Overview
The recent declines in worldwide crude oil and natural gas prices may create a number of accounting and disclosure implications for oil and gas entities. They may also have an indirect effect on their suppliers, customers, lenders and others that directly or indirectly rely on or do business with entities in the oil and gas industry. Our Technical Line addresses some of the accounting and reporting considerations for companies that are directly or indirectly affected by the recent declines in oil and gas prices.
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