Implementation of PSAK No. 64 Concerning Accounting Treatment Cost of Exploration and Evaluation (Case Study at the State Gas Company, Tbk)

Christine Herawati Limbong; Mulya  Rafika; Aulia  Indra; Rizki  Syahputra

doi:10.35877/454RI.daengku1344

Authors

Christine Herawati Limbong Labuhanbatu University, Jalan Sisingamangaraja No.126 A KM 3.5, 21418, Indonesia
Mulya Rafika Labuhanbatu University, Jalan Sisingamangaraja No.126 A KM 3.5, 21418, Indonesia
Aulia Indra Labuhanbatu University, Jalan Sisingamangaraja No.126 A KM 3.5, 21418, Indonesia
Rizki Syahputra Labuhanbatu University, Jalan Sisingamangaraja No.126 A KM 3.5, 21418, Indonesia

DOI:

https://doi.org/10.35877/454RI.daengku1344

Keywords:

Exploration Activities, Evaluation, Exploration Costs, Accounting Treatment

Abstract

Exploration is carried out by companies, especially mining companies where this stage is the initial stage to find out the mineral resources contained in a certain area. The need for exploration is carried out to find out how the geological conditions, minerals and how many estimates of the amount of mineral resources to be able to go to the next stage, namely the mining stage. The importance of this exploration stage requires a very large investment in order to achieve accurate results. However, because the investment required at this stage is very large, this stage of exploration is quite risky for investors. The solution needed for the exploration stage is the availability of experts who are experienced in their fields, such as geology and project technical management. According to KBBI, exploration is field exploration with the aim of gaining more knowledge, especially about natural resources found in certain areas. Conceptually within the scope of the mining industry, exploration is defined as an effort carried out in stages and systematically to obtain a destination area that can be further developed as a mining area.

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