Introduction to Oil & Gas Accounting Part 1 скачать в хорошем качестве

Introduction to Oil & Gas Accounting Part 1

This video explains the common terms that are used in Oil & Gas Accounting; the users of O&G information and the types of information needed; the type of costs incurred by O&G exploration & producing activities; the Generally Accepted Historical Cost Methods; accounting treatment of costs under Successful and Full Cost Method; it solves an exercise on how to determine net income under the two methods; it explains the historical development of accounting methods; it distinguishes between Successful Efforts and Full Cost method and finally explains how to record journal entries under Successful Efforts and Full Cost Method.