A Survey of the Accounting and Financial Reporting Practices of United Kingdom Oil and Gas Companies
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C. Terry Heazlewood
Professor Heazlewood has examined the financial reports of 50 oil and gas companies in the United Kingdom. In this article, he summarizes the results of the study. Such topics as methods used to account for pre-production expenditures, financial statement titles and classifications, depletion and amortization methods, site restoration costs, cost centers, cost ceilings, reserve disclosures, and current costs are included in the study.
A Survey of the Accounting and Financial Reporting Practices of United Kingdom Oil and Gas Companies. Heazlewood, C. Terry, Summer 1985, pp. 75‑92.