Download or read book Full Cost Vs Successful Efforts in Petroleum Accounting written by John Holmes Myers and published by . This book was released on 1974 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Full Cost Vs Successful Efforts in Petroleum Accounting written by John Holmes Myers and published by . This book was released on 1974 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audit and Accounting Guide written by AICPA and published by John Wiley & Sons. This book was released on 2018-10-30 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: First update in 4 years! As fluctuating oil prices, off-shore drilling, and other energy-related issues impact the way your clients conduct business, it i essential to have a keen understanding of the domestic and international topics and trends facing the oil and gas industry today. This 2018 edition includes over 200 pages of invaluable guidance to help accountants improve their industry knowledge, fine-tune their strategies, and provide high-quality services to their clients. This publication provides important technical guidance, summarizes new standards and practices, and delivers "how-to" advice for handling audit and accounting issues that will be critical to your success. Key Features of this title are: An updated illustrative representation letter that contains industry-specific representations. Discussion and interpretive guidance associated with FASB ASC 606, Revenue from Contracts with Customers
Download or read book Full Cost S Successful Efforts in Petroleum Accounting Appendix written by John Holmes Myers and published by . This book was released on 1974 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Gas Accounting written by Steven M Bragg and published by . This book was released on 2018-04-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and gas operations have some of the most unique accounting issues found in any industry. Oil & Gas Accounting delves into acquisition, exploration, development, and production activities, covering many industry-specific accounting issues. Topics covered include the successful efforts method, full cost method, reserve reporting, the unit of production method, severance taxes, take-or-pay arrangements, transfers of mineral interests, and joint interest accounting, as well as industry-specific controls that should be installed. In short, this is the essential oil and gas desk reference for the accountant.
Download or read book Earnings Quality of the Successful Efforts and Full Cost Accounting Methods in the Oil and Gas Industry written by and published by . This book was released on 2018 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earnings -- Earnings management -- Earnings quality -- Cash flows -- Successful efforts -- Full cost -- Exploration and production -- Upstream -- Oil and gas accounting -- Accounting methods -- Accounting standards -- Extractive activities -- Extractives industry -- Accrual quality -- Persistence -- Predictability -- Smoothness -- Value relevance -- Timeliness -- Conservatism -- Verdienste -- Verdienstebestuur -- Verdienstegehalte -- Kontantvloei -- Suksesvolle pogings -- Vollekoste -- Eksplorasie en produksie -- Stroomop -- Olie- en gasrekeningkunde -- Rekeningkundige metodes -- Rekeningkundige standaarde -- Ekstraktiewe aktiwiteite -- Ekstraksiebedryf -- Aangroeiingsgehalte -- Volharding -- Voorspelbaarheid -- Gladheid -- Waarderelevansie -- Tydigheid -- Konserwatisme
Download or read book Handbook on Oil and Gas Accounting written by Robert J. Koester and published by Institutes for Energy Development. This book was released on 1982 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Accounting written by and published by . This book was released on 1982 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Study of Evaluating successful Efforts and full Cost Methods of Accounting for Finding Costs of Oil and Gas Industry from the Investor s Point of View written by Ali K. Naggar and published by . This book was released on 1975 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Successful Efforts and Full Cost Accounting as Measures of the Internal Rate of Return for Petroleum Companies written by Marvin Rosenberg and published by . This book was released on 1983 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Gas Accounting written by Horace R. Brock and published by . This book was released on 1985 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Gas Accounting Economics written by Methadius Iweanya Ofili and published by Independently Published. This book was released on 2022-02-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and Gas firms can chose between the Successful Efforts Accounting and the Full Cost Accounting. While the latter capitalizes on all operating expenditures related to locating new oil and gas reserves, and subsequently allocates these costs to future periods, irrespective of exploration outcomes, the former, that is, Successful Efforts Accounting, allows a company to capitalize only those expenses associated with successfully locating new reserves. If unsuccessful or there is "dry hole" outcomes, the firm charges associated operating costs immediately against revenues for that period. With reliable unified reporting, informed decisions can be made as far as production planning, asset management and financial management are concerned. The Petroleum Profit Tax Act, provides for mandatory accurate hydrocarbon accounting including oil block acquisition, payables, receivables, joint venture accounting, tax oil, profit oil, operating income, depreciation, depreciation allowance, amortization, cost depletion, ringfencing, contractual