An excellent training manual and professional reference, ""Fundamentals of Oil and Gas Accounting, 5th Edition"", is packed with examples, diagrams, and appendices. The scope of this text is simply unmatched. The book has been completely updated to reflect the current issues facing oil and gas producers operating in both U.S. and international locations. Inside you'll find: a new chapter on asset retirement obligations and asset impairment; an added section on project, analysis and investment decision making; updated coverage of asset exchanges and fair value reporting requirements; thorough discussion of oil and gas pricing and marketing arrangements; and, updated examples and homework problems.