Research on Innovation of Oil and Gas Asset Valuation Accounting Based on Perspective of Subject Integration

DOI

10.2991/aebmr.k.210809.027How to use a DOI?

Keywords

Oil and Gas Assets, Asset Valuation, Value of Oil, Gas Reserves

Abstract

Oil and gas assets are the core assets of oil and gas companies. Due to the particularity of the oil and gas industry, such as high investment, high risk, and mismatch of investment and income, the valuation of oil and gas assets, the determination of transfer income and the disclosure of information have become the three major problems in accounting academic research. This paper uses standardized research methods, literature review methods, and comparative analysis methods to conduct systematic research from three aspects: the composition boundary of oil and gas assets, the concept of reserve capitalization, and the method of reserve value evaluation, in order to clarify the connotation of oil and gas assets. It uses structure, scope and value measurement methods from the perspective of innovative research on cross-discipline integration, discussing the solution of accounting problems of oil and gas asset valuation, and tries to provide a valuable reference for China’s oil and gas accounting standards and international convergence.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuanyuan Shi
AU  - Ruirui Fang
PY  - 2021
DA  - 2021/08/09
TI  - Research on Innovation of Oil and Gas Asset Valuation Accounting Based on Perspective of Subject Integration
BT  - Proceedings of the 2021 International Conference on Transformations and Innovations in Business and Education (ICTIBE 2021)
PB  - Atlantis Press
SP  - 191
EP  - 197
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210809.027
DO  - 10.2991/aebmr.k.210809.027
ID  - Shi2021
ER  -