Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HERE for more information on Video-On-Demand courses.

OBJECTIVE:
For participants who are new or returning to the mining industry, or those who want a refresher, this course provides a comprehensive overview of accounting issues for exploration and mining companies. 
Following the life cycle of a mineral project from exploration to mine closure, the course will look at the accounting issues and judgments that apply in each phase of activity.  The course is designed to allow participants to identify issues that are relevant in each stage and to provide some examples.

WHO WILL BENEFIT:
Accounting professionals that work with companies in the mining industry and have preferably have one to two years of exposure in the industry.

LEARNING OUTCOMES:
By the end of this course, participants will be able to:

• explain the scope of IFRS impacting the exploration and mining industry, and
• apply the accounting and disclosure requirements of IFRS in relation to mining companies.

CONTENT:
Topics covered in this course include:

• exploration for an evaluation of mineral resources
  
  • recognition and measurement
  • impairment
  • functional currency
• development stage companies
  
  • cost capitalization
  • borrowing cost
  • property options/earn-ins
• production stage companies
  
  • property, plant and equipment
  • commencement of production
  • componentization, depreciation and amortization
  • impairment of assets
  • deferred stripping
  • inventory
  • revenue
  • functional currency
• closure
  
  • accounting for decommissioning and environmental liabilities
• financing activities
  
  • share-based payments
  • flow-through shares
  • unit offerings
  • share issuance costs
  • royalties/streams/alternative financing
• financial statement presentation and reporting
  
  • presentation and disclosure
  • general presentation standards
• IFRS disclosures
• joint arrangements
• non-GAAP measures

PREREQUISITES:
Foundational understanding of accounting concepts and mining industry terminology.