What Is The Preferred Depreciation Method For Property Plant And Equipment Within The Oil And Gas Sector?

Submitted By charleneyezi
Words: 3410
Pages: 14
Open Document
Contents

1.The research question & hypothesis…………………………….…3
2. Barriers & restrictions in the research process……………….…..3
3. Literature review.………………………………………...................5
4. Selected method for collecting data…………………………….....8
5. Data analysis………………………………………………............10
Conclusions & recommendations……………………….................14
References………………………..………………………………...…17

1. The research question & hypothesis
Our research question is “What is the preferred depreciation method for Property plant and equipment within the Oil and Gas sector and why from 2011-2013? The case of the listed FTSE 350 companies”. And hypothesis0 is that the companies preferred unit of production method for property plant and equipment within the Oil and Gas sector on FTSE 350. And hypothesis1 is that the companies preferred other depreciation methods instead of unit of production for property plant and equipment within the Oil and Gas sector on FTSE 350.

Members of our group choose this topic for interesting. After investigated, we found various depreciation methods that they concentrate on different circumstances respectively; especially there are some different choices of depreciation methods within the Oil and Gas sector, compared with other sectors of industry. Thus, we choose this sector to research. Furthermore, We are capable of undertaking our topic, and we already have some academic knowledge in this area. Meanwhile, This research can help us find our knowledge gap and fill it, which benefits us to improve in finance and accounting.

2. Barriers & restrictions in the research process
There are various barriers on collecting data and information. Firstly, Cairn Energy plc. did not write down any used choices of depreciation methods in annual reports, which makes researchers have to spend more time to search and read a number of resources; Collections of qualitative data also did spend too much time; and qualitative data are likely to be more ambiguous, elastic and complex, said Saunders et al (2012, p.546). As the results, analysis and understanding them needs to be sensitive to these characteristics to be meaningful, which also takes for a long period. And limit of knowledge lead to analysis of qualitative data incompletely.

Secondly, mixed case study and e-mail methods were planned to use for collection data, but there was never return e-mails from managers of companies after researchers sent e-mails to them in order to ask the reasons why they choose them. This restriction causes us had to e-mail collection methods.

According to Saunders et al (2009) states that researchers should know about access needs before starting research, but solving problems of access also are barriers due to insufficient time, lack existing contacts (Jankowicz, 2005, p.133) and getting organizational concerns.

Although this topic needs some exploratory research, in real life it is often difficult or impossible to conduct a true experiment of choosing depreciation method for students, which may be impossible to manipulate treatment (Ghauri aand Grnhaug, 2005, p.68).

Print said, “we prefer to subscribe to the view that there’s a shared common ground all right, but that it’s more like a quicksand” (1998, p.21). Due to this barriers, judging views and associating it with real life are barriers for undertaking research.

3. Literature review
IAS16 provides general standard regarding the calculation of depreciation of property, plant and equipment that should be allocated on a systematic basis over its useful life. Standard mentions three depreciation methods by name: straight line, reducing balance and the sum of the digits. (Alexander etc., 2003, p.204). Apart from mainly method, there are more methods: unit of production, revaluation or arbitrary valuation (Alexander etc., 2004, p.251), and unit of production method based on actual physical usage of the fixed asset. And once the method has been chosen, consistency is required.

Up to
Show More

Related Documents: What Is The Preferred Depreciation Method For Property Plant And Equipment Within The Oil And Gas Sector?

Qualitative Research Report

Business Research Skills Qualitative Research Report Business Research Skills Qualitative Research Report Teresa Cooney B00251777 Teresa Cooney B00251777 Contents Introduction 2 1. Research Design 3 1.1 Qualitative Research Methods 3 1.2 Thematic Analysis 3 2. Findings and Analysis 6 References 8 Appendix 1 9 Appendix 2 13 Introduction This report has been commissioned by the University of the West of Scotland (Paisley campus) for the Business Research Skills…

