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 expenditure.
- 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 expense.
- 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.
Services
Book with your local INP office arrange for a 30 minutes free consultation
Schedule a call with our experts
Kelly Liu
Chartered Accountant
Senior Manager
Xuekun Li
Chartered Company Secretary
Partner