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

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Course Description
Course Qualification
Presenter
FAQ

Course Description

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.

Recommended For

This Online Continuing Professional Education webinar is recommended for CPAs, CMAs, ABVs, CIAs, CVAs, IAPs, QIALs, and Other Accounting Professionals who desire to learn about the accounting implications of IFRS 6.
This Online CPD webinar is recommended for CPAs in Canada who desire to serve their clients with updated IFRS knowledge.

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 (CMA)
Certified Public Accountant (CPA)
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

Course Qualification

Webinar Qualifies For

2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPD Credit for Chartered Professional Accountant (CPA Canada)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPD Credit for Accredited in Business Valuation (ABV)
2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookkeeper (ACCT./BK)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPD Credit for Chartered Accountants - Scotland
2 CPD Credit for Chartered Accountants - ICAEW
2 CPD Credit for Chartered Certified Accountants (ACCA)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

3.8

6 Ratings

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Terrible

Hassan Tantawi, CPA (CA)

Oct 13th, 2021

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.