Teaching note for product 9A98B012.

A leading Canadian mining company had recently closed two uranium mines and begun the lengthy and complex regulatory process to obtain approval of their clean-up plans for the mine, surface facilities and waste management areas. Northern Mines (C) describes what recommendation the audit committee made and the events that occurred in the following year. (This is a sequel to Northern Mines Limited (A) and Northern Mines Limited (B), case numbers 9A98B012 .....more

A leading Canadian mining company had recently closed two uranium mines and begun the lengthy and complex regulatory process to obtain approval of their clean-up plans for the mine, surface facilities and waste management areas. The accounting issues in the case focus on the uncertainty associated with the approval of a specific waste management method, upon which the company had based its provisions for clean-up costs, and the potential cost associated .....more

A leading Canadian mining company had recently closed two uranium mines and begun the lengthy and complex regulatory process to obtain approval of their clean-up plans for the mine, surface facilities and waste management areas. Northern Mines (B) summarizes the investigation that was carried out by the audit committee, and the information that is gathered from the auditors and management about the regulatory process for decommissioning and the company's .....more

As accounting has developed and spread throughout the world, different principles and reporting practices have evolved in different countries. Typical financial statements (income statements, balance sheets, and significant accounting policies) of six countries are presented for a comparative analysis of the differences in accounting policies and presentation format.