Oilfield Capital Expenditures Accounting System Research

In recent years, with the rapid expansion of the scale of oilfields, to improve the level of management control and to increase invest are becoming more and more urgent demands. Joint-stock companies changed "investment-driven" to "efficiency-driven" development model. New research Oilfield Enterprises stock company with capital expenditure accounting system development, becomes the focus of attention of many oilfield enterprise wide.If enterprises are to develop, it is essential to strengthen the costing, and the economic situation of complete control. Do a good job cost accounting, for the enterprise efforts to increase savings, and carry out the economic system, improve management, enhance economic efficiency, is of great significance. Thus costing Changing Oilfield in the process should truly embody a "whole" word. Making a distinction between capital expenditure and revenue expenditure, direct costs and indirect costs, and through scientific analysis of possible accounting mathematical accounting, do possession count, and count as workable. It will not only provide financial management decision-making information, but also provide the conditions for identifying problems and potentials of innovation and strengthening financial management. And the further establishment of a comprehensive capital expenditure management control theory, Oilfield of the various capital expenditure and revenue expenditure, management and control the whole process, from decision-making, budget, accounting to evaluation.The focus of this article is, thought studying the new system of accounting standards-the criteria for oil and gas exploitation, Changing Oilfield Branch combination of the current capital expenditure management accounting problems, to establish a set of oilfield enterprises with the actual capital expenditure accounting system supervision and implementation process. So it reaches a standardized accounting of Capital expenditure, oversight processes, control costs and improve returns on investment purposes.