Details

Service: Audit, IFRS Reporting
Industry: Industrial Markets, Energy & Natural Resources
Type: Business and industry issue, Regulatory update
Date: 9/17/2011

Impact on Oil and Gas Companies

The financial statements of many oil and gas companies could look very different in the future as a result of the changes to the accounting for joint arrangements. This could affect key performance measures and ratios for companies in the sector, which raises the question of how such changes should be communicated to investors and other stakeholders.

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