Author: Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 490
Book Description
Petroleum Accounting and Financial Management Journal
Author: Petroleum Accounting and Financial Management Journal
Author: Fiscal Systems for Hydrocarbons
Author: Silvana TordoPublisher: World Bank Publications
ISBN: 082137267X
Category : Technology & Engineering
Languages : en
Pages : 86
Book Description
Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.
Gas, oil and the Irish state
Author: Amanda SlevinPublisher: Manchester University Press
ISBN: 1526100975
Category : Social Science
Languages : en
Pages : 213
Book Description
Gas and oil are pivotal to the functioning of modern societies, yet the ownership, control, production and consumption of hydrocarbons often provokes intense disputes with serious ramifications. Gas, oil and the Irish state examines the dynamics and conflicts of state hydrocarbon management and provides the first comprehensive study of the Irish model. Interpreting the Corrib gas conflict as a microcosm of the Irish state's approach to hydrocarbon management, the book articulates environmental, health and safety concerns underpinning community resistance to the project. It emphasises how the dispute exposed broader issues, such as the privatisation of Irish hydrocarbons in exchange for one of the lowest rates of government take in the world, and served to problematise how the state functions, its close relationship with capital and its deployment of coercive force to repress dissent. Analysis of these issues occurs within an original account of decision-making and policy formation around Irish hydrocarbons from 1957 to 2014. The book traces the development of the state's approach in tandem with occurrences in Irish political economy and examines the impact of global trends on different approaches to hydrocarbon management. A comparative case study of Norway reveals ideological, political, social and economic forces which influence how states manage their hydrocarbons - factors which the book uses as the basis for a rigorous critique of the Irish model.
Advances in Accounting
Author: Philip M J ReckersPublisher: Elsevier
ISBN: 0080460518
Category : Business & Economics
Languages : en
Pages : 387
Book Description
Now in its twenty-first edition, Advances in Accounting continues to provide an important forum for discourse among and between academic and practicing accountants on issues of significance to the future of the discipline. Emphasis continues to be placed on original commentary, critical analysis and creative research - research that promises to substantively advance our understanding of financial markets, behavioral phenomenon and regulatory policy. Technology and aggressive global competition have propelled tremendous changes over the two decades since AIA was founded. A wide array of unsolved questions continues to plague a profession under fire in the aftermath of one financial debacle after another and grabbling with the advent of international accounting standards. This volume of Advances in Accounting not surprisingly includes articles reflective of recent focus on corporate governance, earnings management and the influence of the CEO, the accuracy of earnings forecasts and the value relevance or voluntary and mandated disclosures. This volume also looks at challenges facing the academic community with respect to technology and addresses pedagogical advances holding promise. AIA continues its commitment to the global arena by publishing research with an international perspective in the International Section inaugurated in Volume 20. As never before the accounting profession is seeking ways to reinvent itself and recapture relevance and credibility. AIA likewise continues to champion forward thinking research.
International Petroleum Accounting
Author: Charlotte J. WrightPublisher:
ISBN: 9781593701673
Category : International business enterprises
Languages : en
Pages : 583
Book Description
"This book illustrates various aspects of accounting in international petroleum operations. The authors discuss and illustrate international petroleum contracts and related contract accounting issues that arise and contrast U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world"--
Fulltext Sources Online
Author: Publisher:
ISBN:
Category : Information services
Languages : en
Pages : 1700
Book Description
Petroleum Fiscal Systems and Contracts
Author: Muhammed Abed MazeelPublisher: diplom.de
ISBN: 3836638215
Category : Business & Economics
Languages : en
Pages : 453
Book Description
Inhaltsangabe:Introduction: The petroleum fiscal system for a country is essentially the taxation structure, including royalty payments, that has been established by legislation. More broadly, the fiscal system includes all aspects of the contractual and taxation framework that governs the relationship between the host government and an international oil company. Worldwide, there are many different fiscal systems with different taxation and contractual terms. These vary from country to country and some countries use more than one system. Countries, for example, may offer concessionary system arrangements or service and production sharing agreements. Whichever system prevails, the issue for an oil company is how can it recover costs expended and how will the profit be divided. This depends upon tax regulations and the principles of the economics of the life of a field. The focus of this book is on the mechanics of the various kinds of fiscal systems and the factors that drive exploration and development economics. The emphasis is on practical aspects of petroleum taxation and industry/government relationships. There is also fertile ground for considering the philosophy of petroleum taxation which has changed the industry. Legal and operational aspects of contract/fiscal terms are also examined to provide a foundation in the dynamics of international negotiations. Both industry and government viewpoints are addressed in this book since a complete grasp of the subject requires an understanding of the aims and concerns of both sides. There are few things more discouraging for a government s national oil company than an unsuccessful licensing round. Yet prolonged, inconclusive negotiations can be equally frustrating for oil companies. This book has been written for those interested in petroleum taxation and international negotiations, and the way to carry out successful exploration and development projects. Much of the subject has evolved years ago whilst some aspects of taxation are timeless. Examples are included to give the reader a wide perspective about the implementation of fiscal systems. The terminology has changed over the years and will continue to develop. There is little standardisation of terms in the industry and the abundance of jargon can be rather daunting. The subjects covered in this book are often simple concepts wrapped up with industry and legal jargon. A glossary is provided to help with this. Much of the material provided [...]
Fundamentals of Oil and Gas Accounting
Author: Rebecca A. GallunPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 310
Book Description
FINANCIAL DERIVATIVES
Author: S.L. GUPTAPublisher: PHI Learning Pvt. Ltd.
ISBN: 812035348X
Category : Business & Economics
Languages : en
Pages : 893
Book Description
This highly acclaimed text, designed for postgraduate students of management, commerce, and financial studies, has been enlarged and updated in its second edition by introducing new chapters and topics with its focus on conceptual understanding based on practical examples. Each derivative product is illustrated with the help of diagrams, charts, tables and solved problems. Sufficient exercises and review questions help students to practice and test their knowledge. Since this comprehensive text includes latest developments in the field, the students pursuing CA, ICWA and CFA will also find this book of immense value, besides management and commerce students. THE NEW EDITION INCLUDES • Four new chapters on ‘Forward Rate Agreements’, ‘Pricing and Hedging of Swaps’, ‘Real Options’, and ‘Commodity Derivatives Market’ • Substantially revised chapters—‘Risk Management in Derivatives’, ‘Foreign Currency Forwards’, and ‘Credit Derivatives’ • Trading mechanism of Short-term interest rate futures and Long-term interest rate futures • Trading of foreign currency futures in India with RBI Guidelines • Currency Option Contracts in India • More solved examples and practice problems • Separate sections on ‘Swaps’ and ‘Other Financial Instruments’ • Extended Glossary