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What Determines Management Cash Flow Forecasts In The Oil And Gas Industry
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Book Synopsis What Determines Management Cash Flow Forecasts in the Oil and Gas Industry? by : Yun Fan
Download or read book What Determines Management Cash Flow Forecasts in the Oil and Gas Industry? written by Yun Fan and published by . This book was released on 2015 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the determinants of management cash flow forecasts in the oil and gas industry. The oil and gas industry is one of the most important industries worldwide. Oil is considered the number one commodity, which accounts for roughly ten percent of world trade (Wright and Gallun 2008). The industry is characterized by unstable prices, diminishing supplies, and increasing demand. As suggested by prior research and current accounting standards, cash flow information is especially relevant for understanding the operations of oil and gas firms. We identify firm characteristics that affect oil and gas firm managers' decision to forecast cash flows. We find that managers of the firms 1) in financial distress, 2) with higher leverage, 3) obtaining more debt in the following year, 4) with more intensive capital investment, and 5) with higher earnings volatility are more likely to issue cash flow forecasts. The decision to provide such forecasts is negatively related to growth opportunities and cash flow volatility. Our study contributes to the understanding of why some oil and gas firms provide specific guidance of cash flows beyond the required disclosure, while others do not.
Book Synopsis Cash Flow Forecasting by : Andrew Fight
Download or read book Cash Flow Forecasting written by Andrew Fight and published by Elsevier. This book was released on 2005-10-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budgets are like road maps -- they provide a direction for a corporates financial management. Balance sheets and statements of revenues also provide insights into how well a company is following that direction. But cash flow and cash flow forecasts are what guide the day-to-day itinerary for an organization. Budgets and cash flow are dynamic -- adjustments and changes can and should occur. If you understand what you are looking at, you can use cash flow to create better budgets and thus more accurate cash flow forecasting. Cash Flow Forecasting outlines the techniques required to undertake a detailed analysis of the cash flow dynamics of the business from both a historical and forward looking perspective. Cash Flow Forecasting explains how to: * Determine appropriate cash flow figures from pro forma financial statements * Interpret detailed cash flow forecasts and understand the difference between profit and cash flow * Conserve or generate cash in the short term * Evaluate different methods of project evaluation * Recognize the limitations of accounting information in valuing companies *Inspired by basic entry level training courses that have been developed by major international banks worldwide * Will enable students and those already in the finance profession to gain an understanding of the basic information and principles of cash flow forecasting * Includes questions with answers, study topics, practical "real world" examples and extensive bibliography
Download or read book Managing Cash Flow written by Rob Reider and published by John Wiley & Sons. This book was released on 2003-02-17 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides the tool necessary to determine and evaluate the effectiveness of a corporation's management of cash. Examines how operational activities can affect cash flow management. Shows how effective cash flow management can improve corporate performance and increase shareholder value. Provides an overview of cash management techniques.
Book Synopsis Cash-Flow Forecasting by : William A. Loscalzo
Download or read book Cash-Flow Forecasting written by William A. Loscalzo and published by Prentice Hall. This book was released on 1982 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cash Flow Analysis and Forecasting by : Timothy Jury
Download or read book Cash Flow Analysis and Forecasting written by Timothy Jury and published by John Wiley & Sons. This book was released on 2012-05-03 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the definitive guide to cash flow statement analysis and forecasting. It takes the reader from an introduction about how cash flows move within a business, through to a detailed review of the contents of a cash flow statement. This is followed by detailed guidance on how to restate cash flows into a template format. The book shows how to use the template to analyse the data from start up, growth, mature and declining companies, and those using US GAAP and IAS reporting. The book includes real world examples from such companies as Black and Decker (US), Fiat (Italy) and Tesco (UK). A section on cash flow forecasting includes full coverage of spreadsheet risk and good practice. Complete with chapters of particular interest to those involved in credit markets as lenders or counter-parties, those running businesses and those in equity investing, this book is the definitive guide to understanding and interpreting cash flow data.
Book Synopsis Cash Flow Forecasting and Liquidity by : Brian Coyle
Download or read book Cash Flow Forecasting and Liquidity written by Brian Coyle and published by Global Professional Publishi. This book was released on 2000 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Topics include: � Planning and preparation for forecasting cash flow � The importance of liquidity in financial management � Establishing baseline forecasting models � Sample exercises
Book Synopsis The Economics of the Oil and Gas Industry by : Joshua Yindenaba Abor
Download or read book The Economics of the Oil and Gas Industry written by Joshua Yindenaba Abor and published by Taylor & Francis. This book was released on 2023-03-06 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive not only with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of the oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend knowledge of the sector in ways that existing books do not. The book includes relevant cases and, thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry, and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.
