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March 18, 2026The Accounting Review

An Analysis of Differences Between Non-major Oil Firms Using Successful Efforts and Full Cost Methods.

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Authors

EDEdward B. DeakinCollege of Accounting

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Overview

Analysis compares successful efforts and full cost accounting in oil firms, indicating differences in financial leverage.

Key Points

  • This analysis explores the differences between non-major oil firms using successful efforts and full cost accounting methods.
  • Analyzed data from oil companies using successful efforts and full cost accounting methods.
  • Compared exploration efforts and financial leverage between both groups.
  • Examined appeals made to the SEC regarding accounting method preferences.
  • Full cost companies were not more aggressive in exploration than successful efforts companies.
  • Full cost companies exhibited higher financial leverage, indicating greater reliance on external capital.
  • The cause for increased external funding in full cost companies remains undetermined.

Cite This Study

Edward B. Deakin (1979) studied this question.

synapsesocial.com/papers/69ba428e4e9516ffd37a2de2https://doi.org/10.2308/tar-4488991
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Discretionary Accounting Changes from "Successful Efforts" to "Full Cost" Methods: 1970-76.1988
  2. 2An Examination of the Association Between Accounting and Share Price Data in the Extractive Petroleum Industry.1975
  3. 3Properties of Accounting Numbers Under Full Costing and Successful-Efforts Costing in the Petroleum Industry.1976
  4. 4An Examination of the Association Between Accounting and Share Price Data in the Extractive Petroleum Industry: A Comment and Extension.1978
  5. 5The Effect of the Firm's Capital Structure on the Choice of Accounting Methods.1980