Essential Bookkeeping Basics Every Bookkeeper Needs

If a method or practice is changed, or if you hire a new accountant with a different system, the change must be fully documented and justified in the footnotes of the financial statements. This principle ensures that any company’s internal financial documentation is...

Oil and Gas Accounting Training

These imbalances are tracked over time so that the parties involved can settle the differences. Valuation of reserves involves not just the quantity but also the quality of the hydrocarbons. Factors such as the type of crude oil, its sulfur content, and the presence...