ACCT 5720 - Energy Accounting, Federal Tax and Financial Reporting

3 hours

Focuses on upstream accounting, federal tax and reporting issues affecting the energy industry. Topics include successful-efforts and full-cost accounting, impairments, asset retirement obligations, production costs, joint interest operations, revenue streams, unitization, supplemental disclosures, conveyances, and completion decisions. Other topics covered include tax issues relative to the oil and gas industry, environmental liabilities and financial information used by energy companies for decision making. The material covered also includes a review of how accounting and tax information impact finance and operations from the local to the global level.

Prerequisite(s): ACCT 5130.