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.
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.
5th Annual UMR-DNR Conference on Energy (1978: Oct. 10-12, Rolla, MO)
Article - Conference proceedings
Economics of Energy II
© 1978 University of Missouri--Rolla, All rights reserved.
12 Oct 1978