Nov 25, 2024
OHIO University Undergraduate Catalog 2019-20

ACCT 3660 - Oil and Gas Accounting


This is a course designed to present the fundamentals of accounting for oil and gas exploration and production to accounting majors and other interested students.

Requisites: ACCT 1010
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Students will be able to describe and summarize the oil and gas industry.
  • Students will be able to explain oil and gas exploration activities, including the geology of petroleum.
  • Students will be able to describe and summarize basic oil and gas law.
  • Students will be able to record oil and gas activities in journal entries.
  • Students will be able to identify and explain successful accounting efforts in the oil and gas exploration industry.
  • Students will be able to apply full cost accounting in the oil and gas exploration industry.
  • Students will be able to explain income tax rules and tax planning in the oil and gas exploration industry.


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