Book Synopsis Project Finance for the International Petroleum Industry by : Robert Clews
Download or read book Project Finance for the International Petroleum Industry written by Robert Clews and published by Academic Press. This book was released on 2016-04-07 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors—including oil and gas, energy, infrastructure, and mining—and the oil and gas industry represents around 30% of the global project finance market. With over 25 year’s project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures. Combines the theory and practice of raising long-term funding for capital intensive projects with insights about the appeal of project finance to the international oil and gas industry Includes case studies and examples covering projects in the Arctic, East Africa, Latin America, North America, and Australia Emphasizes the full downstream value chain of the industry instead of limiting itself to upstream and pipeline project financing Highlights petroleum industry players, risks, economics, and commercial and legal arrangements
Book Synopsis Oil & Gas Accounting & Economics by : Methadius Iweanya Ofili
Download or read book Oil & Gas Accounting & Economics written by Methadius Iweanya Ofili and published by Independently Published. This book was released on 2022-02-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and Gas firms can chose between the Successful Efforts Accounting and the Full Cost Accounting. While the latter capitalizes on all operating expenditures related to locating new oil and gas reserves, and subsequently allocates these costs to future periods, irrespective of exploration outcomes, the former, that is, Successful Efforts Accounting, allows a company to capitalize only those expenses associated with successfully locating new reserves. If unsuccessful or there is "dry hole" outcomes, the firm charges associated operating costs immediately against revenues for that period. With reliable unified reporting, informed decisions can be made as far as production planning, asset management and financial management are concerned. The Petroleum Profit Tax Act, provides for mandatory accurate hydrocarbon accounting including oil block acquisition, payables, receivables, joint venture accounting, tax oil, profit oil, operating income, depreciation, depreciation allowance, amortization, cost depletion, ringfencing, contractual systems such as pure service contracts, production sharing contract, pure service contracts, risk service contracts, technical assistance agreements, oil mining lease, petroleum licensing rounds and joint ventures, gross oil production, cost recovery, royalty oil, contractor share, Home Government share, contractor profit, income tax and bonuses, royalty payment, work commitment, cost recovery limits, participation agreement, operating agreement, MOU, depletion calculation, cost depletion, concessionary deductions, commerciaIty requirement, profits and taxes, the economic rent theory, economic limit, reserve recognition accounting, reserves classifications, bonuses, rents, royalty trust, cost and full accounting, royalties, concessionary fiscal systems, chargeable profit, chargeable tax, assessable tax, disallowed deductions, adjust for profit and production splits. The Petroleum Economists, on the other hand, assist and enhance making investment decisions by analyzing these and other factors including exploration and well drilling data driven decision making or whether or not the development of an entire gas production project should proceed. Their inputs are critical in Production Sharing Contracts negotiations and oil and gas block purchase. They are inevitably involved in the evaluation and management of the operational, environmental, geological, technical, economic and related risks involved in different phases of oil and gas projects. Their work includes the financial analysis of oil and gas production as well as the forecasting of cash flow, oil and gas development assessment, economic indicators, risk analysis and the analysis of the effects of taxation. They also advise on the economic viability and attractiveness of petroleum ventures and operations, quantification of all forms of uncertainties such as reservoir pattern, future oil and gas prices, development costs, bonus payment determination, when the organization is bidding for oil and gas tracts or leases. Using profitability analysis, they prepare guidelines for the selection of the best alternative development options. They provide economic frameworks through which help investors address the three major questions in E&P investment decision making: What is the cost of the proposed E&P venture? What are the absolute economic value and relative cost of the E & P venture? How profitable is the venture when compared to alternative available investment opportunities?
