Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: a content analysis and stakeholder views

Abdo, H ORCID: https://orcid.org/0000-0001-9279-0035, Mangena, M ORCID: https://orcid.org/0000-0002-3005-8110, Needham, G ORCID: https://orcid.org/0000-0003-3173-2506 and Hunt, D, 2018. Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: a content analysis and stakeholder views. Accounting Forum, 42 (4), pp. 341-358. ISSN 0155-9982

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Abstract

This study examines the extent of compliance with accounting disclosure requirements relating to provisions for decommissioning costs by oil and gas companies. We also investigate the views of stakeholders on the reporting practices of these companies. Using a content analysis approach, our findings reveal that compliance is substantially high, but companies tend to take a tick-box approach providing only minimum disclosure requirements. In semi-structured interviews, we find that disclosure decisions were driven by concerns about the credibility of information due to complexities in the accounting processes, regulatory requirements, lack of information demand and proprietary costs. These findings have policy implications.

Item Type:	Journal article
Publication Title:	Accounting Forum
Creators:	Abdo, H., Mangena, M., Needham, G. and Hunt, D.
Publisher:	Elsevier
Date:	December 2018
Volume:	42
Number:	4
ISSN:	0155-9982
Identifiers:	Number Type 10.1016/j.accfor.2018.10.001 DOI S015599821830084X Publisher Item Identifier
Divisions:	Schools > Nottingham Business School
Record created by:	Linda Sullivan
Date Added:	15 Oct 2018 10:48
Last Modified:	11 May 2020 03:00
URI:	https://irep.ntu.ac.uk/id/eprint/34670

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