Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorConstantatos, Anna-Fanien_UK
dc.contributor.authorDionysiou, Dionysiaen_UK
dc.contributor.authorSlack, Richarden_UK
dc.contributor.authorTsalavoutas, Ioannisen_UK
dc.contributor.authorTsoligkas, Fanisen_UK
dc.description.abstractThere are concerns that financial statements no longer reflect the underpinning drivers of value in modern business (Bernanke 2011; Haskel and Westlake 2017; Lev and Gu 2016). Such concerns are particularly relevant to accounting for internally generated intangible assets and intangibles in general. International Accounting Standard (IAS) 38 Intangible Assets, which governs the treatment of the capitalisation of development costs, has been characterised as a standard reflecting prudence and conservatism with a corresponding prevalence of expensing (Mazzi et al. 2019a). Nonetheless, there is significant lack of evidence about the extent to which companies capitalise other internally generated intangible assets, especially those that fall outside the scope of IAS 38. In this research, we complement the study by Mazzi et al. (2019a) and focus on the accounting treatment of Exploration and Evaluation expenditure (hereafter E&E) by companies in the extractive industry (hereafter EI). E&E expenses include: the acquisition of rights to explore; topographical, geological, geochemical and geophysical studies; exploratory drilling; trenching; sampling; and activities that relate to evaluating the technical feasibility and commercial viability of extracting a mineral resource. In essence, the accounting for E&E costs can be viewed as an extension of the debate on the recognition of intangible assets versus the level of accounting conservatism. While there is scant literature on EI firms, and in relation to E&E expenditure in International Financial Reporting Standards (IFRS) reporting regimes, this research concentrates on the accounting policies used for the treatment of these expenditures. To the best of the authors’ knowledge, however, research on the amounts involved and hence recognised, expensed and impaired is not available. Furthermore, there is an absence of evidence on the characteristics of firms that capitalise and impair such expenditure. The overall objective of this research is to shed light on these areas.en_UK
dc.relationConstantatos A, Dionysiou D, Slack R, Tsalavoutas I & Tsoligkas F (2021) The capitalisation of intangibles debate: accounting for exploration and evaluation expenditure in extractive activities.. Association of Chartered Certified Accountants and Adam Smith Business School. Glasgow.
dc.rightsCopyright © 2021 Association of Chartered Certified Accountantsen_UK
dc.titleThe capitalisation of intangibles debate: accounting for exploration and evaluation expenditure in extractive activities.en_UK
dc.typeResearch Reporten_UK
dc.contributor.sponsorAssociation of Chartered Certified Accountants and Adam Smith Business Schoolen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.funderAssociation of Certified Chartered Accountantsen_UK
dc.contributor.affiliationAmerican College of Greeceen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationDurham Universityen_UK
dc.contributor.affiliationUniversity of Glasgowen_UK
dc.contributor.affiliationUniversity of Bathen_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeTechnical Reporten_UK
local.rioxx.authorConstantatos, Anna-Fani|en_UK
local.rioxx.authorDionysiou, Dionysia|0000-0002-1740-2095en_UK
local.rioxx.authorSlack, Richard|en_UK
local.rioxx.authorTsalavoutas, Ioannis|en_UK
local.rioxx.authorTsoligkas, Fanis|en_UK
local.rioxx.projectProject ID unknown|Association of Certified Chartered Accountants|en_UK
local.rioxx.filenamePI-INTANGIBLES-E_E-EI final.pdfen_UK
Appears in Collections:Accounting and Finance Research Reports

Files in This Item:
File Description SizeFormat 
PI-INTANGIBLES-E_E-EI final.pdfFulltext - Published Version11.35 MBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.