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Abstract:The article discusses the features of the transformation of the financial statements of Russian companies in the extractive industries to the IFRS format in terms of the presentation of the costs of exploration and evaluation of mineral resources, namely, the peculiarities of applying IFRS 6 in the oil and gas industry. A comparative analysis of the International Financial Reporting Standard (IFRS) 6 «Exploration and evaluation of mineral reserves» and PBU 24/2011 «Accounting for the costs of developing natural resources».
Keywords:accounting policies, costs of exploration and evaluation, exploration assets, features of the use of IFRS standards, financial statements, IFRS 6, oil and gas industry, the costs of exploration and evaluation of mineral resources, transformation
JEL-Classification: B17, M21, M41, M42
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