This course provides an overview of the key principles with respect to oil and gas accounting. This includes an overview of the history of the petroleum industry, the organization of oil and gas companies, and the measurement principles of both oil and gas. This course includes specific topics related to reserves, different methods of accounting for costs incurred, impairments, and asset retirement obligations, as well as revenue recognition and DD&A (depletion, depreciation, and amortization). Finally, the course concludes with a discussion of the key supplemental oil and gas disclosures as well as both income tax and internal control considerations with respect to oil and gas producing activities.