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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:
November 22, 2018
CPA Canada’s annual financial literacy conference is a must-attend for those who want to learn how to improve the financial health of Canadians.
October 1, 2018
The ONE is Canada’s must-attend, multi-track CPA event of the year. Stay at the top of your game with future-focused sessions, thought-provoking keynotes, prime networking opportunities and a first-class exhibition floor.
October 15, 2018
Stay up-to-date on critical indirect tax issues and network with other indirect tax professionals at Canada’s largest and longest-running indirect tax event.