Viewpoints: Decommissioning liabilities in a business combination (Oil & gas)

Learn how to account for decommissioning liabilities assumed in a business combination.

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Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers (CAPP) and the Explorers and Producers Association of Canada (EPAC), this document discusses:

  • how to account for decommissioning liabilities assumed in a business combination
  • application approaches that exist in practice
  • expected changes to standards