IFRS in the oil and gas industry (English and Spanish)

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31 Oct 2008

Deloitte LLP (United States) has published IFRS Considerations for the Oil and Gas Industry as part of their IFRS Industry Series.

As acceptance of IFRS in the United States becomes imminent, more oil and gas companies are now asking questions about what IFRS mean for them. How do IFRS affect my company? What events would influence my company's pace of IFRS adoption? What obstacles might we need to consider?

This publication provides practical industry insights on IFRS and includes useful sections on:

  • Understanding the implications of IFRS for the oil and gas industry for accounting and finance, systems and tax
  • Key differences between IFRS and US Generally Accepted Accounting Principles (GAAP) for the oil and gas industry
  • Evaluating approaches to IFRS conversion
  • Developing an IFRS road map
  • IFRS lessons from the European experience
Deloitte (Colombia) has published a Spanish translation. Click to download:

 

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