IFRS updates

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Our IFRS publications examine the complex, but unique, issues faced by mining and metals companies applying IFRS. These issues are considered in the context of recent and current developments in the global mining and metals market place as well as the constantly changing world of IFRS.

IFRS Developments, Issue 128: Revenue earned before an asset is ready for its intended use – June 2017

On 20 June 2017, the International Accounting Standards Board (IASB) issued exposure draft (ED) Property, Plant and Equipment – Proceeds before Intended Use (Proposed amendments to IAS 16).

Applying IFRS in mining and metals – October 2016

The International Accounting Standards Board (IASB) has issued a new leases standard. View key considerations and next steps for mining and metals companies.

IFRS 15 – the new revenue recognition standard

Mining and metals entities may need to change certain revenue recognition practices as a result of IFRS 15 Revenue from Contracts with Customers. We look at the key issues for the sector.

Amendment to IFRS 11 Joint Arrangements

We analyse the potential business and accounting implications of the amendment to IFRS 11, Joint Arrangements on mining and metals companies.

Refining IFRS: implications for impairment testing

In this issue, we revisit the key requirements of impairment testing and highlight those areas where the greatest judgment is required.

Refining IFRS: spin-off transactions

Mining and metals entities are seeking to optimize capital through appraisals of portfolios. See this edition to learn about some financial reporting challenges and the key areas of judgment.

Refining IFRS: delivering capital projects

Aside from the enormous technical, commercial and funding challenges associated with capital projects, there are also a number of key accounting challenges. Learn more in this issue.