Words 4039 - Pages 17

Research Report Essay

Carmen Berry 12K Teacher: Mr. Healy Year 12 Health Education Term 1 Sun Safety Action Report Introduction Australia has long been known as the Sun country. From glistening, bronzed bodies lining our beaches, to the Sunday afternoon shirtless-cricket rituals – one thing is for sure; Australians love the sun. However, with Skin Cancer diagnoses in South-East Queensland alone rising by 50% over the last 20 years; it seems Australians have become more than a humble, sun-kissed nation. The…

Words 2018 - Pages 9

Forensic Research Report

Forensic research report How does interviewing children differ from interviewing adults? Johanna Hellgren John Jay College of Criminal Justice Spring 2015 Cederborg, A. C., Alm, C., Lima da Silva Nises, D., & Lamb, M. E. (2013). Investigative interviewing of alleged child abuse victims: an evaluation of a new training programme for investigative interviewers. Police Practice and Research, 14(3), 242-254. The article address the fact that forensic interviewing with young witnesses and victims…

Words 3844 - Pages 16

Critique Of Research Report

Critique of Research Report: Howlett, N., Kirk, E., and Pine, K. (2011). Does ‘Wanting the Best’ create more stress? The link between baby sign classes and maternal anxiety. Infant and Child Development. This assignment will critically review Howlett, Kirk and Pine’s (2011) study, which aims to investigate whether attendance of gesturing classes affects parental stress. Howlett et al., (2011) attempt to examine claims, advertised by commercial products, that believe attending gesturing classes…

Words 2875 - Pages 12

Research Report Essay

Paul Bernardo and Karla Homolka Research Report Prepared for: Mrs.Heffernan Witten By: Julien Capalbo-Jacobs Date: April.8, 2015 In analyzing this crime, it can be found that there is still many grey areas to the serial murderers; Paul Bernardo and Karla Homolka. A young seventeen year old girl named Karla Homolka met twenty three year old Paul Bernardo at a restaurant in 1987. By late 1989 Paul and Karla were engaged as a happy couple, while Bernardo was raping numerous women with the approval…

Words 864 - Pages 4

Research Report Essay

On trade, tea and TVs: the key to Myanmar’s consumer market What do you do with a country that is a veritable jewellery shop of precious minerals, which will enjoy a glittering future after recently opening up its markets to international trade, but where most of the population lives in relative poverty? Dozens of consumer brands have approached us since Myanmar threw open its market gates last year, eager to promote their products to this exciting new demographic, but unsure about a…

Words 806 - Pages 4

Research Report Essay

I. Should animal testing be permitted? A. In the past years, we have tested our research/etc. on animals. They use animals to ensure that products are safe and easy to use and not let anything hazardous happen. B. Most people believe that it’s ok to just use what apart of this earth and just use and get rid of it like its nothing… I personally think it’s a crazy thing to do! That’s why I’m arguing against it. C. People who are against animal testing base off their contentions on the fact…

Words 407 - Pages 2

Cold Blooded Research Report

whom it may concern, I am writing concerning your press release about the research report Cold Blooded. According to the press release, Cold Blooded ranks 378 coal plants by their “Environmental Justice Performance” (EJP). Considering that there are currently over 600 operational coal plants in the United States, I find myself wondering why the report stops at exactly 378. It seems to be an arbitrary number, potentially designed to manipulate data. Benjamin Todd Jealous, your president and CEO…

Words 379 - Pages 2

Analysis of Research Report Essay

Analysis of Research Report Lorraine Gambino HCS/438 Statistical Application December 9, 2012 Michael Janson Analysis of Research Report The complexities of pain management of the post operative patient can be attributed to the lack of knowledge and beliefs surrounding pain management which has been correlated to nurses who did not or have not received adequate or on going continuing pain management education. Misconceptions include incorrect attitudes and beliefs about pharmacological treatment…

Words 982 - Pages 4

Fasb Business Research Report

Business Research Report Impact of FASB on Company A Presented to: CEO of Company A Assessment Code: RWT1 Table of Contents Executive Summary 3 Introduction 4 Research Findings 4 FASB History 4 Public Corporation Requirements (GAAP) 5 Investor Impact 6 Recommendations 7 Conclusion 8 References 9 Executive Summary The purpose of this report is to research the accounting and reporting standards of the Financial Accounting Standards Board (FASB) and report the impact FASB…

Words 2412 - Pages 10