Joint Venture Accounting Basics for Production Accountants

Production Accountants – want to know more about Joint Venture Accounting?  This seminar is an ideal introduction to the basics of Joint Venture Accounting.

Through examples and discussion, we will look at:

  • How can Cost Centers and Divisions of Interest (DOIs) differ in the PA world and the JV world?
  • What exactly is a DOI and why can there be numerous different ones per well?
  • What Production Accounting items get billed out on a Joint Venture Billing (JVB), where might a PA be asked to interpret/assist?
  • What are the differences between Taken in Kind (TIK) and non-TIK and where would we find non-TIK revenue and backup?

Speaker: Kent Geddes