ANALYSIS OF THE IMPACT OF ACCOUNTING VALUATION IN THE PETROLEUM INDUSTRY, CHALLENGES AND OPPORTUNITIES AND THEIR REFLECTION ON FINANCIAL REPORTING

Authors

  • Yaaqub saeed University of Sulaimani-Iraq Author

Abstract

This research aims to clarify the mechanism of the petroleum industry, which constitutes a vital sector in the global economy, and requires accurate and effective management of assets, costs and financial reports. Accounting valuation has a significant impact on this industry, as investment decisions and risk management depend largely on accounting data. This research also aims to analyze the impact of accounting valuation on the petroleum industry, focusing on the challenges and opportunities in asset management, costs and financial reports. Challenges in this context arise from the presence of multiple and complex variables in the oil market, such as fluctuations in global oil prices, environmental regulations, and changing taxes. Other challenges include accurately valuing large oil assets and the costs of extracting and manufacturing them. The valuation of the oil industry relies heavily on accurate accounting analysis, which directly impacts asset management, costs and financial reporting. The sector faces multiple obstacles, including fluctuations in oil prices, environmental regulations and changing taxes. Valuing large oil assets and their extraction costs is a major challenge. However, these challenges also present opportunities to improve operations and increase profitability.

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Published

2025-04-18

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Articles

How to Cite

ANALYSIS OF THE IMPACT OF ACCOUNTING VALUATION IN THE PETROLEUM INDUSTRY, CHALLENGES AND OPPORTUNITIES AND THEIR REFLECTION ON FINANCIAL REPORTING. (2025). Al-Furat Journal of Innovations in Management Sciences, 1(2). https://afjims.atu.edu.iq/index.php/ms/article/view/24