The promulgation of the Mineral and Petroleum Resources Development Act 28 of 2002
(MPRDA) led to a significant increase in the number of junior exploration companies. In this
regard, International Financial Reporting Standard (IFRS) 6 allows companies to develop their
own accounting policies for exploration and evaluation expenditure. However, there is no
definition of either prospecting or exploration in the Income Tax Act 58 of 1962 (Income Tax
Act).
The objective of this study was to perform a literature review and to carry out empirical research
by using questionnaires that were distributed to junior exploration companies to investigate
whether accounting and taxation practices are consistently applied. Accordingly, the findings
confirmed that the accounting and taxation practices followed by junior exploration companies
are not consistently applied. / Financial Accounting / M.Com. (Accounting)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/4909 |
| Date | 30 June 2011 |
| Creators | Sturdy, Joline |
| Contributors | Cronjé, Christo Johannes, Wingard, H. C. (Prof.) |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | 1 online resource (ix, 173 leaves.) |
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