Yaga, Yaga and Pratama, Indra (2016) Analysis of Comparing the Reporting Impact of Successful Effort & Full Cost Method of Accounting towards Financial Information and Income Tax for the Year 2011 – 2015: A Case Study of BUT TP. Bachelor thesis, Swiss German University.

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Abstract

The application of an approved accounting method of oil and gas is required by the FASB for the operation of an oil and gas company. The available accounting method applicable is between Successful Effort and Full Cost method, but consideration in which method is to bettter to be applied is still under debate. The choice of this method relies on how the Production Sharing Contract (PSC) has been settled between the contractor and the government. For BUT TP’s case, according to the PSC and treatment for the costs of exploration, BUT TP is applying the SE method. This research aims to examine the differences of both SE & FC method in generating a financial outlook for users. This research focuses on only one company, which is currently applying SE method. If by any chance in the future, the company would transition using FC method, likely it will impact the financial information presented. The outcome of this research was that between both methods, there is significant difference the income statement and tax expense, but insignificant difference towards the statement of financial position. In conclusion, the significant difference of both methods is highlighted in the company’s income statement, on how it provides a financial outlook to users.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	Successful Effort; Full Cost; Statement of Financial Position; Income Statement; Tax Expense.
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.
Divisions:	Faculty of Business Administration and Communication > Department of Accounting
Depositing User:	Atroridho Rizky
Date Deposited:	17 Jul 2020 12:26
Last Modified:	17 Jul 2020 12:26
URI:	http://repository.sgu.ac.id/id/eprint/1269

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