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CORPORATE AND SOCIAL ACCOUNTING FOR PETROLEUM
Author(s) -
Ferran Bernardo
Publication year - 1981
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1981.tb00194.x
Subject(s) - petroleum , accounting , national accounts , economics , social accounting , accounting information system , petroleum industry , fossil fuel , business , engineering , paleontology , environmental engineering , biology , waste management
Present national accounting conventions regarding the treatment of flows and stocks in the petroleum sector are considered to be unsatisfactory. But changes in reporting requirements for oil and gas producers open up possibilities for a more satisfactory treatment. In this article some aspects of the newly adopted requirements are presented and the possible uses of the additional information available for improving social accounts are discussed.