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IFRS 6: Oil, Gas, Mining, And Other Extractive Industries

IFRS 6 Oil, Gas, Mining and other Industries CPE Course

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPD credit (Verifiable) for CPA/ABV

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Qualitative characteristics
    4 mins
  • Assets
    17 mins
  • Resources industry O&G/Gas/Mining
    36 mins
  • Impairment / Revaluation
    51 mins
  • Foreign currency
    71 mins
  • IFRS 6 effects
    86 mins

Course Description

Extractive industries, involved in the exploration and extraction of mineral resources, including oil, gas, minerals, and similar non-regenerative resources, have unique accounting and reporting issues, particularly in regards to the evaluation of assets, revenues and expenditures.

IFRS Standard #6 requires that companies that have assets used for exploration and evaluation of mineral resources must issue IFRS-compliant financial statements.

Key topics covered in this Accounting CPE webinar

  • Know the deadlines for adoption requirements of IFRS standard #6.
  • Understand what will change and what will not change.
  • Learn the process for the evaluation of resource assets.
  • Appreciate how revenues and expenditures are measured.
  • Be familiar with impairment testing.
  • Be aware of what additional disclosures are required.
  • Review special financial statement presentation.

Learning Objectives

  • To review the financial reporting requirements as per IFRS Standard #6.
  • To analyze the various disclosure requirements.
  • To identify the valuation methods for assets and liabilities.
  • To identify the amount to be recognized for income and expense.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Assistant Controllers
  • Auditors
  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Director of Financial Reporting
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

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HT

The material covered by this course is quite extensive and would merit more time , the course provided a very high level explanation of mining relevant IFRS and IAS , also I though it would cover IFRS 20 Capitalization of waste removal cost which is quite particular to the mining industry but it was not part of the course.