Research On The Accounting Problem Of Oil And Gas Reserves Assets

Oil and gas reserves are the most important assets in the companies. They are not onlythe source of profit, but the basis for future development. With the deepening of reform andthe three major oil companies listed successful, oil and gas reserves will be paid moreattention. It is helpful to evaluate rationally the oil companies' situation of assets andliabilities to buyers and sellers. To listed oil company, it helps to optimize plans of thecompany, to establish company's budget, to develop long-term planning. Shareholders couldunderstand the company's financial position better.In this chapter there are three research methods. These methods are as follows:normative research, empirical study, literature review.In the field of oil and gas accounting, develop accounting standards and constantlyimprove and develop is a difficult task at present and future. The accounting problems of oiland gas assets can not be avoided. This article discusses oil and gas assets'confirmation andmeasurement problems. Explore oil and gas assets information's disclosure. At present, inChina's oil and gas accounting report disclosure reliability is the main principle to comply andrelevance is secondary. This affected the investors to analyze decision-making of investment.So this article discusses the oil and gas reserves disclosure in detail.