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Petroleum Accounting Principles, 5th editionby: Dennis Jennings, Joe Feiten, Horace Brocken 0940966255 9780940966253 |
Petroleum Accounting Principles 5th edition
By Dennis Jennings, Joe Feiten, Horace Brock
- Publisher: North Texas State Univ
- Number Of Pages:
- Publication Date: 2000-03-06
- ISBN-10 / ASIN: 0940966255
- ISBN-13 / EAN: 9780940966253
- Binding: Hardcover
"This text is important because it is written in a way that appeals to everyone in the industry—from seasoned professionals to industry newcomers," said Dr. Brock. "Our intent is to provide a comprehensive look at the complex world of petroleum accounting and to provide a reference source for petroleum accountants, financial auditors, and other interested parties."
Contents include:
Costs capitalization
Successful-efforts versus full-cost accounting
Explanation of acquisition, exploration, development, production, and abandonment activities
Amortization of capitalized costs
Impairment accounting under SFAS 121 and under full cost rules
Revenue and gas imbalance accounting
Valuation of proved oil and gas properties
Accounting for sales, subleases, production payments, net profit interests, farmouts and carried interests
Accounting for joint operations
Basic E&P income tax rules
Financial accounting for income taxes
Joint interest and partnership accounting
Accounting for international and offshore operations
Financial statement and supplemental disclosures
Illustrative Charts of Accounts