systems such as pure service contracts, production sharing contract, pure service contracts, risk service contracts, technical assistance agreements, oil mining lease, petroleum licensing rounds and joint ventures, gross oil production, cost recovery, royalty oil, contractor share, Home Government share, contractor profit, income tax and bonuses, royalty payment, work commitment, cost recovery limits, participation agreement, operating agreement, MOU, depletion calculation, cost depletion, concessionary deductions, commerciaIty requirement, profits and taxes, the economic rent theory, economic limit, reserve recognition accounting, reserves classifications, bonuses, rents, royalty trust, cost and full accounting, royalties, concessionary fiscal systems, chargeable profit, chargeable tax, assessable tax, disallowed deductions, adjust for profit and production splits. The Petroleum Economists, on the other hand, assist and enhance making investment decisions by analyzing these and other factors including exploration and well drilling data driven decision making or whether or not the development of an entire gas production project should proceed. Their inputs are critical in Production Sharing Contracts negotiations and oil and gas block purchase. They are inevitably involved in the evaluation and management of the operational, environmental, geological, technical, economic and related risks involved in different phases of oil and gas projects. Their work includes the financial analysis of oil and gas production as well as the forecasting of cash flow, oil and gas development assessment, economic indicators, risk analysis and the analysis of the effects of taxation. They also advise on the economic viability and attractiveness of petroleum ventures and operations, quantification of all forms of uncertainties such as reservoir pattern, future oil and gas prices, development costs, bonus payment determination, when the organization is bidding for oil and gas tracts or leases. Using profitability analysis, they prepare guidelines for the selection of the best alternative development options. They provide economic frameworks through which help investors address the three major questions in E&P investment decision making: What is the cost of the proposed E&P venture? What are the absolute economic value and relative cost of the E & P venture? How profitable is the venture when compared to alternative available investment opportunities?
Download or read book Petroleum Accounting written by Horace R. Brock and published by North Texas State Univ. This book was released on 1992-02-01 with total page 729 pages. Available in PDF, EPUB and Kindle. Book excerpt: PETROLEUM ACCOUNTING has earned a reputation as a textbook written in clear terms for all ranges of experience. Since its inception, this textbook has provided petroleum industry professionals with comprehensive coverage of oil & gas accounting. Updated as necessary, PETROLEUM ACCOUNTING remains an important tool in the petroleum accountant's library. In a single volume, the reader will find essential information to understand the intricacies of petroleum accounting. The textbook begins with the basics & continues through the complexities of accounting & reporting. PETROLEUM ACCOUNTING is organized in a straightforward manner & provides concise, to-the-point presentation of material. It features illustrations, examples, copies of oil & gas lease contracts, joint operating agreements, & joint interest accounting procedures. Other major additions & revisions include economics & statistics of the oil & gas industry, standardized measure disclosures, the ceiling test problem for companies using the successful efforts method, spot gas sales, an enlarged chapter on partnership accounting, accounting for reclamation & restoration costs, updated full cost accounting, & analysis of new deferred tax accounting rules.
Download or read book Coopers Lybrand 1994 Survey of Accounting Practices in the Oil and Gas Industry written by Coopers & Lybrand and published by Institute of Petroleum Accounting University of North Texas. This book was released on 1994 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and gas accounting methods RRA and successful efforts written by Joseph Drew Sillay and published by . This book was released on 1982 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles and Theory of Oil and Gas Accounting written by U. E. Etowa and published by Lulu.com. This book was released on 2017-07-17 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles and Theory of Oil and Gas Accounting (First Edition) is a textbook on Oil and Gas Accounting covering the Principles, Theory and practical Applications of Oil and Gas Accounting in Oil and Gas operating Companies around the World. Emergence of this book ÒPrinciples and Theory of Oil and Gas AccountingÓ is as a result of our training in B. Sc, M. Sc Accounting and our various researches in the field of Oil and Gas Accounting during our Ph.D research works and our practical experience gained through consultancy services in Oil and Gas related Companies. Oil and Gas Accounting is a relatively new area in conventional Accounting studies. Although, Oil and Gas prospecting, exploration, development and production dates back to 1950s in Nigeria and about 1830s in United States of America and other Countries in the World. This bookÕs main objectives are to contribute to knowledge and to promote further research in Accountancy studies.
Download or read book Accounting in the Petroleum Industry written by and published by . This book was released on 1993 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
