Accounting for petroleum facilities Accounting in oil companies falls under the type of accounting for specialized establishments as a result that oil companies have special features and characteristics that make the accounting treatments for the activities of these companies have a special nature, although the main objective of accounting in these companies is consistent with their main objective in other establishments, whether they are commercial or You may also like the book of accounting in construction companies The goal of the topic Giving an idea to the demands of how oil is formed, the stages of oil production, and what is the focus of the oil production companies Definition of how to measure the amount of oil (in barrels) and the volume of gas in cubic feet that can be produced from fields Introducing the accounting system of oil companies and also how to carry out accounting operations for petroleum Characteristics of the petroleum industries that have an accounting impact The size of the investment. The problem of uncertainty and the difficulty of predicting. Depletion property and also the problem of diminishing assets. Expansion of the time dimension between revenues and costs. Variation in the accounting treatment of expenditures.