Petroleum Accounting

Course Details

Course Number: 4013  Section Number: 180

Fall 2010

Location: Dillard College of Business Administration

Classroom Number: 338

Days & Times:

5:30 p.m - 6:50 p.m

Course Attachments

Syllabus  syl-bt1234MWS-2010-Fall-ACCT4013-20100825-102307.pdf


MSU Faculty Member
Dr. Bob Thomas   
view Profile »

Course Objectives

General Learning Goals:

Students will demonstrate problem solving and decision making abilities through the critical

analysis, evaluation, and interpretation of petroleum accounting information. Classroom

discussion, problem assignments, and examinations will require students to use critical thinking

skills to apply accounting concepts and principles to various situations. Demonstrations of

problem solving and decision making abilities will be included in class lectures. Students will

develop these skills by completing assigned homework and/or in-class exercises. The

development of each student’s abilities will be assessed through examinations which require

problem solving and decision making.

Students will be able to utilize available technology for common business applications.

Homework is assigned which requires the student to use the computer. In addition, a course

WebCT site is available for the student’s use.

Course Expectations

This course seeks to provide the undergraduate accounting student with a foundation in

fundamental petroleum accounting. A student who successfully completes this course should be

able to:

understand the various crude oil and natural gas exploration and production activities,

understand the jargon common to the petroleum industry and to petroleum accounting, and

understand, identify, and appropriately apply petroleum accounting principles to various

exploration and production activities.

Grading Standards

Grading and Evaluation:

Grading and evaluation will be as follows:

Percentage Items

25% Exam 1

25% Exam 2

25% Exam 3

25% Miscellaneous (homework, quizzes, groupwork, etc.)

100% Total

A course grade of 90% or better will result in a letter grade of A, 80-89% B, 70-79% C, 60-69%

D, <60% F.

Submission Format PolicyNote: You may not submit a paper for a grade in this class that already has been (or will be) submitted for a grade in another course, unless you obtain the explicit written permission of me and the other instructor involved in advance.

Plagiarism Policy Plagiarism is the use of someone else's thoughts, words, ideas, or lines of argument in your own work without appropriate documentation (a parenthetical citation at the end and a listing in "Works Cited")-whether you use that material in a quote, paraphrase, or summary. It is a theft of intellectual property and will not be tolerated, whether intentional or not.

Student Honor Creed

As an MSU Student, I pledge not to lie, cheat, steal, or help anyone else do so."

As students at MSU, we recognize that any great society must be composed of empowered, responsible citizens. We also recognize universities play an important role in helping mold these responsible citizens. We believe students themselves play an important part in developing responsible citizenship by maintaining a community where integrity and honorable character are the norm, not the exception. Thus, We, the Students of Midwestern State University, resolve to uphold the honor of the University by affirming our commitment to complete academic honesty. We resolve not only to be honest but also to hold our peers accountable for complete honesty in all university matters. We consider it dishonest to ask for, give, or receive help in examinations or quizzes, to use any unauthorized material in examinations, or to present, as one's own, work or ideas which are not entirely one's own. We recognize that any instructor has the right to expect that all student work is honest, original work. We accept and acknowledge that responsibility for lying, cheating, stealing, plagiarism, and other forms of academic dishonesty fundamentally rests within each individual student. We expect of ourselves academic integrity, personal professionalism, and ethical character. We appreciate steps taken by University officials to protect the honor of the University against any who would disgrace the MSU student body by violating the spirit of this creed. Written and adopted by the 2002-2003 MSU Student Senate.

Students with Disabilities The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Disability Support Services in Room 168 of the Clark Student Center, 397-4140.

Safe Zones Statement The professor considers this classroom to be a place where you will be treated with respect as a human being - regardless of gender, race, ethnicity, national origin, religious affiliation, sexual orientation, political beliefs, age, or ability. Additionally, diversity of thought is appreciated and encouraged, provided you can agree to disagree. It is the professor's expectation that ALL students consider the classroom a safe environment.

Contacting your Instructor All instructors in the Department have voicemail in their offices and MWSU e-mail addresses. Make sure you add your instructor's phone number and e-mail address to both email and cell phone lists of contacts.

Attendance Requirements

Participation/attendance will be monitored each class meeting. Class will begin at the scheduled

time. Each student is expected to remain until class is finished. Promptness is an expected quality

of individuals in any profession. These requirements are in accordance with the university

attendance policy. (See Midwestern State University 2009-2010 Student Handbook, p. 40).

Attendance will be taken at the beginning of each class. If a student comes in late, the student

must tell me at the end of that class period in order for the attendance record to be changed.

Attendance will be taken into consideration in borderline grade situations. Please note that poor

attendance typically results in a poor grade in the course.

Other Policies

Classroom Behavior:

It is important that the classroom environment be free of disruptions that may interfere with the

learning process. To minimize classroom distractions, students should observe the following rules:

1. Remain seated while the class is in progress (unless you become ill).

2. Avoid conversing with colleagues while the class is in progress.

3. Turn off all cell phones, beepers, and other wireless communications prior to entering the


4. Avoid food and beverage consumption in the classroom. With the exception of bottled


DILLARD BUILDING. Food and beverages can be consumed in the public areas in the

facility as well as in the conference rooms.

