Introduction Accounting

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Introduction Accounting by Mind Map: Introduction Accounting

1. Specific in O&G

1.1. Contracts

1.1.1. Lease

1.1.2. Concessions

1.1.3. PSA

1.1.4. risk service agreements

1.2. Minerals rights

1.2.1. US often individuals

1.2.2. Normaly government ownes rights

2. Why Accounting?

3. Who needs Financial Statments?

4. What Acc.St. exist.

4.1. SFAS No. 69

4.1.1. Proved O&G reserve quantities

4.1.2. Capitalized costs relationg to O&G prod.

4.1.3. Costs incurred or A,E,D

4.1.4. Results of operations

4.1.4.1. Reserve disclosures

4.1.4.2. Value based

4.1.4.2.1. DCF

4.1.4.2.2. changes in DCF

4.1.4.3. non-value based

4.1.4.3.1. proved&probable

4.1.5. future net cash flow

4.2. 2001 Sorp(exc. reserve value)

5. Methoden

5.1. SE

5.2. FC

5.3. Overview Pro/Cons