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Learn which payments by an oil and gas company may fall within the scope of International Financial Reporting Interpretations Committee (IFRIC) 21 Levies.
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The scope of IFRIC 21 is broad and it is expected that all oil and gas entities will have to consider the requirements of IFRIC 21 to determine if they incur levies that are within its scope. If levies are incurred, oil and gas entities will also need to determine the impact of this Interpretation on the timing of liability recognition.
To help you better understand which payments may fall within the scope of IFRIC 21, read Viewpoints: Applying IFRSs in the Oil and Gas Industry — Identifying Levies in the Oil and Gas Industry.
Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers and the Explorers and Producers Association of Canada, this paper considers the following questions:
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
July 17, 2019
This webinar, part of CPA Canada's IFRS webinar series, provides you with the most recent updates on matters of interest to Canadian public companies, including key changes to Canadian securities legislation and IFRS standards.
This event has multiple dates and locations. See event details for more information.
Join this hackathon and challenge yourself to harness data and technology to disrupt traditional financial analysis. Gather with diverse and innovative professionals and students. Work in teams and win cash for creative ideas.