5. Turn off and put away laptop computers during class unless the laptop is being used during

authorized times: to access the course e-book and/or to take class notes.

6. Close and put away all materials not directly related to the ongoing course lecture (e.g.,

magazines, newspapers, books, and work from other classes, etc.).

7. Remain awake and attentive and be prepared to engage in class discussions at all times.

Midwestern State University’s Code of Student Conduct contained in the 2009-10 Student

Handbook, pages 69-80, will be adhered to explicitly.

 Instructor Drop:

An instructor may drop a student any time during the semester for excessive absences, for

consistently failing to meet class assignments, for an indifferent attitude, or for disruptive conduct.

The instructor must give the student a verbal or written warning prior to being dropped from the




Questions Regarding Course Grade:

Grades are confidential by law. Therefore, I do not post grades or reveal grades over the telephone

or by e-mail/fax. Grades will be posted on WebCT for this class. After grade reports are issued, if

you have a question about your grade, you must contact me within one month of the date your final

examination was administered. Due to storage limitations, I normally must discard exams, papers,

etc. after the first month into the following semester.

Exam Protocol:

You will need:

1. A ScanTron Form 882-E. These may be purchased at the MSU Bookstore.

2. Several No. 2 pencils for marking answers on your ScanTron.

3. A silent, basic four-function calculator that works throughout the exam (if the calculator

fails for any reason, the student may not share someone else’s calculator, but may borrow

one for the remainder of the exam). Programmable or alphanumeric calculators, calculators

with display greater than a single line, graphing calculators, Palm Pilots (or equivalent) or

cell phones may not be used for class work or exams.

Test dates may be changed as the semester progresses. If a student is absent, it is the student’s

responsibility to determine if a test date has been changed by checking WebCT.

CAUTION: If you erase an answer on your ScanTron Form, the ScanTron grading machine may

incorrectly grade your answers. Consequently, you must erase completely, if you erase a ScanTron

answer. Additionally, your answer blocks must be completely shaded in to ensure proper grading.

Items counted wrong by the ScanTron machine due to improper shading or erasing will receive zero


Examinations are returned to the student and discussed in class after they are graded. The student

should review the exam at this time as a learning tool and make note of any areas where

performance was not acceptable. Examinations will be collected from the student after they are

discussed in class and are retained as evidence of the student’s performance in this course. The

examinations are the property of Midwestern State University.

Missed Examinations:

The only valid excuses for missing an exam are illness requiring medical care, required university

activities, or a personal emergency of a serious nature. Makeups will be approved only in cases

where there are valid excuses for missing, and the student presents supporting documentation. Prior

permission is required, if possible; otherwise, documentation is required immediately upon

returning to this class; otherwise, no makeup will be allowed, and a grade of zero will be assigned

(You must discuss makeup approvals with me no later than the day of the first AIS class period that

you attend following the absence).




Academic Integrity:

With regard to academic honesty, students are referred to the “Student Honor Creed” on p. 19 of

Midwestern State University Undergraduate Catalog, Vol. LXXVIII, No. 1.

In short, cheating, collusion, and plagiarism will not be tolerated. The term “cheating” includes, but

is not limited to: (1) use of any unauthorized assistance in taking quizzes, tests, or examinations; (2)

dependence upon the aid of sources beyond those authorized by the instructor in writing papers,

preparing reports, solving problems, or carrying out other assignments; or (3) the acquisition,

without permission, of tests or other academic material belonging to a member of the university

faculty or staff.

Americans with Disabilities Act:

This class follows the guidelines suggested by the office of Disability Support Services for those

students who qualify for disability services. See Midwestern State University Undergraduate Catalog,

Vol. LXXVIII, No. 1, p. 21. Students with disabilities must be registered with Disability Support

Services before classroom accommodations can be provided.

Syllabus Change Policy:

This syllabus is a tentative guide for the course and is subject to change. Changes will be

communicated via WebCT. The number of Homework/Miscellaneous assignments is subject to

change. Assignment/project due dates and exam dates are also subject to change. The tentative

schedule included with this syllabus will be changed as necessary to accommodate the progress of

the class.

Additional Information:

You need to check WebCT regularly. If you miss a class, it is your responsibility to find out

what you missed, to acquire any handouts, and to get any assignments and submit them before

the due date. Following each class, I will post an entry on the WebCT “Calendar” feature

outlining what was covered/assigned in class that day.

All communication with me should be either by face-to-face communication or via

e-mail to If you choose to call my office, I’ll be happy to

answer and speak with you if I’m not busy helping someone else at that time. If you

leave a voicemail, all responses from me will be via e-mail to your preferred e-mail

address designated in WebWorld.

Writing Proficiency Requirement All students seeking a Bachelor's degree from Midwestern State University must satisfy a writing proficiency requirement once they've 1) passed English 1113 and English 1123 and 2) earned 60 hours. You may meet this requirement by passing either the Writing Proficiency Exam or English 2113. Please keep in mind that, once you've earned over 90 hours, you lose the opportunity to take the $25 exam and have no option but to enroll in the three-credit hour course. If you have any questions about the exam, visit the Writing Proficiency Office website at, or call 397-4131.