The critical discussion of the IFRS 6 and mineral resources exploration and evaluation cost

الملخص EN

The aim of this paper is to emphasise the needs for international standard due to the importance of this sector.

This paper also defines and discusses the cost methods of preproduction expenditure of mineral resources, as these methods treat the expenditure differently, which have been supported with examples from various companies.

Additionally, the standard IFRS 6 has been critically discussed with the requirements, including good and bad examples of the apply manner for the IRFS6 by companies.

Furthermore, the future development of IFRS 6 has been expected to improve in the next ten years to enhance the reporting of mineral resources because the disclosure will serve both firms and economies of the countries.

So, the importance of the standard is to provide reliable, comparable and relevant financial information for various stakeholders.