Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure economic development. This sector includes industries involved in the extraction, refining, sale and distribution of petroleum, gas, electric, coal, nuclear and alternative energy sources.
The energy industry balances a demanding set of challenges. Regulatory environments can turn on a dime, making compliance a complex and ever-changing problem. Profitability and business success are often wrapped up in details like forecasting, tax implications, financing and cash flow. The energy industry depends on quality accounting across its various segments and categories. As we advance into the 21st century, it becomes more important for energy industry accountants to combine a keen sense of detail with intellectual flexibility and dedication to getting work done correctly and on time.
As modern society consumes larger amounts of fuel, the energy industry and those who are responsible for its regulation continue to experience a significant need for financial and regulatory guidance as compliance related issues abound. Rare earth trade disputes with China, growing demand for products from emerging markets and new mergers and acquisitions continue to influence the pace of growth in this sector. Our team of financial and accounting experts will help you navigate this swiftly evolving sector.