NEWS & EVENTS
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Events Calendar

September 13, 2012

Sip, Savor, Network and Mingle!
PASC Networking Event
Event Starts: September 13, 2012
Time: 4:30 pm - 7:00 pm
Location: West Restaurant, 225 - 7 Avenue SW

September 13, 2012

Joint Venture Audit Committee Meeting
(By invitation only)
Time: 11:30 am - 1:30 pm

September 13, 2012

Joint Venture Audit Committee Meeting
(By invitation only)
Time: 11:30 am - 1:30 pm

September 24, 2012

September Luncheon
Larry Yasman: Payout/Penalty Accounting
Event Starts: September 24, 2012
Time: 11:30 a.m. to 1:00 p.m.
Location: Banker's Hall Auditorium, 315 8th Avenue SW

Please be aware that we are at a new venue for this luncheon. Here are the directions 

Bankers Hall Auditorium Location: 

Bankers Hall Auditorium is located on Lower Level A/P3, 315 – 8th Avenue SW, accessible by the stairs near Starbucks on the main floor or by the Retail elevators at the north entrance off Stephen Avenue.


Payout accounting is one area that companies tend to do on an ad hoc basis. There is inconsistency in the timing, preparation and presentation of payout reporting. This presentation will review the current guidelines and incorporate the recent changes that affect the statements, including revised CAPL agreements and our current marketing environment and the effect of the PASC 96 and PASC 2011 Accounting Procedures.

About the Presenter: Larry Yasman, Leader-non-operated accounting – Devon Canada

Larry started his Oil and Gas career in 1976 with Home Oil and has worked in a variety of positions, with his latest role as Leader-non-operated accounting for Devon Canada.

Larry has been a member of PASC since the early ‘80s’. He committed 4 years on the PASC Board and became an Honorary Member in 2007. Larry is currently serving as the chair of the Joint Interest Research Committee.

He has participated in the development of a number of PASC documents, including Accounting Procedures and Guidelines. He helped develop the current PASC Accounting Guide to Farmouts/Farmins and Penalty Interests.

PASC/CAPL/CAPLA/CAPPA/PJVA Members: $40 + GST
Non-PASC Members: $50 + GST

Closed Meetings