Accountants’ Handbook Special Industries and Special Topics 10th Edition_1 ppt

[...]... disclosure, and analysis Volume Two: Special Industries and Special Topics includes: • • • Comprehensive single-source coverage of the specialized environmental and accounting considerations for key industries, including, for the first time, a chapter on the film industry Thorough coverage of accounting standards applying to pension plans, retirement plans, and employee stock compensation and other capital... we have already recorded your subscription for this update service Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME TWO: Special Industries and Special Topics CHAPTER 27 OIL, GAS, AND OTHER NATURAL RESOURCES Richard P Graff, CPA The Graff Consulting Group Joseph B Feiten, CPA 27.1 INTRODUCTION 27.2 OIL AND GAS EXPLORATION AND PRODUCING OPERATIONS 27.3 ACCOUNTING FOR JOINT OPERATIONS (a) (b) (c) (d) 27.4... of accounting information The Accountants’ Handbook is accounting’s oldest handbook and has the longest tradition of providing comprehensive coverage of the field to both accounting professionals and professionals in other fields who need or desire to obtain quick, understandable, and thorough exposure to complex accounting-related subjects This edition of the Handbook continues the presentation initiated... volatility of prices, and the fluctuations in supply and demand for oil and gas In addition to having a working knowledge of accounting procedures, the oil and gas accountant should be familiar with the operating characteristics of companies involved in oil and gas activities and understand the impact of individual transactions Oil and gas activities cover a wide spectrum—ranging from exploration and production... School of Business Bernard M Baruch College, CUNY 26 Auditing Standards and Audit Reports DAN M GUY, PhD, CPA Clemson University ALAN J WINTERS, PhD, CPA Clemson University VOLUME TWO: SPECIAL INDUSTRIES AND SPECIAL TOPICS 27 Oil, Gas, and Other Natural Resources RICHARD P GRAFF, CPA The Graff Consulting Group JOSEPH B FEITEN, CPA 28 Real Estate and Construction CLIFFORD H SCHWARTZ, CPA PricewaterhouseCoopers... auditing topics PREFACE The tenth edition of Accountants’ Handbook has the same goal as the first edition, written over 79 years ago: to provide in a single reference source answers to all reasonable questions on accounting and financial reporting that might be asked by accountants, auditors, executives, bankers, lawyers, financial analysts, and other preparers and users of accounting information The Accountants’. .. editors of and contributors to nine earlier editions of the Handbook This edition draws heavily on the accumulated knowledge of those earlier editions Finally, we wish to thank Judy Howarth and Sujin Hong at John Wiley & Sons, Inc., for handling the many details of organizing and coordinating this effort D R CARMICHAEL P H ROSENFIELD CONTENTS VOLUME ONE: FINANCIAL ACCOUNTING AND GENERAL TOPICS 1 The... Bank and as an auditor at Deloitte and Touche She holds a BA and an MA in Hispanic Studies and an MBA in Accounting and Management John R Miller, CPA, CGFM, is a partner and member of the board of directors of KPMG Peat Marwick LLP He is partner-in-charge of the firm’s Public Services Assurance and Resource Management Services Mr Miller is a member of the Comptroller General’s Audit Advisory Committee and. .. with the encyclopedic coverage that has been the hallmark of this Handbook series, this edition again focuses on financial accounting and related topics, including auditing standards and audit reports, that are the common ground of interest for accounting and business professionals This edition was prepared during the unfolding of the Enron and WorldCom collapses, the largest bankruptcies in U.S history,... guidance are prominent Pronouncements by the AICPA, SEC, GASB, and EITF are considerably important in particular areas It is necessary to look to the EITF and to the AICPA SOPs and guides for guidance in specialized areas All of those sources of accounting guidance are included in this edition of the Handbook The tenth edition of the Handbook is divided into two convenient volumes: 1 Daniel Kadlec, . alt="" Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME TWO: Special Industries and Special Topics D. R. Carmichael Paul H. Rosenfield JOHN WILEY & SONS, INC. Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME. 0-4 71- 269 91- 3 (pbk. : v. 1 : alk. paper).—ISBN 0-4 71- 26992 -1 (pbk. : v. 2 : alk. paper) 1. Accounting—Encyclopedias. 2. Accounting—Handbooks, manuals, etc. I. Carmichael, D. R. (Douglas R.), 19 41 . 65-64634604/5/6 Customer Service: 65-64604280 Email: enquiry@wiley.com.sg Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME TWO: Special Industries and Special Topics D. R. Carmichael Paul H. Rosenfield JOHN WILEY &