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31 lip 2024 · Study with Quizlet and memorize flashcards containing terms like IFRS 6 shall not be applied expenditures incurred, IFRS shall be applied, RECOGNITION of E&E Assets and more.
5 mar 2022 · Start studying IFRS 6 + IFRS 6 + IFRS 2. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Study with Quizlet and memorize flashcards containing terms like The accounting for expenditures on exploration for and evaluation of mineral resources, Exploration for and evaluation of mineral resources, Exploration and evaluation expenditures and more.
A principal purpose of IFRS 6 is to specify the circumstances in which entities should test exploration and evaluation costs for impairment, and when to require disclosure of information about such assets.
IFRS 6 Exploration for and Evaluation of Mineral Resources has the effect of allowing entities adopting the standard for the first time to use accounting policies for exploration and evaluation assets that were applied before adopting IFRSs.
FRS 6 – Exploration for and Evaluation of Mineral Resources Quiz. Which of the following is not a requirement of IFRS 6?
PFRS 6 permits entities to develop their own accounting policies for exploration and evaluation assets that results to relevant and reliable information based entirely on the MANAGEMENT'S JUDGEMENT and WITHOUT THE NEED to consider the hierarchy of standards in PAS 8 (1.PFRS 2. JUDGEMENT)
