EVALUATION OF MINING ENTERPRISES WITHIN THE FRAMEWORK OF INTERNATIONAL FINANCIAL REPORTING

Abstract

The different structure of the enterprises operating in the mining sector from other sectors is important in terms of the comprehensibility of the information they present in the financial statements. In the "IFRS 6 Exploration and Evaluation of Mineral Resources" standard, the issues to be considered in the reporting of mining enterprises are included. In this study, how the mining sector should be examined within the framework of financial reporting is given. In the article, firstly, the importance of the mining sector in Turkey, difference from other sectors and in the world was evaluated, mining activities are explained and then the standards in the reporting of mining enterprises in the finance sector were discussed. The aim is to compare the reporting standard required by IFRS 6, which determines the accounting policies of mining enterprises, with generally accepted accounting policies. In the study, it has been researched how the profit and loss situation of mining enterprises can change according to the International Accounting Standards and Tax Procedure Law, the conditions that can create deferred taxes are discussed, and the effect of this situation on companies is emphasized.

Keywords

• mining operations
• tax procedure law
• international financial reporting standards

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