Petroleum Accounting: Principles, Procedures and Issues, 8th Edition

Description

This updated edition includes many significant changes and issues that continue to impact the petroleum industry, such as:

• Current industry practice issues from a proprietary survey conducted by the Institute of Petroleum Accounting
• Practical guidance on new standards of revenue recognition, joint arrangements, consolidated financial statements, and disclosure of interests in other entities which are of critical importance to those involved or interested in the petroleum industry
• New chapters covering midstream operations, master limited partnerships, and SEC considerations
• Operational issues that continue to evolve with the demand for capital, inherent industry risks, and the impacts of product price fluctuations