The article discusses accounting for the oil, gas, and mining industries and the International Accounting Standards Board (IASB). The author states that in the past the IASB has tried to establish standards for oil, gas,...
Entity A has a long-term supply contract for natural gas that is priced using a contractually specified formula that references commodities and other factors (for example, gas oil, fuel oil and other components such as transport charges). Entity A hedges the gas oil component in that supply ...
IFRS 6 were restricted to makinglimited improvements to existingaccounting practices for`explora-tion and evaluation expenditures' (E&E expenditures), specifying when entities need to assess E&E assets for impairment in accordance with IAS 36 - Impairment of Assets - and requiring certain disclosures....
US GAAP vs. IFRS The Basics: Oil and Gas 来自 掌桥科研 喜欢 0 阅读量: 12 作者:E &Amp,Young 摘要: While the convergence of US GAAP and IFRS continues to be a high priority on the agendas ofboth the US Financial Accounting Standards Board (FASB) and the International Accounting Standards...
namelyfull-cost oil and gas accounting anddetermining whether an arrangementcontains a leaseEffective date per IASB annual periods beginning on or afterJanuary 1, 2004; restructured versioneffective for annual periods beginning onor after July 1, 2009; 2009 additionseffective for annual periods beginning...
exploration for and evaluation of mineral resources: The search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and ...
ifrs_practical_guide_oil_gas_国际财务报告准则实务指南.Image.Marked.pdf,Practical guide to IFRS New guidance on accounting for joint arrangements – a significant issue for the Oil Gas sector A new standard on accounting for joint Venture partners account
Oil and gas Audit OfficeTokyo, Japan Kan is an active leading member of a dedicated team that provides International Financial Reporting Standards (IFRS)-related services in EY Japan. In addition to support relating to accounting standards for companies using IFRS, he shares the latest IFRS trends...
We address these issues by analyzing a sample of 286 public firms in the EU that operate in particular industries, i.e. the oil-and-gas production, petroleum, chemical, communications, healthcare, and airline transportation, during the period 2016–2019 for a total of 1144 firm-year observatio...
These are most frequently seen in the mining, oil and gas and power generation industries although they appear elsewhere as well. They are usually associated with long-lived assets. How does it work in practice in VIU? The recoverable amount of the asset is determined under the VIU cash flow...