Oil and Gas Accounting FLEXCAST
Available Until
Your Desk
9.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
This oil and gas accounting course takes a close look at the intricate world of oil and gas accounting, designed to equip you with the skills and knowledge to navigate this specialized industry confidently. This oil and gas CPE covers a wide array of topics, including the successful efforts and full cost methods, reserve reporting, unit of production method, severance taxes, and joint interest accounting. These topics are crucial for understanding the unique accounting issues in the oil and gas industry. By understanding the different steps in exploring, developing, and producing oil and gas properties, you’ll be better positioned to handle the complex accounting requirements of this sector. This oil and gas tax accounting CPE also provides a detailed look at various cost classifications, production costs, and the documentation and accounting processes involved in oil and gas operations. With this comprehensive exploration of oil and gas accounting considerations, you’ll be able to effectively manage and report on the financial aspects of energy operations, enhancing your credibility and expertise in this niche but critical industry.
Highlights
Oil and gas operations. Oil and gas accounting. Successful efforts method. Full cost method. Depreciation, depletion, and amortization. Accounting for production costs, and more.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Recognize the various steps in the process of exploring for, developing, and producing on an oil and gas property. Identify the different types of wells. Identify the documentation used to record produced oil and gas. Recognize the contents of a lease arrangement.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $56.00
Member Price $49.00