AG-20 Extrapolated Sales and Use Tax Audit Assessments
This publication is recommended as a guide in accounting for the allocation of sales and use tax charges/credits resulting from audits by governmental or regulatory agencies utilizing extrapolation procedures. Government sales and use tax audits frequently use sampling and extrapolation techniques in lieu of auditing an entire population of invoices. The resulting settlement or negotiation of such audit claims is not easily identified with specific properties or operations. This Guideline provides for an equitable method of allocating, to all properties impacted, the additional costs incurred or credits received as a result of extrapolated sales and use tax audit claims should the operator decide such amounts are chargeable to its non-operators. 11 pages. 2001.
AG-17 Refining And Marketing Exchange Accounting
This document establishes guidelines on how exchange companies should provide one another with information required to efficiently account for and reconcile exchange transactions. This serves as an information resource and establishes recommended accounting practices and procedures for petroleum product exchanges. 47 Pages. 1996.
AG-18 Revenue Variance Analysis
This guideline provides formulas useful in determining revenue variances including the following basic formulas: Price Variance = (New Price - Base Price) x New Volume; Volume Variance = (New Volume - Base Volume) x Base Price. It also provides helpful information on the types of variables that may affect operating revenue as well as examples of other areas of application for variance analysis (e.g., analyzing variable operating expenses). 11 pages. 1996.