An accounting method used in gas, mining and other extractive industries. In this method, any increase in value associated with the discovery of reserves is adjusted in the firm's financial statements with accompanying supplemental schedules.
Related information about discovery value accounting:
- Discovery Value Accounting Definition | Investopedia
Discovery value accounting is used to account for any increases in reserves (oil, gas, etc.) which would lead to an increase in assets and potentially earnings on ...
- Discovery Value Accounting: Definition from Answers.com
Method of accounting for extractive enterprises (such as oil and gas). In this approach, the increase in value associated with the discovery of oil and.
- What is discovery value accounting? definition and meaning
Definition of discovery value accounting: An accounting method used in gas, mining and other extractive industries. In this method, any increase in value ...
- Other valuation options (Agenda Paper 4F) - International ...
Discovery value accounting was previously identified as an option when ... Under discovery value accounting as it has generally been proposed, mineral ...
- chap.11
o Discovery value accounting (and reserve recognition accounting): Discovery value is generally not recognized in accounts. o The tax law has long provided a ...
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DVA definition: Adams County School District No. 12, Northglenn, CO - OCLC symbol (OCLC) Data Valid (SAUS) Department of Veterans Affairs - Canada ...
- Disclosure Issues - IAS Plus
If either discovery value accounting or current value accounting is used in the primary financial statements, for which reserves should value be computed?
- ACCOUNTING FOR NATURAL RESOURCES
Jul 19, 2010 ... Discovery-value accounting is similar to reserve-recognition accounting. RRA specifically relates to the oil and gas industry, whereas discovery ...