Recognition of reserve values in the extractive industries

Mirza, A. Malik and Zimmer, Ian R. (1999) Recognition of reserve values in the extractive industries. Australian Accounting Review, 9 2: 44-50. doi:10.1111/j.1835-2561.1999.tb00108.x

Author Mirza, A. Malik
Zimmer, Ian R.
Title Recognition of reserve values in the extractive industries
Journal name Australian Accounting Review   Check publisher's open access policy
ISSN 1035-6908
Publication date 1999-07
Sub-type Article (original research)
DOI 10.1111/j.1835-2561.1999.tb00108.x
Volume 9
Issue 2
Start page 44
End page 50
Total pages 7
Editor Linda M. English
Place of publication Melbourne, VIC, Australia
Publisher Australian Society of Certified Practising Accountants
Collection year 1999
Language eng
Subject C1
720200 Microeconomic Issues
350101 Financial Accounting
Formatted abstract
An issue that focuses clearly on the difference between market and book values is accounting for reserves in the extractive industries. The primary determinant of the value of a minerals or oil-and-producer is the value of the reserves it controls. Hence, one might expect that managers acting to maximise the value of the firm would try to account for the value of reserves in a credible way. However, we show that financial-statement recognition of reserve values is rare. We review the reasons for the general reluctance to recognise reserve values in financial statements and comment on the few exceptions.

Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collection: TC Beirne School of Law Publications
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Created: Tue, 10 Jun 2008, 15:10:47 EST