1. Home >
  2. impact of ifrs mining in arab

impact of ifrs mining in arab

Adoption of IFRS in Saudi Arabia Deloitte Middle East ,The Kingdom of Saudi Arabia KSA is soon set to join 130 countries across the globe in the application of International Financial Reporting Standards IFRS Today all companies in Saudi Arabia other than banks and insurance companies must follow accounting standards generally accepted in KSA as issued by the Saudi Organization for ... As a leading global manufacturer of crushing equipment, milling equipment,dressing equipment,drying equipment and briquette equipment etc. we offer advanced, rational solutions for any size-reduction requirements, including quarry, aggregate, grinding production and complete plant plan.

Get Price
  • Impact Crusher

    Impact Crusher

    Feeding Granularity: 300-700mm

    Production Capacity: 30-550TPH

    Feed Opening: 400×730-1260×2040mm

  • Mineral Powder Briquetting Machine

    Mineral Powder Briquetting Machine

    Power: 7.5-30kw

    Capacity: 4-70TPH

    Warranty: 12 Months

  • Powder Grinding Plant

    Powder Grinding Plant

    Configuration: Jaw crusher, grinding mill, bucket elevator, magnetic vibrating feeder, transmission gear, main engine.

    Applied Materials: Feldspar, calcite, talc, barite, fluorite, rare earth, marble, ceramics, bauxite, manganese, phosphate rock, etc.

    Application Area: Building materials, chemicals, fertilizer, metallurgy, mining, refractory, ceramic, steel, thermal power, coal, etc.

  • Ceramsite Production Line

    Ceramsite Production Line

    Production Capacity: 70-5,000 t/d

    Raw Materials: Clay, mudstone, slate, gangue, coal ash, shale, sludge and industrial solid waste.

    Production Processes: Crushing, batching, grinding, balling, burning, making coal powder, cooling finished products, screening and packing.

  • Adoption of IFRS in Saudi Arabia  Deloitte Middle East

    Adoption of IFRS in Saudi Arabia Deloitte Middle East

    The Kingdom of Saudi Arabia KSA is soon set to join 130 countries across the globe in the application of International Financial Reporting Standards IFRS Today all companies in Saudi Arabia other than banks and insurance companies must follow accounting standards generally accepted in KSA as issued by the Saudi Organization for

    Get Price
  • IFRS 9 ready for impact  Deloitte United Arab Emirates

    IFRS 9 ready for impact Deloitte United Arab Emirates

    the operational challenges for implementation of IFRS 9 the responsiveness of the proposed model compared to IAS 39 and the directional impact on allowance balances It was estimated that on transition the impairment provisions under IFRS 9 could be 20250 percent higher compared to IAS 39

    Get Price
  • PDF International Financial Reporting Standards Ifrs

    PDF International Financial Reporting Standards Ifrs

    It illustrates the impact on foreign investments of adopting IFRS in Saudi Arabia and to what extent environmental factors play a critical role in the decision to apply IFRS

    Get Price
  • Insights into Mining

    Insights into Mining

    Overall the impact of IFRS 15 on the mining companies surveyed was limited and resulted in additional disclosures in the financial statements Streaming arrangements continue to involve significant judgment and complexity and mining companies with such arrangements were impacted the most as a result of the adoption of IFRS 15

    Get Price
  • Survey shows mining challenged in applying IFRS 15  KPMG

    Survey shows mining challenged in applying IFRS 15 KPMG

    KPMG surveyed the disclosures of 25 global mining companies on the adoption of IFRS 15 IFRS 15 impacted most of the mining companies surveyed in some form There was a mix between quantitative impacts on the financial statements of mining companies and nonquantitative impacts

    Get Price
  • Impacts of the ‘triple threat’ accounting standards on

    Impacts of the ‘triple threat’ accounting standards on

    Impacts of the ‘triple threat’ accounting standards on mining entities New revenue standard IFRS 15 Revenue from Contracts with Customers It is reasonable to say that the mining sector is far less impacted by IFRS 15 than sectors such as telecoms software construction and indeed mining

    Get Price
  • IFRS industry insights Mining sector  IFRS 15 the new

    IFRS industry insights Mining sector IFRS 15 the new

    Oct 08 2015 · IFRS industry insights Mining sector IFRS 15 the new revenue Standard could impact profile of revenue and profit recognition Published on 08 Oct 2015 This publication highlights issues from the new revenue recognition standard that will be of interest to those in the mining sector

    Get Price
  • Insights into Mining

    Insights into Mining

    Impact on mining companies While IFRS 15 impacted most of the mining companies surveyed in some form there was a mix between quantitative impacts on the financial results of mining companies and impacts that had some other nonquantitative impact on mining companies’ financial statements Of the 25 companies

    Get Price
  • PDF International Financial Reporting Standards Ifrs

    PDF International Financial Reporting Standards Ifrs

    It illustrates the impact on foreign investments of adopting IFRS in Saudi Arabia and to what extent environmental factors play a critical role in the decision to apply IFRS

