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Course List

Specialized Corporate Accounting

  • Course Code :
    ACC 340
  • Level :
    Undergraduate
  • Course Hours :
    3.00 Hours
  • Department :
    Department of Accounting

Instructor information :

Area of Study :

This course examines contemporary company accounting and information disclosure issues applicable to organizations preparing financial statements at various junctures in the life cycle of a group of related entities. The course includes a number of selected accounting systems as accounting for hotels, petroleum companies, oil and gas organizations, not-for profits organizations e.g. clubs, and accounting for professional jobs

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Specialized Corporate Accounting

340: Specialized Corporate Accounting This course examines contemporary company accounting and information disclosure issues applicable to organizations preparing financial statements at various junctures in the life cycle of a group of related entities. The course describes and illustrates accounting and reporting issues from inception and acquisition to trading and termination in insurance, petroleum and Banking corporate, prerequisite

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Specialized Corporate Accounting

Course outcomes:

a. Knowledge and Understanding:

1- Understand Financial Accounting for Drilling and Development costs
2- Understand successful efforts accounting

b. Intellectual Skills:

1- Identify the chart of accounts for a successful efforts company
2- Identify the chart of accounts for a full cost company

c. Professional and Practical Skills:

1- Distinguish between Non drilling Exploration costs and Drilling and Development costs
2- Recording gas revenue

d. General and Transferable Skills:

1- Understand how to solve problems of financial statements at various junctures
2- Apply critical thinking skills to determine and support a solution to various junctures accounting problems

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Specialized Corporate Accounting

Course topics and contents:

Topic No. of hours Lecture Tutorial/Practical
Chapter Two: Introduction to Oil and Gas Accounting 4 3 1
Chapter Five 4 3 1
Second Mid-Term Exam 2
Chapter Ten: Accounting for Revenue from Oil and Gas sales 4 3 1
Chapter Ten 4 3 1
Revision 4 3 1
Chapter Two 4 3 1
Chapter Three: Non drilling Exploration costs-Successful Efforts 4 3 1
Chapter Three 4 3 1
First Mid Term Exam 2
Chapter Five: Drilling and Development costs-Successful Efforts 4 3 1
Quiz 4 3 1

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Specialized Corporate Accounting

Teaching And Learning Methodologies:

Teaching and learning methods
Data show and computer in lectures
Video demonstration
Group discussion
Self –learning

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Specialized Corporate Accounting

Course Assessment :

Methods of assessment Relative weight % Week No. Assess What

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Specialized Corporate Accounting

Books:

Book Author Publisher
Accounting for insurance institutions case study of egypt Mohamed l.hassouna
Bank Management And Financial Services Peter S. Rose McGraw Hill

Course notes :

Handouts

Recommended books :

Andrew Inkpen, Michael H. Moffett, The Global Oil & Gas Industry: Management, Strategy and Finance, 2011, PennWell Corporation

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