METHODOLOGICAL BASES OF THE ACCOUNTING OF COSTS OF INVESTIGATION AND ASSESSMENT OF MINERAL RESOURCES

Abstract

The question of the accounting of costs of investigation and assessment of mineral resources occupies one of key places in activity of the organizations – subsoil users that is caused by high risks of not recoverability of invested funds as there is no direct link between the incurred expenses on investigation and the volume of stocks of the mineral resources found as a result of prospecting activity. Now in Republic of Belarus there are no special standards according to the accounting of the expenses connected with investigation and an assessment of mineral resources (reserves of minerals). In this regard need of creation of a branch technique and the national standard of accounting for the organizations neftegazo-and the mining industry is shown in article. Introduction in Republic of Belarus of practice of the accounting of costs of investigation and an assessment of mineral resources on a method of safe (successful) efforts is offered, and also conditions of recognition of costs of investigation and an assessment as a part of the capitalized are presented.