Book Synopsis Petroleum Reservoir Management by : Pathak
Download or read book Petroleum Reservoir Management written by Pathak and published by CRC Press. This book was released on 2021-08-20 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Petroleum reservoir management considerations and practices are deeply rooted in the optimization of development objectives, requisite investments, operational costs, and philosophy in addition to the dynamics of timely decision-making. Petroleum Reservoir Management: Considerations and Practices highlights the key reservoir management topics and issues that engage the attention of exploration and production companies over the life cycle of an oilfield. This is the only book to exclusively address petroleum reservoir management based on actual field development experience. It emphasizes the role of good project management, the value of a quantitative assessment of reservoir health, the importance of using good practices, and the need for true collaboration among various team players to maximize the benefits. The book expands the scope of reservoir management from field operations to boardroom discussions about capital financing to product pricing criteria, mechanisms, and strategies. FEATURES Reviews subsurface and surface management issues Discusses project and price management factors critical to the oil industry Describes macromanagement issues covering the reservoir life cycle from production to pricing Includes the role and significance of teamwork, open communication, and synergy in reservoir management This book is aimed at professionals and graduate students in petroleum and reservoir engineering, oil and gas companies, and environmental engineering.
Book Synopsis Introduction to Finance by : Ronald W. Melicher
Download or read book Introduction to Finance written by Ronald W. Melicher and published by John Wiley & Sons. This book was released on 2013-10-28 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifteenth edition of Introduction to Finance: Markets, Investments, and Financial Management builds upon the successes of its earlier editions while maintaining a fresh and up-to-date coverage of the field of finance. Distinguished authors Ron Melicher and Edgar Norton continue to cover the three major financial areas: institutions and markets, investments, and financial management. Their effective structure equips instructors with maximum flexibility for how the course is taught, and students with an integrated perspective of the different foundations of finance. This survey of the basic knowledge, concepts, and terms of the discipline is appropriate for all students. For those who do not plan to take additional courses in finance, it provides a valuable overview. For those who want to take additional coursework in finance, it provides a solid foundation for their future studies and careers.
Book Synopsis Information Content of Canadian Oil and Gas Companies' Cash Flow Disclosures by : Howard D. Teall
Download or read book Information Content of Canadian Oil and Gas Companies' Cash Flow Disclosures written by Howard D. Teall and published by . This book was released on 1990 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Valuation of Cash Flow Forecasts by : Steven N. Kaplan
Download or read book The Valuation of Cash Flow Forecasts written by Steven N. Kaplan and published by . This book was released on 1994 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the market value of highly leveraged transactions (HLTs) to the discounted value of their corresponding cash flow forecasts. These forecasts are provided by management to investors and shareholders in 51 HLTs completed between 1983 and 1989. Our estimates of discounted cash flows are within 10%, on average, of the market values of the completed transactions. Our estimates perform at least as well as valuation methods using comparable companies and transactions. We also invert our analysis and estimate the risk premium implied by transaction values and forecast cash flows, and the relation of the implied risk premium to firm-level betas, industry-level betas, firm size, and firm book-to-market ratios.
Book Synopsis Forecasting Stock Prices by : Luna Tjung
Download or read book Forecasting Stock Prices written by Luna Tjung and published by Lulu.com. This book was released on with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis List of Bureau of Mines Publications and Articles ... with Subject and Author Index by : United States. Bureau of Mines
Download or read book List of Bureau of Mines Publications and Articles ... with Subject and Author Index written by United States. Bureau of Mines and published by . This book was released on 1975 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Research Abstracts written by and published by . This book was released on 1989 with total page 1470 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International GAAP 2019 by : Ernst & Young LLP
Download or read book International GAAP 2019 written by Ernst & Young LLP and published by John Wiley & Sons. This book was released on 2019-01-14 with total page 4871 pages. Available in PDF, EPUB and Kindle. Book excerpt: International GAAP® 2019 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS. Written by EYs financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world. The 2019 edition of International GAAP® has been fully revised and updated in order to: • Continue to investigate the many implementation issues arising as entities adopt IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers). • Explore the complex implementation issues arising as entities adopt, in 2019, IFRS 16 (Leases). • Include an updated chapter on the new insurance contracts standard IFRS 17 (Insurance Contracts), which reflects the recent discussions of the IASB’s Transition Resource Group on implementation issues raised, proposed narrow-scope amendments to IFRS 17 intended by the IASB, and also explores other matters arising as users prepare for the adoption of this standard. • Include an amended chapter on the revised Conceptual Framework, which was published in March 2018. The changes to the Conceptual Framework may affect the application of IFRS in situations where no standard applies to a particular transaction or event. • Address amended standards and new interpretations issued since the preparation of the 2018 edition. • Explain the many other initiatives that are currently being discussed by the IASB and by the IFRS Interpretations Committee and the potential consequential changes to accounting requirements. • Provide insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book’s authors in dealing with current issues.
