Overview and Analysis of the IASB Extractive Activities Discussion Paper: Recommendations and Implications for Oil and Gas Accounting and Reporting
1
Charlotte Wright, Lanny G. Chasteen, and Christopher J. Skousen
In April 2010, the International Accounting Standards Board (IASB) Extractive Activities project team released its Extractive Activities Discussion Paper. The aim of the discussion paper is to solicit input regarding recognition, measurement, disclosure, and other accounting issues unique to the extractive industries. This article provides a summary and overview of some of the key issues.
Overview and Analysis of the IASB Extractive Activities Discussion Paper: Recommendations and Implications for Oil and Gas Accounting and Reporting. Wright, Charlotte; Chasteen, Lanny G.; and Skousen, Christopher J., Fall/Winter 2010, pp. 1‑20.