A View Of Spot-Market Gas Accounting
โ Scribed by Eades, Robert R.
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 212 KB
- Volume
- 3
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
โฆ Synopsis
Robert R. Eades
Gas accounting does not change because a sale is a spot-market sale. The same requirements of gas accounting exist: in addition to the required accounting entries, these requirements include measurement, allocation, valuation, distribution, and reporting. What may change is the role of each participant in the transaction. Certainly, there is an increasing need for cooperation arid communication between the participants, and sometimes a few extra activities are necessayv.
1'0 understand these required activities, one needs to itlentlfy the responsibilities of each participant. These responsibilities should be assigned on the basis of who has the information and who is or should be best-equipped to perform the service. Written contracts or letters of understanding should be used to assure everyone involved that all required services will be performed and that duplicate services will be kept to a minimum.
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