Description
Professor Charlotte Wright updates her indispensable accounting book for the oil and gas industry on this revised & expanded sixth edition. The past a few years have seen significant changes within the accounting and disclosure rules for the industry. At the same time as the book has thorough updates during, there are new industry issues specifically addressed from the accounting point of view.
- 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 affect on accounting processes
- All citations and references align with the up to date authoritative literature from the Financial Accounting Standards Board
- A new chapter discussing specific issues in the past unaddressed regarding property valuation within the industry
- New, and up to date, end-of-chapter problems