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Fundamentals of Oil and ­Gas Accounting

Rating
Format
Hardback, 806 pages
Published
United States, 1 November 2016

Professor Charlotte Wright updates her indispensable accounting book for the oil and gas industry in this upcoming sixth edition. The past several years have seen significant changes in the accounting and disclosure rules for the industry. While the book has thorough updates throughout, there are new industry issues specifically addressed from the accounting perspective.

Some of the significant updates and new material include:

  • Discussion of the significance of shale and unconventional production as it relates to accounting principles
  • New definitions of reserves from the Securities and Exchange Commission, and the impact on accounting processes
  • All citations and references align with the updated authoritative literature from the Financial Accounting Standards Board
  • A new chapter discussing specific issues previously unaddressed regarding property valuation in the industry
  • New, and updated, end-of-chapter problems


Look for the Fundamentals of Oil & Gas Accounting, Sixth Edition, in the fall of 2016.

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$416
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Product Description

Professor Charlotte Wright updates her indispensable accounting book for the oil and gas industry in this upcoming sixth edition. The past several years have seen significant changes in the accounting and disclosure rules for the industry. While the book has thorough updates throughout, there are new industry issues specifically addressed from the accounting perspective.

Some of the significant updates and new material include:



Look for the Fundamentals of Oil & Gas Accounting, Sixth Edition, in the fall of 2016.

Show more
Product Details
EAN
9781593703639
ISBN
1593703635
Publisher
Dimensions
26.2 x 18.5 x 4.6 centimetres (1.66 kg)

Table of Contents

  • Upstream Oil and Gas Operations
  • Introduction to Oil and Gas Accounting
  • Oil and Gas Reserves
  • Nondrilling Exploration Costs—Successful Efforts
  • Acquisition Cost of Unproved Property—Successful Efforts
  • Drilling and Development Costs—Successful Efforts
  • Proved Property Cost Disposition—Successful Efforts
  • Full Cost Accounting
  • Production Activities and Project Analysis
  • Asset Retirement and Environmental Obligations
  • Impairment and Disposal of Long-Lived Assets
  • Accounting for Revenue from Oil and Gas Sales
  • Basic Oil and Gas Tax Accounting
  • Joint Interest Accounting
  • Conveyances
  • Oil and Gas Disclosures
  • Analysis of Oil and Gas Companies’ Financial Statements
  • Accounting for International Petroleum Operations

About the Author

Dr. Charlotte Wright is Regents Professor and Anadarko Petroleum Chair in the School of Accounting in the Spears School of Business at Oklahoma State University in Stillwater, Oklahoma, USA. She specializes in the area of oil and gas accounting and contract economics and in the area of accounting business combinations and consolidations. Dr. Wright has been actively involved in academic research, education, consulting, and practice in the oil and gas accounting and economic analysis area for the past 30 years. She has coauthored two books: International Petroleum Accounting and Fundamentals of Oil and Gas Accounting and has published numerous journal articles and has made countless presentations and speeches on oil and gas industry-related topics.

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