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Learn how an organization accounts for the reduction of its interest in an oil and natural gas property in the exploration and evaluation phase as a result of a farm-out arrangement.
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If your company has provided a working interest in its oil and natural gas property to a third party through a farm-out arrangement, you may be wondering: How do I account for the reduction in our interest in the project in the E&E phase?
Prepared by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers, and the Small Explorers and Producers Association of Canada, Viewpoints: Applying IFRS in the Oil and Gas Industry: Farm-out Arrangements in the Exploration and Evaluation Phase discusses how to develop an appropriate accounting policy and features information on:
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.
October 28, 2019
If you’re a senior financial professional in the public sector or work for a not-for-profit that follows PSAB standards, this annual event in the nation’s capital is the place to be.
November 7, 2019
Join CPA Canada’s Financial Literacy Program in Ottawa, our nation’s capital, as we look at the trends changing the economic landscape and how they will affect how Canadians manage their money.