Join us on-demand for a panel discussion regarding oil and gas accounting methods. Recognizing the implications around financial reporting requirements for oil and gas companies under different accounting methods can help users of financial statements to better understand and manage future business decisions. Our discussion includes how different methods of tracking costs and evaluating depletion and impairment can impact the understandability of the financial results that are ultimately used for lending, investing or tax implications.
Oil & Gas Accounting Methods – Understanding Successful-Effort, Full-Cost and Income Tax Basis
Each accounting method presents a historical perspective that is not always reflective of the future economic outlook, and understanding the pros and cons of each are important to making operating decisions and capital allocations. In this panel discussion, our assurance and advisory professionals, Matt Federle and Chad Valentine, we will share perspectives on the following:
- The different accounting basis used for oil and gas companies
- How depletion and impairment are computed and evaluated
- The interpretation of financial reporting considerations of each accounting basis
- Matt Federle, Partner, Assurance Services - Weaver
- Chad Valentine, Partner, Assurance Services - Weaver
This webinar is for all levels of business professionals, accountants and CFOs. Please note that CPE credit is not awarded for recorded webinars. Keep an eye on our events page, or sign up to receive invites for future webinars.