IFRS foir the Oil and Gas Industry

The distinctive features of the oil and gas industry Summary of accounting issues in the industryIASB extractive industries project Exploration and evaluation (IFRS 6 Exploration for and Evaluation of Mineral Resources, full cost accounting, successful efforts accounting) Property, plant and equipment Impairment of assets Decommissioning costs and site restoration Joint ventures Production sharing agreements, including internal accounting and external financial reporting issues Reserves and other disclosures Hedge accounting Selecting and amending accounting policies Comparison between IFRS and US GAAP Worked examples and opportunities for discussion.