REV-WEB-3 Oil Lease Sales Accounting
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
- Differentiate between oil lease sales contracts
- Recall the volumetric data needed to record oil sales
- Determine how oil pricing is established
- Identify division of interest calculation variables
- Calculate oil sales accounting entries