CPA Canada Viewpoints: Accounting for share purchase warrants (Oil and gas)

Published on: Apr 30, 2014

A common feature of financing transactions entered into by oil and gas entities, in particular exploration stage companies, is the issuance of units which comprise share capital and share purchase warrants.

To understand how an oil and gas company should account for warrants issued, both at the time of issuance and subsequently, read Viewpoints: Applying IFRSs in the Oil and Gas Industry — Accounting for Share Purchase Warrants Issued.

What you will learn

Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers and the Explorers and Producers Association of Canada, this paper features information, illustrative examples and practical views to help you understand the relevant considerations when accounting for warrants issued. It addresses the following topics:

  • warrants for services provided
  • warrants without services provided
  • measurement of warrants
  • modification of warrants
  • exercise of warrants
  • expiry of warrants


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