Lesson 11
Lesson 11
Lesson 11
I. DEFINITION
An entity shall disclose information that identifies and explains the amounts
recognized in its financial statements arising from the exploration for and
evaluation of mineral resources.
To comply with paragraph 23, an entity shall disclose:
(a) its accounting policies for exploration and evaluation expenditures
including the recognition of exploration and evaluation assets.
(b) the amounts of assets, liabilities, income and expense and operating and
investing cash flows arising from the exploration for and evaluation of
mineral resources.