IFRS Developments for Mining & Metals: Accounting for waste removal costs
ثبت نشده
چکیده
The IFRS Interpretations Committee (the Committee) has finally issued its Interpretation on accounting for waste removal costs IFRIC Interpretation 20 – Stripping Costs in the Production Phase of a Surface Mine (the Interpretation). This Interpretation is effective for annual periods beginning on or after 1 January 2013. Entities will be required to apply its requirements for production phase stripping costs incurred from the start of the earliest comparative period presented – which means many entities will need to start tracking the impacts of the Interpretation from at least 1 January 2012.
منابع مشابه
IFRS or IFRS-Based Domestic Standards: Implications for China’s Future Accounting System
People’s Republic of China has a long history of accounting and accounting reforms. This study focuses on “whether China should continue its IFRS-based domestic accounting standards or full convergence with the IFRS is more appropriate”? Both quantitative and qualitative approaches are applied to answer the research question of this work. Binary choice model has been used in the statistical ana...
متن کاملIranian GAAP and IFRS: The history and current status of IAS/IFRS convergence process in Iran
This study attempts to compare and highlight the major differences between International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) with National Accounting Standards (NAS) in one of the developing nations, Iran. Over the past two decades, the Iranian accounting standards setter, Audit Organization, has decided to eliminate the differences between IFRS and...
متن کاملHeavy Metals Removal from Sewage Sludge and Municipal Solid Waste (MSW) by Co-Composting Process
Background & Aims of the Study: One of the most important pollutants in drinking water, air and soils is heavy metals. It is very harmful for humans and other live organisms. The purpose of this study was the usage of a co-composting process for removal of heavy metals from municipal solid waste and sewage sludge. Materials and Methods: This experimental study was a condu...
متن کاملThe value relevance of accounting disclosures among listed Nigerian firms: IFRS adoption
This study determined the value relevance of assets and liabilities after the adoption of IFRS among listed Nigerian firms. Ohlson Model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. A sample of 126 firms listed in Nigeria stock market is used for the study. Data is co...
متن کاملEuropean Accounting Harmonisation: Consequences of IFRS Adoption on Trade in Goods and Foreign Direct Investments
This paper focuses on the importance of accounting harmonisation on foreign activities at a macroeconomic level. International Financing Reporting Standards (IFRS) adoption is considered to reduce information costs among countries and is, therefore, an important way to encourage international trade in goods and investments. The fixed-effects vector decomposition (FEVD) procedure is used to esti...
متن کامل