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Accounting Procedures

The Petroleum Accountants Society of Canada (PASC) has released the highly anticipated 2011 version of the Accounting Procedure. Also released were three related interpretation guides required for a full understanding of the Accounting Procedure: Chargeable Engineering Activities, Chargeable Communication Systems and Chargeable Field Computer Systems.

Special thanks goes to the PASC Joint Interest Research Committee for leading this change initiative and creating the documents that are key to managing joint venture cost sharing arrangements. The Board of Directors of PASC and the Joint Interest Research Committee also extend their thanks to the many industry stakeholders who actively participated in the process through the various industry feedback cycles.

Reference copies of all four documents can be purchased online through the PASC Publications Order Form. Organizations interested in purchasing a site license can do so through the 2011 Accounting Procedure Site License order form.

The 2011 Accounting Procedure and related publications are now available for sale via a site license.

Reference copies of the 2011 Accounting Procedure and related publications can be ordered through the PASC Publications Order Form.

2011 Accounting Procedure: Authorized Licensees


Members, please Log In to the website to get your free access to accounting procedure reference copies and other select publications!

To learn more about the benefits of a PASC membership, or to become a PASC member, please see our Join PASC page.

Reference copies of all PASC Accounting Procedure documents can be ordered through our PASC Publications Order Form.

Draft documents are always freely available.


API-02 1976 Accounting Procedure and Explanatory Text

API-03 1983 Accounting Procedure and Explanatory Texts

API-07 1986 Frontier Exploration Accounting Procedure and Explanatory Text

API-08 1988 Accounting Procedure and Explanatory Text

API-09 1991 Facilities Accounting Procedure and Explanatory Text

API-10 1991 Frontier Development and Operations Accounting Procedure and Explanatory Text

API-11 1996 1996 Accounting Procedure, Explanatory Text, Amended Schedule of Rates, Elections and Modifications and Amended Summary Grid

API-13 1999 Determining Warehouse Handling Charges

API-14 2016 Accounting for the Addition, Replacement and Disposal of Material

API-15 2011 Chargeable Engineering Activities – 2011 Accounting Procedure

API-16 2011 Chargeable Communication Systems – 2011 Accounting Procedure

API-17 2011 Chargeable Field Computer Systems – 2011 Accounting Procedure

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