Study On Accounting Theory Of Non - Oil And Gas Mineral Resources

Non-oil and gas resource is a kind of important mineral resources, for a longtime, due to the lack of scientific methods and accounting management system, leadto a tremendous waste of resources, environmental damage. In order to reverse thissituation, the state promulgated the "mineral resources law", the compensation for theexploitation of mineral resources, provides the possibility for the non-oil and gasresources to be capitalizing; especially the new enterprise accounting standardspromulgated, laid the foundation for the mineral resources accounting. However,these have not really related to the core problems of non-oil and gas resourcesaccounting, which is confirmation, measurement, estimate, record and report. In thispaper, we use the experience of the developed countries advanced of mineralresources accounting and international accounting standards, based on the accountingtheory and accounting practice two aspects to discusses the problem of non oil gasresource assets accounting confirmation, measurement and report. It has thetheoretical significance and the practical significance to promote the establishment ofaccounting standards non-oil and gas resources and utilization of mining industry inchina.this paper discusses the conditions for the recognition of non-oil and gas assets,defines the object and scope of the capitalization cost. At the same time, It made clearthat when got the non-oil and gas assets of mining rights, there should be credited to"mineral resources assets" account, rather than in the "intangible assets", so as torealize the unity of non-oil and gas assets capitalization cost accounting. that is, allkinds of expenses incurred for non-oil and gas resources are unified in the "mineralresources assets" account, ensure the accounting treatment of the intuitive, clear, highefficiency.At the same time, for the measurement of non-oil and gas assets, this paperargues that the historical cost measurement and value measurement all has itsadvantages and disadvantages, points to the situation in the specific application. themethod of historical cost in daily accounting and the preparation of the main table, and in the notes use the method of value measurement to disclosure fair value of itsreserves. And make a compare and analyze of the results of historical cost law and thecomplete cost law, that the results were the cost law is more suitable for the cost ofnon oil and gas assets.Finally, this paper thinks that the disclosure of non-oil and gas assetsaccounting used "historical cost+reserves quantity+reserves value" is better. thenon-oil and gas assets at historical cost is reflected in the table, accompanied by thefair value of the reserves, value and quantity of non-oil and gas assets reflected inthe table, to make the disclosure information of non-oil and gas mineral resources inmultiple perspectives, to make the balance of the reliability information and relevanceinformation.