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MFI-45 Offshore Marine and Aircraft Allocations

This document discusses allocation methodology theory and the importance of equity and consistency in allocations.  It provides a litmus test to determine if an allocation is equitable and provides numerous examples of possible boat and helicopter allocation methodologies as well as a glossary of boat and helicopter terms.  42 pages.  2000.

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MFI-45 Offshore Marine and Aircraft Allocations

SKU MFI-45 Categories ,

Description

Table of Contents

  1. FOREWORD
  2. MARINE, AVIATION AND DIESEL FUEL ALLOCATION CONCEPTS
    1. Equitable Allocation of Marine, Aviation and Diesel Fuel Expenses
    2. Consistent Handling of Marine, Aviation and Diesel Fuel Expenses
    3. Specific Use vs. Allocated Charges
      1. Specific Use
      2. Allocations
        1. Pools
        2. Basis
        3. Out of Pool Service
        4. Third (3rd) Party Service
        5. Standby Time
    4. Ease of Administration
  3. MARINE AND AVIATION ALLOCATION METHODS AND EXAMPLES
    1. Costs and Activities
      1. Marine
        1. Allocable Marine Costs
        2. Marine Vessel Activity Components
      2. Aviation
        1. Allocable Aviation Costs
    2. Allocation Methods
      1. Specific Use Method
      2. Flexible Pool Method
        1. Flexible Pool – Standby to All Locations
        2. Flexible Pool– Standby to Selected Locations
        3. Flexible Pool– Selected Standby to Selected Locations
      3. Fixed Pool Method
        1. Fixed Pool– Equivalent Active Completion Method
        2. Fixed Pool– Combined Pool and Actual Use
      4. Trip / Mile Method
      5. Per Passenger Mile Method (Aviation only)
  4. HANDLING OF DIESEL FUEL EXPENSES
  5. AUDIT EXCEPTIONS RELATED TO MARINE AND AIRCRAFT EXPENSES
  6. GLOSSARY OF OFFSHORE TRANSPORTATION TERMS

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Additional information

Weight 4.0000000035274 oz
Dimensions 11 × 8.5 × 0.025 in
Format

Digital, Printed

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OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

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