The primary natural resources that are addressed in the issues and background paper are oil and gas, coal, nonfuel hardrock minerals, and timber. The codification project will result in reference material for both Federal preparers and auditors that is clear and easy to use. The Board is currently considering how the standards should be organized and what, if any, new material should be added. As part of the project, any areas that require clarification or development of additional standards will be identified and addressed. Earlier adoption is encouraged.
Earlier implementation is encouraged.
Earlier implementation is encouraged. The standards in this Statement will be effective for fiscal periods beginning after September 30, 1996. Earlier implementation is encouraged. The accounting standards presented in this Statement become effective beginning after September 30, 1996. Earlier implementation is encouraged.