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MFI-40 24 Month Adjustment Period for Joint Account Adjustments - MFI 40 24 Month Adjustment Period for Joint Account Adjustments Cover - Council of Petroleum Accountants Societies

MFI-40 24 Month Adjustment Period for Joint Account Adjustments

This document discusses industry inconsistencies in the interpretation and application of the 24-month adjustment period and explains situations and provides examples of the situations where charges may be allowed outside the 24-month adjustment period.  23 pages.  2023.

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MFI-40 24 Month Adjustment Period for Joint Account Adjustments

SKU MFI-40 Categories ,

Description

Table of Contents

  1. Background
  2. Problem (Inconsistencies in Interpretation and Application)
  3. Interpretation
    1. Issuance of an Audit Report
    2. Physical Inventories
    3. Audit Exceptions Not Initiated by Operator
    4. Government/Regulatory Audit
    5. Ownership Interest Adjustments
    6. First Time or Amended Charges
    7. Joint Interest Audit Exceptions

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Additional information

Weight 4.0000000035274 oz
Dimensions 11 × 8.5 × 0.025 in
Format

Digital, Printed
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OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

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