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Workshops: Extractive Industry Reporting

Workshop: Extractive Industry Reporting – Users/Analysts

Location Date Time
Melbourne Friday, 2 November 11:30am – 1:00pm AEDT Register

Ann Tarca, Member of the International Accounting Standards Board (IASB), would like to meet with users and analysts of entities engaged in extractive activities, to understand whether the IASB should undertake a project that would amend or replace the current accounting standard for extractive activities. 

Extractive activities consist of exploring for, evaluating, developing and producing natural resources such as minerals, oil and gas. Such activities are important globally and are particularly significant in Australia. Companies use various accounting models to report the resources and expenditures associated with these activities, which results in diversity in financial information and hinders investors from understanding the financial position and financial performance of those companies.

Given that extractives is a major industry in Australia, this is a fantastic opportunity for you to engage, influence and shape future international accounting requirements and ensure the information provided to you is consistent, reliable and enables high quality decision making.

For additional information about Ann you can find her bio here.

Workshop: Extractive Industry Reporting – Preparers

Location Date Time
Melbourne Friday, 9 November  10:30 am – 12:30 pm AEDT Register

Tim Craig, Project Manager on Extractive Activities for the International Accounting Standards Board (IASB), would like to meet with preparers of entities engaged in extractive activities, to understand whether the IASB should undertake a project that would amend or replace the current accounting standard for extractive activities.

Extractive activities consist of exploring for, evaluating, developing and producing natural resources such as minerals, oil and gas. Such activities are important globally and are particularly significant in Australia. Companies use various accounting models to report the resources and expenditures associated with these activities, which results in diversity in financial information and hinders investors from understanding the financial position and financial performance of those companies.

Given that extractives is a major industry in Australia, this is a fantastic opportunity for you to engage, influence and shape future international accounting requirements and ensure the information provided to you is consistent, reliable and enables high quality decision making.

Workshop: Goodwill & Impairment

Location Date Time
Melbourne Friday, 9 November  2:00 pm – 4:00 pm AEDT Register

The IASB is exploring possible improvements to disclosures about business combinations to assess the post-acquisition performance and possible simplifications to the goodwill impairment testing model.

Tim Craig, Technical Principal at the IASB will be in Australia in November to discuss the IASB’s ‘Goodwill and impairment’ project. The AASB are helping Tim coordinate some outreach meetings on this topic.

Please come and share your insights into this topic and join the discussion.

If you are not in Melbourne, you can join the discussion through teleconference/videoconference. Please contact standard@aasb.gov.au for requesting dial-in details. When requesting please ensure that the subject line is the title of the session, in this case "Goodwill & Impairment Session with the IASB".