TAILIEUCHUNG - Lecture IFRS primer international GAAP basics: Chapter 12 - Wiecek, Young

Chapter 12 - Exploration for and evaluation of mineral resources: IFRS 6. The main contents of the chapter consist of mains parts: Related standards, IFRS 6, current GAAP comparisons, IFRS financial statement examples, looking ahead, end-of-chapter practice. | Lecture IFRS primer international GAAP basics Chapter 12 - Wiecek Young Exploration for and Evaluation of Mineral Resources IFRS 6 Wiecek and Young IFRS Primer Chapter 12 Exploration for and Evaluation of Mineral Resources Related standards IFRS 6 Current GAAP comparisons IFRS financial statement disclosures Looking ahead End-of-chapter practice 2 Related Standards FAS 144 Accounting for the impairment or disposal of long-lived assets FAS 69 Disclosures about oil and gas producing activities FAS 25 Amendment of FASB Statement No. 19 FAS 19 Financial accounting by oil and gas producing companies 3 Related Standards IAS 8 Accounting policies changes in accounting estimates and errors IAS 16 Property plant and equipment IAS 36 Impairment of assets IAS 37 Provisions contingent liabilities and contingent assets IAS 38 Intangible assets 4 IFRS 6 - Overview Objective and scope Recognition and measurement of exploration and evaluation assets Impairment Disclosure 5 IFRS 6 Objective and Scope IFRS 6 is limited to the accounting for and reporting of costs associated only with the exploration and evaluation of mineral resources. These activities are defined as - the search for mineral resources after the entity has obtained legal rights to explore in a specific area and - the determination of the technical feasibility and commercial viability of extracting the mineral resource. 6 IFRS 6 Objective and Scope IFRS 6 is an interim measure pending completion of a major project on extractive activities. Permits continuation of accounting policies used prior to adoption of IFRS Accounting policies may be inconsistent with IFRS Framework 7 IFRS 6 Recognition and Measurement of Exploration and Evaluation Assets Recognition - Companies use a variety of methods to account for exploration and evaluation activities from expensing all related costs to fully capitalizing them - Therefore exploration and evaluation assets are defined in terms of the policy each company chooses 8 IFRS 6 .

• Kế toán - Kiểm toán
• International Financial Reporting Standards
• Non financial assets
• Reporting basics
• Financial assets
• Reporting entity
• Evaluation of mineral resources
• Financial accounting
• Financial reporting
• Financial reporting standards
• Merchandising operations
• Internal control
• Financial statements
• Stockholders’ equity
• Financial statement analysis
• International financial reporting
• Conceptual framework
• Financial position
• Globalization trend
• International Accounting Standards Board
• Employee benefits
• Revenue recognition
• Including construction contracts
• government grants
• Foreign currency
• Accounting standards worldwide
• Wiley IFRS 2013
• International Financial Reporting Standard
• Tiêu chuẩn báo cáo tài chính quốc tế
• Accounting policies
• Financial liabilities
• Interim financial reports
• Interim financial reporting
• Summary of dissertation
• International financial reporting standards adoption
• Vietnamese enterprises
• IFRS standards in Vietnamese enterprises
• Application of IFRS standards
• Accounting standards
• Financial statement
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• Financial reporting under IFRS
• International trends
• Financial instruments
• Share based payments
• Standards applicable
• IFRS financial statement
• Separate financial statements