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International oil company financial management in nontechnical language / by James Bush and Daniel Johnston

Author
Bush, James (James W.)
Published
Tulsa, Okla. : PennWell, [1998]
Copyright Date
©1998
Physical Description
xvi, 327 pages : illustrations ; 24 cm
Additional Creators
Johnston, Daniel

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Contents
FINANCIAL MANAGEMENT FOR THE PETROLEUM INDUSTRY: The importance of understanding international finance -- Petroleum industry prioneers in globalization concepts -- Financial management objectives -- Interrelaitonships of oil price, interest tates, capital investments, and debt -- Managing risks in the petroleum industry -- OIL AND GAS FINANCIAL AND ACCOUNTING SYSTEMS: Users of financial statements and their needs -- Recognition and measurement concepts -- cost classification -- Cash flows -- Earnings vs cash flows -- INTERGRATED MANAGEMENT SYSTEMS: Processes of the intergrated management system -- Strategic planning -- Scenario planning -- Long-range financial planning -- Forecasting financial position and requirements -- Percentage-of-sales method -- Other approache sto forecasting -- Annual performance plans -- Budget revisions -- Internal performance repoting -- COMPETITIVE COMPARISON: Finding comparison -- Bnenchmarking -- Key financial rations -- COST MANAGEMENT IN THE OIL AND GAS INDUSTRY: Total cost management -- Cost behavior -- Internal reporting and control systems -- Management control process and transfer pricing -- International transfer pricing -- Joint operating interests -- Assignment of costs to responsibility centers -- How a transfer price can affect profit maximixation -- Motivation, performance and rewards -- CAPITAL BUDGETING AND INVESTMENT THEORY: Present value theory -- Risk analysis -- Expected value theory -- Decision tree analysis -- Gambler's ruin theory -- Common pitfalls in risk analysis -- Utility theory -- Monte Carlo simulaiton -- Presentation to management -- and PETROLEUM FISCAL SYSTEMS: Negotiations and fiscal terms -- Families of systems -- Concessionary systems -- Production sharing contracts -- Basic elements -- WORKING CAPITAL MANAGEMENT: How much working capital is required? -- Working capital management -- Cash management -- Accounts receivanles -- Management of accounts apyables and accruals -- Technologies and techiques affecting working capital -- VAPITAL STRUCTURE AND COST OF CAPITAL: Capital structure decisions checklist -- Company's growth, development and financial requirements -- Return on equity as related to growth in earnings per share (EPS) -- Business risk -- Business forms and financing -- Financing well drilling and development through assignment of working interest -- Joint operating agreement -- International oil business -- Capital markets -- Long-term financing decision of an international company -- Cost of capital -- Capital asset pricing model -- The importanc eof the cpaital structure and financing -- FINANCIAL REPORTING AND INVESTOR/STOCKHOLDER RELATIONS: Development of SFAS -- Required supplemental disclosures -- Using the information from SFAS -- Inestor/stockholder relations -- ECONOMETRICS: Fundamentals of supply and demand -- OPEC capacity utilization.
Subject(s)
ISBN
0878145974 (alk. paper)
Bibliography Note
Includes bibliographical references (pages 311-312) and index.
View MARC record | catkey: 1683615