Newest Financial Reporting In The Oil And Gas Industry Exploration And Evaluation Assets

Information of Newest Financial Reporting In The Oil And Gas Industry Exploration And Evaluation Assets and other exploration and evaluation assets

Newest Financial Reporting In The Oil And Gas Industry Exploration And Evaluation Assets exploration and evaluation assets Financial reporting in the oil and gas industry International Financial Reporting Standards exploration evaluation development and production of oil and gas continues 2 3 5 Subsequent measurement of E E assets 21 2 3 6 Reclassi cation out of E E under IFRS 6 21 exploration and evaluation assets IFRS 6 Exploration for and Evaluation of Mineral Resources IFRS 6 Exploration for and Evaluation of Mineral Resources Last updated March 2020 This communication contains a general overview of the topic and is current as of March 31 2020 The application of the principles addressed will depend upon the particular facts and circumstances of Financial reporting in the mining industry International in the mining industry International Financial Reporting Standards 6th edition International Financial Reporting Standards IFRS provide the basis for financial reporting to the capital markets in an about specific guidance for exploration evaluation development and production of International Financial Reporting Standards IFRS Exploration and evaluation assets shall be measured at cost at recognition The following are examples of expenditures that might be included in the initial measurement of exploration and evaluation assets the list is not exhaustive acquisition of rights to explore topographical geographical geochemical and geophysical studies Exploration for and Evaluation of Mineral Resources 8 Exploration and evaluation assets shall be measured at cost Elements of cost of exploration and evaluation assets 9 An entity shall determine an accounting policy specifying which expenditures are recognised as exploration and evaluation assets and apply the policy consistently In making this determination an entity considers ifrs 6 pdf, ifrs 6 summary, ifrs 6, ifrs 6 full text, ifrs 6 pwc, mineral exploration and evaluation pdf, mineral resource evaluation article, difference between assessment and measurement, ifrs 6 pdf, ifrs 6 summary, ifrs 6, ifrs 6 full text, ifrs 6 pwc, mineral exploration and evaluation pdf, mineral resource evaluation article, difference between assessment and measurement,

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