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October 1, 1978The Accounting Review

Measuring and Reporting the 'Replacement' Cost of Oil and Gas Reserves (Book).

Rene Pierre Manes Thomas J. Burns

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Key Points

The central aim is to explore how the replacement cost of oil and gas reserves can be measured and reported effectively.
Analyzed the methodologies presented in the book
Examined financial reporting techniques
Reviewed implications of accounting standards
Identified key frameworks for evaluating replacement costs
Highlighted challenges in current measurement practices
Discussed the impact of accurate reporting on financial assessments

Implication

Review of a book discussing methods to measure and report the replacement cost of oil and gas reserves.

Abstract

Reviews the book "Measuring and Reporting the 'Replacement' Cost of Oil and Gas Reserves," by Glenn A. Welsch and Edward B. Deakin.

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Cite This Study

Manes et al. (1978) studied this question.

synapsesocial.com/papers/69ba43e94e9516ffd37a5a7e https://doi.org/10.2308/tar-4482669

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

1Replacement Cost Accounting.Review · 1974
2Replacement Costs for Managerial Purposes (Book).Review · 1986
3The Use and Extent of Replacement Value Accounting in the Netherlands (Book).Review · 1983
4Performance Measurement of the Petroleum Industry.Review · 1980
5Accounting for replacement investments.Original Research · 1993

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Replacement-Value Accounting.1967
Environmental Costs and Liabilities: Accounting and Reporting Issues (Book).1994
Accounting Disclosures and the Market's Valuation of Oil and Gas Properties.1987

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