ACCOUNTANTS’ HANDBOOKVOLUME TWO:Special Industries and Special Topics potx

[...]... 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... 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... 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. .. industry specialist for healthcare accounting and financial reporting matters She has served on numerous AICPA, FASB, and Healthcare Financial Management Association task forces and committees dealing with healthcare financial reporting issues She is a contributing author on healthcare matters for Montgomery’s Auditing and the Financial and Accounting Guide for Not-for-Profit Organizations, and has authored... Government and Auditing Committee and is a recognized authority on governmental financial management Lailani Moody, CPA, MBA, is a partner in Grant Thornton LLP’s Professional Standards Group Her responsibilities are primarily in the area of accounting and financial reporting, and, in particular, stock compensation, equity transactions, and newly issued accounting pronouncements from the FASB and the FASB’s... of the two-volume set Bankruptcy and Insolvency Accounting: Practice and Procedures: Forms and Exhibits, Sixth Edition (John Wiley & Sons, 2000), and coauthor of Bankruptcy and Insolvency Taxation, Second Edition (John Wiley & Sons, 1994) He is a frequent contributor to professional journals and has lectured widely to professional organizations on bankruptcy-related topics Paul Pacter, PhD, CPA, is... Review: Practice, Theory, Auditing and Law, First and Second Edition (John Wiley & Sons, 1974, 1978) Laura J Phillips, CPA, is a senior manager in the Cleveland office of Ernst & Young LLP She was formerly assigned to the firm’s national offices in New York and Cleveland, specializing in the financial services industry She has been a Technical Audit Advisor to the Auditing Standards Board of the AICPA as well... years of professional accounting experience and has served clients in both the public and private sectors She works extensively with clients and engagement teams to prepare SEC filings and resolve related accounting and reporting issues Reed K Storey, PhD, CPA, had more than 30 years of experience on the framework of financial accounting concepts, standards, and principles, working with both the Accounting . 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 TWO: Special. 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 & SONS,. corporations, and attorneys. He has dealt with issues related to accounting, auditing, ethics, and controls standards and practices. He has testified as an expert witness in civil and criminal litigation and