Journal

/Journal

2017 Year in Review

By | 2018-02-05T22:05:27+00:00 November 10th, 2017|Categories: Journal|

From PASC President Cody Austin   2017 has been a very busy time for the Petroleum Accountants Society of Canada (PASC). This year the society focused heavily on creating value for our members. Our key areas of focus have been updating and ensuring relevancy of publications, education and providing quality luncheons.     One of the key initiatives for 2017 has been [...]

Comments Off on 2017 Year in Review

Accounting Procedures

By | 2018-02-05T22:20:49+00:00 November 1st, 2017|Categories: Journal|

There are times when people ask me my opinion about the chargeability of certain items under the various PASC Accounting Procedures. Often the answer is clear cut and it is easy to point people in the right direction. Sometimes, I get asked about a grey area, in which case my answer is usually "tell me what side of the coin you [...]

Comments Off on Accounting Procedures

Cash Calls

By | 2017-11-10T05:56:37+00:00 August 14th, 2012|Categories: Journal|

Protocol, Practice and Problems When I sent out an open call for readers to suggest an operational accounting topic to write about, the response was overwhelmingly in favour of one topic: cash calls. To begin, why do we have cash calls in industry? In essence, the Operator isn’t supposed to make money over the Non-Operators just [...]

Comments Off on Cash Calls

Opinion & Commentary

By | 2017-11-10T04:19:39+00:00 March 12th, 2012|Categories: Journal|

The PASC 2011 Accounting Procedure – The First Look (Part 4, Opinion and Commentary) I recently found an old binder in my office bookcase labelled “Proposed PASC 2006”. I was part of a team that was providing some “industry comment” back to PASC at the time. Out of curiosity, I started flipping through the pages and [...]

Comments Off on Opinion & Commentary