Course Syllabus
Contact Information
Course Details
For a list of course activities, scroll to the bottom of this page.
Course Prerequisites
This course is intended for MAcc or B/MAcc students, so I will assume an intermediate-level background in financial accounting. This includes comfort with debit/credit mechanics, financial statement components, and present value calculations, as well as familiarity with general accounting for periodic expenses and long-term assets.
A basic understanding of oil & gas exploration and production operations is invaluable to understanding the accounting for these activities. Although we will spend one module going over basic E&P operations, I highly encourage you to familiarize yourself with the topic prior to the start of class.
Course Materials
Required Materials
- Fundamentals of Oil & Gas Accounting, 6th edition by Charlotte J. Wright. ISBN: 978-1593703639.
- The ebook version of this textbook is available through Vitalsource.com by following this link: https://www.vitalsource.com/products/fundamentals-of-oil-amp-gas-accounting-charlotte-j-wright-phd-cpa-v9781593706760
- The printed version of this book is available through the OU Online Bookstore.
When appropriate, exhibits from the textbook and additional examples of information commonly used by upstream oil & gas companies will be made available in Canvas.
Reference Materials
For a more detailed overview of oil & gas exploration and production operations, I recommend the following textbook, which is available online through OU Libraries:
Note: To access this resource, you will need to log in using your OU 4×4 and password.
Grades
Breakdown
| Activity | Description/Points | Percentage |
|---|---|---|
| In-Class Activities | 12 assignments, 20 points each (lowest 2 grades will be dropped) | 15% |
| Live Session Attendance | 12 Live Sessions, 4 points each | 5% |
| Vocabulary Quizzes | 13 quizzes, 20 points each (lowest 2 grades will be dropped) | 10% |
| Virtual Field Trip Participation | 1 interactive tour video with accompanying quiz | 10% |
| Exams | 4 exams, 100 points each | 60% |
| Total | 100% |
Scale
| Percentage | Letter Grade |
|---|---|
| 90–100% | A |
| 80–89% | B |
| 70–79% | C |
| 60–69% | D |
| Below 60% | F |
Course Components
Live Session Attendance
You are expected to attend each Live Session. Tardiness or other disruptive behaviors will not be appreciated. During Live Sessions, you will be expected to have your video on, as these sessions are intended to be interactive.
For those students who are unable to attend the Live Session synchronously, the in-class activity (ICA) is available and due on the following Sunday at 11:59 p.m.
In-Class Activities
Each week, the Live Session will include an in-class activity at the end of class, allowing students to actively apply concepts learned. MS Excel will be used for all Live Session problem walkthroughs and the in-class activity.
Vocabulary Quizzes
There will also be vocabulary quizzes to encourage students to become familiar with essential terminology and application. Lists of targeted vocabulary words for each quiz will be posted in Canvas in advance, and basic definitions will be readily found in the textbook, textbook glossary, supplemental texts, and assorted online sources.
Exams
There are four (4) exams scheduled throughout the semester. These exams are not strictly cumulative, as each will cover the topics addressed in the weeks since the previous exam. The exams will be timed, but each exam has an associated practice exam to help you prepare beforehand.
Course Policies
Grade Adjustment
To accommodate potential conflicts with your schedules during a given week, I will automatically drop your two (2) lowest in-class activity scores and your one (1) lowest vocabulary quiz score.
Communication
Announcements, course materials, and grades will be posted in Canvas throughout the semester. I may also contact you using your OU email as needed.
Email is the best way to contact the professor. You can expect a prompt response, within 24–36 hours.
University Academic Policies and Student Support
Access the University Academic Policies Document.
Course Summary:
| Date | Details | Due |
|---|---|---|