Fundamentals of Oil & Fuel Accounting 5th Edition PDF Download Ebook. Charlotte J. Wright and Rebecca A. Gallun describes the current points facing oil and fuel producers operating in each U.S. and international locations. Inside you may find: A new chapter on asset retirement obligations and asset impairment; an added part on mission evaluation and investment resolution making.
This text offers updated protection of asset exchanges and honest value reporting requirements; thorough dialogue of oil and gas pricing and advertising and marketing arrangements; and, updated examples and homework problems. Accounting for income from oil and gasoline sales is described with basic oil and gasoline tax accounting.
The contents include profile of upstream oil and gasoline operations, introduction to grease and gas accounting, nondrilling exploration costs, acquisition costs of unproved property, drilling and development prices, proved property value disposition, full price accounting, accounting for production activities, asset retirement obligations and asset impairment.
An excellent training manual and professional reference, it is packed with examples, diagrams, and appendices. The scope of this text is just unmatched. This guide ought to be required reading for the technical leaders within the business to grasp the far reaching monetary implications of decisions.
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