Accounting valuation of reserves and resources of extractive industry companies.

Summary This research contributes to the problem of economic and accounting valuation of reserve and resource assets in the extractive industry. It aims to answer the following question: It shows in its first part that there is only a partial correspondence between the economic values and the accounting values, which favors the neoclassical economic theory. The second part shows that various accounting methods coexist within the six countries studied, taking into account the interests of the major and junior companies in this industry. The third part of the thesis analyzes the IASB standard-setting process and highlights the influence of the power of the majors and the indirect influence exerted by the juniors. This thesis is an extension of critical accounting research.