Oil and Gas Accounting

Purpose:

The Certificate in Oil and Gas Accounting is an undergraduate certificate program which is designed to add additional education for students desiring to enter the workplace in the oil and gas industry.  Specifically, students who successfully complete this 12 SCH will gain an understanding of oil and gas industry and particularly a working knowledge of accounting in this growing industry.  The program is designed for business majors, either current or past.

Student learning outcomes:

Upon completion of this certificate program, students will be able to:

• Explain the role and importance of oil and gas industry to the U.S. economy.
• Explain the different accounting aspects in the oil and gas industry and exploration and production of oil and gas.
• Explain the accounting description and procedures for production activities, accounting for asset retirement obligations and asset impairment, accounting from oil and gas sales, and joint interest accounting for oil and gas operations.
• Explain basic taxation in accounting, accounting for conveyances of oil and gas interests, and oil and gas disclosures.
• Solve cases regarding accounting aspects of oil and gas leases, working interests, and gas contracts.

Means of Assessing Student Learning Outcomes:

Assessment will be conducted using the following direct measures:

• Embedded questions linked to expected learning outcomes in examinations of each course in the curriculum, evaluating the program outcomes on a rubric crated for that purpose.
• Evaluating, on a rubric constructed for that purpose, the outcomes from course projects embedded in selected classes.

Criteria for Admission:

Students must be either current undergraduate majors in the A.R. Sanchez, Jr. School of Business, or be students who have previously earned an undergraduate degree in business.  Current business majors must be in good standing with a cumulative grade point average of 2.0.

Interested applicants that are not currently students at TAMIU can apply for admissions at www.applytexas.org. All applicants, current students and incoming students, must submit an additional application form to Ms. Maggie Blasco, Undergraduate Advisor.
To obtain application Click Here.

Criteria for Earning the Certificate:

Students must complete the four courses in the program with at least a “C” in each course.

Courses in the Certificate Program

• BA 3330—Introduction to the Oil and Gas Industry – 3 SCH
• ACC 3360—Oil and Gas Accounting I – 3 SCH
• ACC 4360—Oil and Gas Accounting II – 3 SCH
• ACC 4380—Oil and Gas Colloquium – 3 SCH

Administration of the Certificate

The Certificate in Oil and Gas Accounting is administrated by the A.R. Sanchez, Jr. School of Business and the Dean of the College is responsible for the oversight of the program.

For more information, contact:

• Maggie Blasco
  Undergraduate Counselor
  WHT 204C
  956.326.2483
  maggie@tamiu.edu