    Get Price
  • Financial reporting in the mining industry International

    Financial reporting in the mining industry International

    IFRS is a principles based framework and short on industry guidance PwC looks at how IFRS is applied in practice by mining companies This publication identifies the issues that are unique to the mining industry and includes a number of real life examples to demonstrate how companies are responding to the various accounting challenges along

    Get Price
  • IFRS 6  DipIFR  Students  ACCA  ACCA Global

    IFRS 6 DipIFR Students ACCA ACCA Global

    The impact of International Financial Reporting Standards IFRS Standards has been felt extensively in the exploration industry – particularly the oil and gas industry where key dilemmas and judgements made are greatest at the exploration and production stage At one end IFRS 6 Exploration

    Get Price
  • IFRS 16 Leases Practical application for mining  KPMG

    IFRS 16 Leases Practical application for mining KPMG

    IFRS 16 Leases Practical application guidance for mining IFRS 16 Leases – Practical application for mining Our first publication in this IFRS for mining series focuses on the application of IFRS 16 Leases to the mining industry IFRS 16 Leases is effective from 1 January 2019 and will result in most leases being recorded on balance sheet

    Get Price
  • In depth A look at current financial reporting issues

    In depth A look at current financial reporting issues

    This supplement focuses on how the standard will impact entities in the mining industry and highlights potential differences with current practice under IFRS and US GAAP The examples and related discussions are intended to provide areas of focus to assist entities in evaluating the implications of the new standard No 201402 supplement

    Get Price
  • The new revenue recognition standard  mining  metals

    The new revenue recognition standard mining metals

    • Mining and metals entities may find it challenging to assess the impact of IFRS 15 in particular when evaluating whether a contract is in scope determining when control transfers to a customer accounting for fixed and provisionallypriced commodity sales contracts and assessing the impact on takeorpay and other similar longterm

    Get Price
  • Impact Of COVID19 On IFRS 16  Coronavirus COVID19

    Impact Of COVID19 On IFRS 16 Coronavirus COVID19

    Jul 24 2020 · However these modification provisions may prove to be complicated and cause a major impact on the financial statements In light of the above the International Accounting Standards Board IASB has amended IFRS 16 and introduced a practical expedient that will allow lessees to bypass the modification provision on account of the current pandemic

    Get Price
  • Companies to benefit from IFRS adoption in Kingdom  Arab

    Companies to benefit from IFRS adoption in Kingdom Arab

    He said companies in the Kingdom should consider whether they want to be early adopters of the standards which will be applicable in the next one to two years ie IFRS 9 15 and 16

    Get Price
  • IFRS 16 Dutch Tax Impact  Insight  Baker McKenzie

    IFRS 16 Dutch Tax Impact Insight Baker McKenzie

    Apr 23 2019 · As such IFRS 16 will impact both the profit and loss account and the balance sheet of the lessee in case of operational lease Dutch tax consequences of IFRS 16 Accounting principles can be followed for Dutch tax purposes unless the accounting principles are not in line with Dutch tax law or the general Dutch sound business practice

    Get Price
  • The IFRS9 Q  A on Prudential Reporting Challenges

    The IFRS9 Q A on Prudential Reporting Challenges

    The IFRS9 Q A on Prudential Reporting Challenges 22nd April 2018 Bachir El Nakib Senior Consultant Compliance Alert LLC The International Financial Reporting Standard 9 IFRS 9 will fundamentally change accounting practices by requiring firms to consider the impact of possible future events when calculating their capital provisions

    Get Price
  • Application of IFRS 15 to Miners  BDO Australia

    Application of IFRS 15 to Miners BDO Australia

    Sep 27 2018 · It is reasonable to say that the mining sector is far less impacted by IFRS 15 Revenue from Contracts with Customers than sectors such as telecoms software construction and indeed mining service companies However it is wrong to assume that miners are not impacted by this new standard and mining companies need to consider potential impact areas

    Get Price
  • What is IFRS  A Detailed Analysis  HCL Blogs

    What is IFRS A Detailed Analysis HCL Blogs

    Evolution of IFRS The IFRS Foundation was established in 2001 In the very next year the European Union agreed to adopt IFRS from 2005 In 2003 IFRS 1 was issued and simultaneously Australia Hong Kong New Zealand and South Africa agreed to adopt IFRS by 2005

    Get Price
  • Impact  Challenges of IFRS9 and CECL  Protiviti  United

    Impact Challenges of IFRS9 and CECL Protiviti United

    Regulators Urge Firms to Implement Action Plans for Compliance with New Standard The Financial Accounting Standards Board’s latest Accounting Standards Update ASU No 201613 Financial InstrumentsCredit Losses Topic 326 sets out the final impairment credit accounting standard with detailed guidance on the new loss reserve model Current Expected Credit Loss

    Get Price

Customer Case

FOLLOW US

Chat Online
shangwutong