REV-WEB-3 Oil Lease Sales Accounting

  • Mar 14th10 am CST90 mins
  • Basic
  • Group Internet Based
  • None
  • None
  • Specialized Knowledge
  • Salomon Tristan
  • 1.5H CPE credit

Part of: REV-WEB Principles of Revenue Accounting Live Webinar Series



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This webinar is designed for individuals who wish to gain a basic Revenue Accounting understanding.  It will discuss contracts, volumetric data, and oil pricing.

Learning Objectives: By the end of this class you will be able to

  1. Differentiate between oil lease sales contracts
  2. Recall the volumetric data needed to record oil sales
  3. Determine how oil pricing is established
  4. Identify division of interest calculation variables
  5. Calculate oil sales accounting entries

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