Research On Accouting Of Oil And Gas Assets Impairment

With three big oil companies going public, the concern on the gas and oil assets has also been strengthened in our country. Our country has issued the 27th accounting standard—exploit of oil and gas, The criterion has made the related stipulation to the gas and oil mining, the mining area rights and interests, as well as the mining area rights 'and interests' depreciation. It has also carried on the concrete provision regarding the mining area rights 'and interests' depreciation, but it has not given the concrete accountant processes, thus this leave the space to enterprise's actual operation. The oil and gas property is the petroleum and natural gas enterprise's important property, and is the key to constitute the oil and gas productivity, which directly decide the oil and gas mining enterprise's economic efficiency. So the accurate confirmation, the measurement, the record and the report of the oil and gas property obviously has the vital significance to the petroleum natural gas enterprise, also has the very tremendous influence to our country national economy.The oil and gas property is the petroleum natural gas enterprise's special property, it is very different from the common enterprise's fixed asset, having its own particularity, its confirmation, the measurement, the record and the report inevitably also have its unique processing method. Like other properties, the oil and gas property can also bring the economic interest for the enterprise, but this economic interest has the high uncertainty, how to measure the oil and gas property value accurately, has been the difficult problem which oil and gas accounting faces. How to judge whether the oil and gas property have the depreciation as well as the depreciation amount, have the vital significance to the accurate measurement to the oil and gas property and for supplying the accurate information to the benefit counterparts. This paper is combined standard research with case, by reviewing the relevant domestic and overseas documents and combining the characteristic of gas and oil assets, in order to study the rationale of accouting of oil and gas assets impairment. First, I discuss the definition and characteristics of the gas and oil exploration and assets. Then, do some research on the confirmation, measurement and calculation of the oil and gas assets impairment. And point out that the impairment of the gas and oil assets should be based on the cash-generating unit and elaborate how to build smallest property group of the gas and oil assets, as a result point out the problems and solutions in the calculations of the impairment of the gas and oil assets.