ACCOUNTANTS’ HANDBOOK VOLUM phần 1 pdf

[...]... world politics, economic conditions, and technology advances High-quality crude oil sold for $42 per barrel in late 19 79, $12 briefly in 19 86, $40 briefly in 19 90, in the $20 range in 19 91, $18 at the end of 19 95, $24 at the end of 19 96, $15 .50 at the end of 19 97, and under $14 by spring of 19 97 Oil prices also vary due to the quality of the oil and the location of the oil field In a given month, heavy sour... Aguerrebere, Sueiro LLC xix xx CONTENTS 10 Accounting for Business Combinations PAUL PACTER, PhD, CPA Director IAS Global Office Deloitte Touche Tohmatsu 11 Consolidation, Translation, and the Equity Method STEVEN RUBIN, CPA Deloitte & Touche LLP 12 Statement of Cash Flows JUDITH WEISS, CPA 13 Interim Financial Statements ANTHONY J MOTTOLA, CPA Mottola & Associates, Inc 14 Analyzing Financial Statements GERALD... 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, “Worldcon: The Fall of a Telecom Titan,” Time, July 8, 2002, p 21 xvii xviii PREFACE Volume One: Financial Accounting and General Topics includes: • A comprehensive review of the framework of accounting... (b) Tolling and Royalty Revenues 27.9 ACCOUNTING FOR MINING REVENUES 20 20 SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION— ORE RESERVES 22 27 .10 ACCOUNTING FOR INCOME TAXES 22 27 .11 FINANCIAL STATEMENT DISCLOSURES 22 27 .12 SOURCES AND SUGGESTED REFERENCES 23 27 .1 INTRODUCTION Accounting for oil and gas activities can be extremely complex because it encompasses a wide variety of business strategies and... Sondhi and Associates, LLC 15 Price-Change Reporting PAUL ROSENFIELD, CPA 16 Cash and Investments LUIS E CABRERA, CPA American Institute of Certified Public Accountants 17 Revenues and Receivables ALAN S GLAZER, PhD, CPA Franklin & Marshall College HENRY R JAENICKE, PhD, CPA Drexel University 18 Inventory RICHARD R JONES, CPA Ernst & Young LLP GARY L SMITH, CPA Ernst & Young LLP 19 Property, Plant, Equipment,... (SFAS) No 19 , which describes a “successful efforts” method of accounting SFAS No 25, which recognizes that other methods may be appropriate SEC Regulation S-X, Article 4, Section 10 (also referred to as S-X Rule 4 -10 ), which prescribes two acceptable methods for public entities—either the successful efforts method described in SFAS No 19 or a “full cost” method, as described in S-X Rule 4 -10 SFAS No... 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’ Handbook is accounting’s... Clarkson Professor of Accounting at Drexel University He is the author of Survey of Present Practiced in Recognizing Revenues, Expenses, Gains, and Losses (FASB, 19 81) and is the coauthor of the 12 th edition of Montgomery’s Auditing (John Wiley & Sons, 19 98) He has served as a consultant to several AICPA committees, the Independence Standards Board, and the Public Oversight Board Richard C Jones, PhD, CPA,... editions Please call 1- 877-762-2974 or email us at subscriber@wiley.com to receive any current update at no additional charge We will send on approval any future supplements or new editions when they become available If you purchased this product directly from John Wiley & Sons, Inc., we have already recorded your subscription for this update service Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME TWO: Special... States The United States is a mature exploration area producing 10 % of the world’s oil production from 63% of the world’s oil wells The global availability of quality exploration acreage, drilling personnel, and supplies has increased, whereas the related costs have dropped significantly since the boom period of the late 19 70s and early 19 80s 27.3 ACCOUNTING FOR JOINT OPERATIONS Oil- and gas-producing . 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 . addressed to the Permissions Department, John Wiley & Sons, Inc., 11 1 River Street, Hoboken, NJ 07030, 2 01- 748-6 011 , fax 2 01- 748-6008, e-mail: permcoordinator@wiley.com. Limit of Liability/Disclaimer. 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 TWO: Special