#046 - COPAS's New Accounting Procedure and Model Form Interpretation

The Oil & Gas Accounting Podcast

On today's episode, we are talking with guests Karla Bower and Roger Gan, members of COPAS, who've been working for the last four years on a new accounting procedure and model form interpretation. Hear first-hand about some of the changes that you will find when it is officially rolled out.

On this episode we will talk about:
• What are the COPAS accounting procedure?

• The primary change in first level supervision is addressing contract labor

• The new form and what it entails

• The biggest changes from 2005 Accounting procedures

• Two big takeaways regarding the materials that are used on the accounting forms

• Why they did not want the MSI - it would paraphrase the accounting procedure which would not help anybody

To listen to this episode check it out on iTunes + Stitcher or on the website.

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About COPAS:
COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org