Hydrocarbon exploration costs accounting (international practices)
About authors
- 1 — National Mineral Resources University (Mining University)
- 2 — National Mineral Resources University (Mining University)
Abstract
The International Accounting Standards Board issued International Financial Reporting Standard (IFRS) 6 «Exploration for and Evaluation of Mineral Resources». The standard applied to companies engaged in exploration for and evaluation of oil and gas and mineral resources. The article covers to problems of impairment of these assets. How ever for oil and gas industry is the most popular are USA and Britain standards of financial accounting (GAAP USA and GAAP UK). The article concerns questions of capitalization of expenses for exploration and evaluation of mineral resources of comparison according to the IFRS and GAAP USA.
References
- Международные стандарты финансовой отчетности. М., 1999.
- Райт Ш. Финансовый и бухгалтерский учет в международных нефтегазовых компаниях / Ш.Райт, Р.Галлан. М., 2007.
- Тарабаринова Т.А. Капитализация расходов на разведку и оценку минеральных ресурсов: проблемы учета // Бухгалтерский учет, анализ и аудит: история, современность и перспективы развития. СПб, 2009.
- Чая В.Т. Особенности учета в нефтегазовых компаниях // Аудит и финансовый анализ, 2010. № 1.
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