Oil & Gas — Accounting, Financial Reporting, and Tax Update (January 2016)

Published on: 03 Feb 2016

This third annual publication from Deloitte (United States) discusses accounting, tax, and regulatory matters that O&G entities will need to consider, including updates to SEC, FASB, and tax guidance with a specialized focus on industry accounting topics affecting O&G companies. New in this year’s publication is a focused discussion on accounting and reporting considerations related to the new leases standard expected to be issued in early February 2016.

Certain sections of this publication are designed to help you understand and address potential challenges in the accounting for and reporting of topics on which the FASB has recently issued proposed standards or final standards that are not yet effective. Our publication discusses such proposals and codified guidance and highlights nuances that could affect the O&G industry, helping you plan a roadmap for future regulatory and reporting environments.



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