If probability weighting is not feasible at a reasonable cost, a most likely amount should be used. Although both metrics are related to your business revenue, they mean two very different things. Computing » Cyber & Security. The statement applies to retirement obligations for tangible long-lived assets. Business, Social Media, Finance. 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. Rate it: ARO: Annualized Rate of Occurrence (ARO) Computing » Cyber & Security. Retrieved January 10, 2021, from https://www.allacronyms.com/ARO/government. In November 2016, the Governmental Accounting Standards Board (GASB) issued Statement No. Examples: NFL, To determine if a project is located within a Pilot area, enter the project address in the ARO Web Form . Find the latest 1094904 (ARO) stock quote, history, news and other vital information to help you with your stock trading and investing. Alternatively search Google for ARO. 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 in shipping means ''after receipt of order'' and indicates when payment is expected on an order. These rules are known collectively as the asset retirement obligation. 83 requires the measurement of an ARO be based on the best estimate of the current value of outlays to be incurred. 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. ARO. Our 'Attic' has 126 unverified meanings for ARO. Amount of votes Joe Biden won Georgia by in the 2020 Presidential Election 3. ,random ----- 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) … Top ARO abbreviation meanings updated July 2020. Office, China, Locations. Projects involving City land or financial assistance are exempted if they have been introduced to City Council by Nov. 1, 2017. Mostly coming from user contributions, it is … What does ARO stand for? 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. The statement applies to retirement obligations for tangible long-lived assets. The statement requires that a deferred outflow of resources be measured at the amount of the corresponding liability upon initial measurement. Rate it: ARO: Aromantic. Other people might have an idea. 'Army Research Office' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 143, Accounting for Asset Retirement Obligations. What does ARO stand for?. more. An Asset Retirement Obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. Till now you might have got some idea about the acronym, abbreviation or meaning of ARO THE STATEMENT REQUIRES ENTITIES TO RECOGNIZE asset retirement … 83 – Certain Asset Retirement Obligations. 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. 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. Wouldn’t it be weird if the run-off senate vote in Georgia were contested? Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. 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. 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. “I just need to find 11,780 votes.” -Pres. 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. 1. Please look for them carefully. All Acronyms. Find out what is the full meaning of ARO on Abbreviations.com! Earlier application is encouraged by GASB. The Free Dictionary This estimate should include the probability weighting of all potential outcomes, when the information is available or can be obtained at a reasonable cost. 2021. AROS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms AROS - What does AROS stand for? 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. Keep in mind that the abbreviation of ARO is widely used in industries like banking, computing, educational, finance, governmental, and health. 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