Abstract
The cost accounting methods that are currently used in the oil and gas Industry are very diverse. Since the 1973 Arab Oil Embargo, increased attention was given to this issue, which resulted in the issuance of SFAS-19 by the FA SB and the SEC’s attempt to develop a new accounting method based on the value of their reserves. The pros and cons of the existing methods are discussed. Also discussed is the need for a uniform accounting procedure.
Recommended Citation
Tatikonda, Lakshmi U. and Tatikonda, Rao J., "Cost Accounting Regulations in Oil and Gas Industries" (1978). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 384, pp. 311-314.
https://scholarsmine.mst.edu/umr-mec/384
Meeting Name
5th Annual UMR-DNR Conference on Energy (1978: Oct. 10-12, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Economics of Energy II
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1978 University of Missouri--Rolla, All rights reserved.
Publication Date
12 Oct 1978
