Petroleum Accounting PDF Download
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Author: Dennis Jennings
Publisher:
ISBN: 9780940966321
Category :
Languages : en
Pages :
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Book Description
This new edition covers many significant changes impacting the petroleum industry including important updates such as current industry practice issues from a proprietary survey conducted by the Institute of Petroleum Accounting, and practical guidance on new standards of revenue recognition, joint arrangements, consolidated financial statements, and disclosure of interests in other entities which are of critical importance to those involved or interested in the petroleum industry.New chapters covering midstream operations, master limited partnerships, and SEC considerations have been added. The updated text will also address numerous operational issues that continue to evolve with the demand for capital, inherent industry risks, and the impacts of product price fluctuation.
Author: Dennis Jennings
Publisher:
ISBN: 9780940966321
Category :
Languages : en
Pages :
Get Book Here
Book Description
This new edition covers many significant changes impacting the petroleum industry including important updates such as current industry practice issues from a proprietary survey conducted by the Institute of Petroleum Accounting, and practical guidance on new standards of revenue recognition, joint arrangements, consolidated financial statements, and disclosure of interests in other entities which are of critical importance to those involved or interested in the petroleum industry.New chapters covering midstream operations, master limited partnerships, and SEC considerations have been added. The updated text will also address numerous operational issues that continue to evolve with the demand for capital, inherent industry risks, and the impacts of product price fluctuation.
Author: Steven M Bragg
Publisher:
ISBN: 9781642210071
Category :
Languages : en
Pages : 192
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Book Description
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.
Author: Horace R. Brock
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 600
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Book Description
Author: Charlotte J. Wright
Publisher:
ISBN: 9781593701673
Category : International business enterprises
Languages : en
Pages : 583
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Book Description
"This book illustrates various aspects of accounting in international petroleum operations. The authors discuss and illustrate international petroleum contracts and related contract accounting issues that arise and contrast U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world"--
Author: Steven M Bragg
Publisher:
ISBN: 9781642210668
Category :
Languages : en
Pages : 192
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Book Description
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 book is the essential oil and gas desk reference for the accountant.
Author: Robert Bruce Hey
Publisher: Gulf Professional Publishing
ISBN: 0128104473
Category : Technology & Engineering
Languages : en
Pages : 742
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Book Description
Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the 'value adder' or 'revenue generator' core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. - Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries - Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker - Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety - Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting
Author: Linda Herkenhoff
Publisher: Business Expert Press
ISBN: 1606495011
Category : Business & Economics
Languages : en
Pages : 101
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Book Description
Oil and gas are important to every aspect of our economy, yet the oil and gas industry is distinguished by its combination of increasing demands and decreasing discovery volumes--and it is an industry shrouded in an environment of extremely volatile pricing. Although the profits enjoyed by the oil and gas industry are enormous, the industry remains one of the most capital-intensive in a world where rising expenses continue to threaten to squeeze profit margins. Geopolitics may continue to be the most important variable in maintaining existing assets and in successfully achieving new discoveries and carrying out their subsequent development. But finding new oil and gas reserves is becoming more challenging and the places where hydrocarbons are being found are more remote. Thus technology advances are also a key variable to enable exploration, drilling and development to become economically feasible in some of these more difficult operating environments. For the last century oil and gas additions have exceeded demand but has this industry now reached a "peak oil" situation? Some experts argue we are on the cusp of maximum oil production while others suggest we are still about a decade away. Natural gas demand however, is rising at a slightly faster rate than oil. Natural gas may be the immediate replacement fuel for oil as a source of clean and efficient electric power generation. Three out of the top ten Fortune 500 companies were oil/gas companies in 2011. This short introduction to the oil and gas industry will focus on history, operations, major companies, outside market forces, regulation and the current challenges the industry faces. Such factors as finite natural resources, the environment, economics, geopolitics, and technology will all come into play in the narrative. The book will demonstrate how the leaders of this industry, former champions of progress, are now coming under scrutiny and being depicted as the biggest culprits of environmental degradation. Yet the industry is likely to continue to grow until some form of alternate fuels is developed. The oil and gas industry will continue to have an enormous impact on life on the planet.
Author: Horace R. Brock
Publisher: North Texas State Univ
ISBN: 9780940966192
Category : Gas industry
Languages : en
Pages : 729
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Book Description
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.
Author: AICPA
Publisher: John Wiley & Sons
ISBN: 1119570999
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
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
Author: David Johnston
Publisher: Pennwell Books
ISBN: 9781593700447
Category : Technology & Engineering
Languages : en
Pages : 0
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Book Description
Offering a clear explanation of financial statements with a practical approach to the analysis of an oil company, this introduction contains tables, figures, and worksheets, and examples of analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques, rules of thumb, commentary, and a glossary are included.
