IFRS 6: Exploration for and Evaluation of Mineral Resources
The IFRS also requires that an entity determine an accounting policy for allocation of exploration and evaluation assets to cash-generating units or groups of cash-generating units for the purposes of impairment testing.
Steve Collings FMAAT ACCA DipIFRS is Audit Manager at Leavitt Walmsley Associates www.lwaltd.com. Read all of Collings's analyses of the International Financial Reporting Standards.
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