Reform Accounting Methods in Petroleum Enterprises By Using the Experience of Other Coumtries for Reference
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Abstract
This paper analyzes the main differences and limitations of the present accoumting methods in Chinese petroleum enterprises with that of the universal accounting methods in the world. The universal ″achievement method″in the world should be used for reference. This paper also presents the ways and significance of present accounting method reform in respects of lease rent charge exploration cost development cost recovery cost and treatment methods of amortization cost and tax.
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