Mineral Resources

The INP Exploration and Mineral Resource Accounting team has brought in-depth understanding and practical experience to assist companies operating in Australia’s most powerful industry.

 

Main accounting issues in the exploration and mineral resources sector:

 

  • AASB 6 Mineral Resource Exploration and Evaluation Application;
  • Capitalization or expenditure considerations from exploration expenditures;
  • Accounting for joint ventures;
  • Provide information for the Table 5 report.

 

How can we provide assistance?

 

  • Accounting;
  • Design an accounting system suitable for exploration and resource operations;
  • Choose appropriate accounting methods to measure exploration expenses;
  • Use AASB 6 correctly;
  • Assist in conducting impairment assessments;
  • Report;
  • Promote the reporting of Table 5;
  • Budgeting and forecasting;
  • Australian Stock Exchange, Appendix 5B;
  • General financial reporting.

 

Why did you choose us?

 

Profound knowledge and rich industry experience. Work closely with industry experts, including auditors, lawyers, exploration managers, and environmental experts.

Book with your local INP office and arrange for a 30-minute free consultation.