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Secure Transaction Accounting for Mining
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Accounting
Course Description
A mining operation requires a business to incur substantial up-front costs for exploration and development activities, and probably additional costs as part of the mine’s eventual closure and site rehabilitation. In Accounting for Mining, we describe how to account for the costs incurred at each phase of a mine’s development, with particular attention to the more complex topics of asset retirement obligations and environmental obligations. Several additional topics related to asset impairment, business combinations, and financial disclosures are also covered.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the different types of mineral reserves.
- Describe the depreciation methods most applicable to mining assets.
- Specify how to account for an asset retirement obligation.
- Describe which costs related to environmental contamination should be charged to expense as incurred, and which should be deferred.
- Describe the various assets that may be recognized as part of the accounting for the acquisition of a mining business.
Course Specifics
SS124375017
February 28, 2024
There are no prerequisites.
None
35
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
