, the Canadian Nuclear Association also noted that there is a sudden increase in the rate of thyroid cancer. This is happened because cesium-137 or radioactive cesium, with a mass number of 137, has the capability to enter the food chain and can be delivered around an internal dosage of radiation before it can be metabolically eliminated. To prevent this from spreading, livestock were only fed plants that are uncontaminated or plants that cannot accumulate heavy metals. After that, a method was introduced to clean the soil from the toxins. This is called...
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...SOIL ECOLOGY AND BIOREMIDIATION Faculty of Engineering and Architecture CIVE 652-Environmental biotechnology By: Contents INTRODUCTION 3 SOIL MICROORGANISMS 3 Bacteria and Actinomycetes 3 Protozoa 3 Algae 4 Fungi 4 Macrofauna and Mesofauna 4 SOIL UNDER OXIC AND ANOXIC CONDITIONS 4 SOIL CYCLES 5 Carbon Cycle 5 Nitrogen Cycle 6 Sulfur Cycle 7 SOIL POLLUTION 7 Main Causes of Soil Pollution: 7 Main Effects of Soil Pollution: 7 SOIL BIOREMEDIATION 8 EX SITU REMEDIATION TECHNIQUES 8 EX SITU NON-BIOLOGICAL REMEDIATION TECHNIQUES 9 1) Ex situ thermal processes 9 2) Ex situ chemical/physical remediation ( Soil scrubbing ) 9 EX SITU BIOLOGICAL REMEDIATION TECHNIQUES 9 1) Composting 10 2) Land farming 11 3)Biopiling ( Heap technique) 12 4) Bioslurry reactor 13 IN SITU REMEDIATION TECHNIQUES 13 IN SITU BIOLOGICAL REMEDIATION TECHNIQUES 14 1) Bioventing 14 2) Biosparging 15 3) Bioaugmentation: 15 4)Biostimulation 15 4) Bioslurping : 16 5) Phytoremediation 16 IN SITU NON-BIOLOGICAL REMEDIATION TECHNIQUES 16 1) In situ thermal processes 16 2) In situ chemical/physical process: Pump and treat processes 16 INFLUENCING FACTORS 16 CONCLUSION 17 Table of figures: Figure 1. Soil microorganisms pie chart 3 Figure 2. Acquisition of phosphate by Mycorrhizal roots………………………………...3 Figure 3. Mycorrhizal roots……………………………………………………………….4 Figure 4. Carbon Cycle 5 Figure 5. Nitrogen Cycle 6 Figure...
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...Bioremediation Methodologies Summer Teeters COM/172 June 23, 2014 Sherry Howard Salois Bioremediation Methodologies What is bioremediation? According to the Gale Encyclopedia of Science (2008), bioremediation is any process that purifies an environment polluted by organic or inorganic contaminants with the utilization of microorganisms or other such creatures. Intensive industrialization and inadequate disposal of organic and inorganic compounds have brought about long-term persistent sources of contamination of our environment. This is a major environmental, policy and health issue facing numerous countries today. Current methods for remediation of polluted environments incorporate chemical and physical remediation, incineration and bioremediation. These conventional physicochemical methodologies are for the most part costly and the remediation process is frequently incomplete. However, since its first commercialized use in the 1970s, experts in the environmental field claim that bioremediation has proven itself to be an economically viable and socially acceptable process to remove hazardous wastes from our environment (Cummings, 2010). In the ever-growing bioremediation field, recent advancements in technology have helped develop new methods of removing contaminants from soil more efficiently and cost effectively. The three primary methods of bioremediation incorporate the utilization of microbes, plants and enzymatic remediation. Every one of these three methods...
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...Bioremediation is the use of microorganism metabolism to remove pollutants. Technologies can be generally classified as in situ or ex situ. In situ bioremediation involves treating the contaminated material at the site, while ex situ involves the removal of the contaminated material to be treated elsewhere. Some examples of bioremediation technologies are phytoremediation, bioventing, bioleaching, landfarming, bioreactor, composting, bioaugmentation, rhizofiltration, and biostimulation. Bioremediation can occur on its own (natural attenuation or intrinsic bioremediation) or can be spurred on via the addition of fertilizers to increase the bioavailability within the medium (biostimulation). Recent advancements have also proven successful via the addition of matched microbe strains to the medium to enhance the resident microbe population's ability to break down contaminants. Microorganisms used to perform the function of bioremediation are known as bioremediators.[1] Not all contaminants, however, are easily treated by bioremediation using microorganisms. For example, heavy metals such as cadmium and lead are not readily absorbed or captured by organisms. The assimilation of metals such as mercury into the food chain may worsen matters. Phytoremediation is useful in these circumstances because natural plants or transgenic plants are able to bioaccumulate these toxins in their above-ground parts, which are then harvested for removal.[2] The heavy metals in the harvested biomass...
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...the use of biological systems and bioremediation to degrade, modify, move, transform or sequester environmental contaminants. Traditional methods of remediation include chemical and physical processing and are often plagued with problems such as the creation of toxic bi-products and environmental damage. Bioremediation of a site offers the advantages of lower costs, environmental soundness, insitu or exsitu solutions, higher aesthetics, and increased public acceptance. The following will focus on how microorganisms can be used and manipulated to remediate various sites of environmental contaminants. Bioremediation Definition Bioremediation is the use of microbes, fungi or plants to remove toxic contaminants from a site. This can be accomplished in situ or ex situ. In situ bioremediation involves remediating the contaminant at the site of contamination. In situ remediation requires extensive monitoring to ensure the success of the remediation effort and to control environmental impacts. Ex situ remediation involves removing the contaminants from the site and treating them at a processing location in a bioreactor. While this method may be more financially and environmentally costly, it allows more control over the remediation process. This includes setting growth conditions in the reactor and choosing foreign or engineered microbes that may be more efficient at remediating than native organisms. Advantages Interest in bioremediation has increased in recent years as...
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...ENVIRONMENTAL RESPONSE DIVISION DESIGN, O & M UNIT FUNDAMENTAL PRINCIPLES OF BIOREMEDIATION (An Aid to the Development of Bioremediation Proposals) APRIL 1998 S:\CP\BIOREM\NEW_BIO.DOC TABLE OF CONTENTS Foreword ----------------------------------------------------------------------------------------------------------------------- iv I. INTRODUCTION --------------------------------------------------------------------------------------- 1 II. POTENTIAL ADVANTAGES AND DISADVANTAGES OF BIOREMEDIATION TECHNOLOGIES ------------------------------------------------------------------------------------------- 2 III. IV. A. B. C. D. E. PRESUMPTIVE EVIDENCE FOR BIOREMEDIATION ----------------------------------- 3 GLOSSARY OF TERMINOLOGY -------------------------------------------------------------- 3 Intrinsic Bioremediation --------------------------------------------------------------------------------------------- 4 Engineered Bioremediation ----------------------------------------------------------------------------------------- 4 Combination of Technologies-------------------------------------------------------------------------------------- 4 In Situ Bioremediation ------------------------------------------------------------------------------------------------ 4 Ex Situ Bioremediation ----------------------------------------------------------------------------------------------- 4 V. MICROBIAL ECOLOGY -----------------------------------------------------------------------------...
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