IFRS 6 for Oil, Gas and Mining Industries
As a finance or accounting professional, you should be familiar with exactly what these IFRS standards for Extractive Industries consist of, and what they mean for companies in the oil, gas and mining industries. This webinar will help you become acquainted with the latest information regarding IFRS for companies in the resource sector.
Why should you Attend: Extractive industries, involved in the search for 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 #6 requires that companies that have assets used for exploration and evaluation of mineral resources must issue IFRS compliant financial statements.
Areas Covered in the Session:
- Why the accounting for this sector is different
- How resource assets are evaluated
- Special rules for measuring revenues and expenditures
- How revaluation rules apply to the Oil, Gas, and Mining industries
- Other specific requirements of IFRS 6
- Required disclosures
- Financial statement presentation
Who Will Benefit:
- Financial Managers
- CFO's
- Accounting and Reporting Managers
- Accountants
- Auditors and staff
- Business Managers
- Operations Managers
Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.
Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are. Mike is the author of several books, including: "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.