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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
Oil and Gas Accounting 101COURSE ID: OG101
DESCRIPTION

Learn the special rules that govern tax accounting for oil and gas exploration and production activities. Know how to advise clients and provide compliance services whether the client is exploring, acquiring, developing or operating oil and gas properties. This course will provide a basic understanding of exploration and production activities and cover the proper accounting methods for these activities.

DESIGNED FOR: CPAs and EAs serving oil and gas producers, Controllers and even owners of oil and gas production companiesFIELD OF STUDY: TaxesLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Nichols Patrick CPE, IncCREDITS: 8.0OBJECTIVES:
  • To review the process of exploring, acquiring, developing and operating oil and gas properties
  • Distinguish between optional accounting methods available to small independent producers
  • Properly categorize costs
  • Select the best method for calculating depreciation, depletion and amortization
  • Account for joint operations
  • Apply unique tax accounting rules for revenues from oil & gas production
HIGHLIGHTS:

*The life cycle of an oil and gas property *Accounting methods for oil and gas producing activities *Categorizing costs *Depreciation, depletion and amortization *Accounting for joint operations *Revenue accounting

INSTRUCTOR
-TBD-
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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