International Petroleum Accounting

Charlotte J. Wright

• Publisher: PennWell Books
• Year: 2019
• Print ISBN:
  9781593701673
• Edition: 2
• eBook ISBN:
  9781593701796
• Topic: Business
• Subtopic: International Accounting
• Index: Business

This book uniquely presents a comprehensive guide to both U.S. accounting standards and the International Accounting Standards Board (IFRS). The 2nd edition focuses on accounting standards and guidance issued by the IFRS, the U.S. Financial Accounting Standards Board, and the U.S. Securities Exchange Commission.

Table of contents

• Cover Page
• Title Page
• Copyright Page
• Contents
• 1 - Overview of International Upstream Operations
• 2 - International Petroleum Contracts
• 3 - Reserves and Resources
• 4 - Accounting for Non-Drilling Exploration and License Acquisition Costs—Successful Efforts
• 5 - Accounting for Exploratory Drilling and Appraisal Costs—Successful Efforts
• 6 - Accounting for the Costs of Development—Successful Efforts
• 7 - Depreciation, Depletion, and Amortization—Successful Efforts
• 8 - Full Cost Accounting
• 9 - Recognition of Revenue
• 10 - Production Activities and Performance Evaluation
• 11 - Impairment
• 12 - Accounting for Asset Retirement Obligations and Environmental Obligations
• 13 - Accounting for Joint Interest Operations
• 14 - Disclosures Regarding Oil and Gas Producing Activities
• Appendix A - AIPN 2012 Model Form International Joint Operating Agreement
• Appendix B - AIPN 2012 Model Form International Accounting Procedure
• Appendix C - SEC Reg. S-X Rule 4-10
• Appendix D - Acronyms Commonly Used in the International Petroleum Industry
• Index