Stock Analysts Gain Critical Insight into Oil & Gas Company Financial Statements with 7th Edition of Petroleum Accounting: Principles, Procedures, & Issues

DENTON, Texas, May 7, 2012 /PRNewswire-USNewswire/ -- With the rise in oil prices and evolution of new technologies for exploration and production, petroleum company stocks have become one of the hot investment opportunities for investors and analysts.  The 7^th edition of Petroleum Accounting:  Principles, Procedures, & Issues provides stock analysts with the underlying information and explanation of what goes into the numbers that are disclosed in the quarterly and annual financial statements.

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"Companies in the oil and gas industry face unique and challenging accounting issues that directly impact the financial statements, on which analysts may consider in determining their buy/sell recommendations.  This reference book provides analysts with the underlying explanations of accounting methods and the sources from which those numbers are derived," explains Dennis Jennings, a principal author and Editor-in-Chief of the new book.

Produced in conjunction with PricewaterhouseCoopers LLP (PwC), the 7^th Edition not only covers industry accounting and reporting changes and updates from the SEC, FASB, EITF, and the IRS, but also tackles many recent developments affecting all energy professionals.

Petroleum Accounting:  Principles, Procedures, & Issues is accompanied by a compact disc (CD), which provides a convenient means of research for forms, regulations, and often-used reference tools.  It retails for $225 plus shipping and is available for purchase at www.petroleumaccounting.org.

About The Professional Development Institute

The Professional Development Institute (PDI), located at the University of North Texas, is a 501(c)(3), not-for-profit education corporation that provides versatile, innovative, cost-effective training programs to professionals worldwide.  PDI is recognized as the world's leading provider of oil and gas accounting education as well as training programs for virtually all professional services areas.  Hundreds of companies and more than a half-million people have teamed up with PDI for training solutions over the past 35 years. Additional information about PDI can be found at www.pdi.org.

Contact
Jennifer Murray
940.565.4497
[email protected]

SOURCE Professional Development Institute

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