Research in method of application activity-based costing for petroleum enterprise

As a non-renewable resource, oil is crucially important for the economy of a country. Once recognized, oil matters decisively not only for one single country but also for the whole world. To conduct a more accurate method for oil cost accounting, activity-based costing is investigated and accessed to be applied to oil companies. The shortcoming of cost management in oil companies was expected to be further found and systematically improved.