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COURSE FUNDAMENTALS OF UPSTREAM ACCOUNTING August 2425, 2015 Houston Marriott West Loop by The Galleria Houston, TX EPCI is authorized by FACET to offer 1.0 Zeus for the course. EPCI is authorized
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How to fill out fundamentals of upstream accounting:

01
Start by understanding the basic concepts and principles of upstream accounting, including the key terminology and industry-specific jargon.
02
Familiarize yourself with the different types of costs and expenses involved in upstream operations, such as exploration, drilling, and production costs.
03
Learn about the various accounting methods and practices specific to upstream operations, such as the successful efforts method or the full cost method.
04
Study the financial statements relevant to upstream accounting, including the income statement, balance sheet, and statement of cash flows.
05
Master the process of recording and analyzing revenue, expenses, and assets in upstream accounting, ensuring accuracy and compliance with industry regulations.
06
Stay updated with the latest developments and trends in upstream accounting, as the industry is constantly evolving and new regulations may be introduced.

Who needs fundamentals of upstream accounting:

01
Individuals working in the oil and gas industry, particularly those involved in upstream operations such as exploration, drilling, and production.
02
Accountants and financial professionals who provide services to companies operating in the upstream sector, as they need to understand the unique accounting practices and requirements specific to this industry.
03
Students pursuing a career in accounting or finance, as learning the fundamentals of upstream accounting can provide them with a competitive advantage when seeking employment in the oil and gas industry or related sectors.
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Fundamentals of upstream accounting refer to the accounting practices and principles specifically applied to the upstream sector of the oil and gas industry, which includes activities such as exploration, drilling, and production.
Companies involved in upstream activities in the oil and gas industry are required to file fundamentals of upstream accounting.
Fundamentals of upstream accounting can be filled out by following industry-specific accounting standards, regulations, and guidelines.
The purpose of fundamentals of upstream accounting is to accurately track and report financial transactions and performance related to upstream operations.
Information such as exploration costs, development expenditures, production revenues, and reserves data must be reported on fundamentals of upstream accounting.
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