Petroleum Accounting
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Title information
Petroleum Accounting: Principles, Procedures and Issues, now in its 8th edition, features updates about numerous industry operational issues that continue to evolve, such as the heavy demand for capital, risks driving more cooperative working relationships, and the obvious impacts of product price fluctuation. Many accounting and disclosure issues have arisen due to increased globalization, substantial acquisition activity, and increased focus on
environmental and restoration liabilities, to name a few. New standards on revenue recognition, leasing, joint arrangements, consolidated financial statements, and disclosure of interests in other entities are of current importance to those involved or interested in the petroleum industry. The 8th Edition addresses new requirements and adds additional guidance on developing issues.