Conceptual Framework

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  • Topic: Financial Accounting Standards Board, Depreciation, Petroleum
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  • Published : September 28, 2010
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Financial Accounting Standards Board

ORIGINAL PRONOUNCEMENTS
AS AMENDED

Statement of Financial Accounting Standards No. 19
Financial Accounting and Reporting by Oil and Gas Producing Companies

Copyright © 2008 by Financial Accounting Standards Board. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Financial Accounting Standards Board.

FAS19

Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas Producing Companies STATUS
Issued: December 1977 Effective Date: For fiscal years beginning after December 15, 1978 and interim periods within those years (but amended by FAS 25) Affects: Supersedes FAS 9 Affected by: Paragraph 9 deleted by FAS 71, paragraph 26(t) Paragraphs 11 and 47 effectively amended by FAS 69, paragraph 5 Paragraph 30 effectively amended by FAS 69, paragraph 5, and amended by FAS 154, paragraph C8(a) Paragraphs 31 through 34 replaced by FSP FAS 19-1 Paragraph 31A added by FSP FAS 19-1 Paragraph 35 amended by FAS 154, paragraph C8(b) Paragraph 37 replaced by FAS 143, paragraph 23 Paragraph 44 replaced by FAS 145, paragraph 9(d) Paragraph 44 amended by FAS 153, paragraph 3(a) Paragraph 44(a) replaced by FAS 144, paragraph C7 Paragraph 47(e) amended by FAS 153, paragraph 3(b) Paragraph 47(l)(i) effectively amended by FAS 69, paragraph 5, and amended by FAS 157, paragraph E6 Paragraph 48 amended by FAS 25, paragraph 6 Paragraphs 48 through 59 deleted by FAS 69, paragraph 5 Paragraphs 59A through 59CC and footnotes 5a through 5f added by FAS 69, paragraph 5 Paragraph 59C(c) replaced by FAS 131, paragraph 133(b) Paragraphs 59I(a) and 59Z amended by FAS 160, paragraph C2 Paragraphs 59U and 59Y(c) amended by FAS 109, paragraph 288(u) Paragraphs 61 and 62 amended by FAS 96, paragraph 205(n), and FAS 109, paragraph 288(o) Paragraph added after paragraph 62 by FAS 121, paragraph 25, and replaced by FAS 144, paragraph C25 Paragraph 63 amended by FAS 25, paragraph 6, and effectively amended by FAS 25, paragraph 4, and FAS 69, paragraph 5 Paragraph 271 and footnotes 11 and 12 deleted by FAS 25, paragraph 7, and replaced by FAS 25, paragraph 34 Footnote 5a replaced by FAS 131, paragraph 133(a) Footnote 5d amended by FAS 131, paragraph 133(c) Other Interpretive Pronouncements: FIN 33 FIN 36 Other Interpretive Release: FASB Staff Position FAS 19-1 AICPAAccounting Standards Executive Committee (AcSEC) Related Pronouncement: SOP 94-6

FAS19–1

FAS19

FASB Statement of Standards

Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas Producing Companies CONTENTS Paragraph Numbers Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Standards of Financial Accounting and Reporting: Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic Concepts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accounting at the Time Costs Are Incurred. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Acquisition of Properties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exploration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
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