E&E expenditure

5 min · IFRS 6
01 · Concept

Allows entities to develop an accounting policy for E&E expenditure without strictly applying the IFRS hierarchy. Once technical feasibility is demonstrated, IFRS 6 ceases to apply.

  • 01Policy choice for E&E assets.
  • 02Test for impairment when indicators exist.
  • 03Reclassify on commercial discovery.