Oil and Gas Accounting

Author: Steven Bragg


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.  [177 pages]

Table of Contents

Chapter 1. Overview of Oil and Gas Operations
Chapter 2. Overview of Oil and Gas Accounting
Chapter 3. Successful Efforts Method
Chapter 4. Full Cost Method
Chapter 5. Depreciation, Depletion, and Amortization
Chapter 6. Accounting for Production Costs
Chapter 7. Revenue Accounting
Chapter 8. Reserve Reporting
Chapter 9. Transfers of Mineral Interests
Chapter 10. Joint Interest Accounting
Chapter 11. Interest Capitalization
Chapter 12. Asset Retirement and Environmental Obligations
Chapter 13. Asset Impairment
Chapter 14. Oil and Gas Disclosures
Chapter 15. IFRS Accounting for Oil and Gas
Chapter 16. Auditor Inquiries
Chapter 17. Accounting Controls