COPAS Overhead Maintenance and Billing Features and Functions
Council of Petroleum Accountants Societies (COPAS).
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- Calculates COPAS overhead
- Calculates COPAS overhead for one property
- Calculates COPAS overhead for many properties
- Applies COPAS overhead to gross level
- Allows COPAS overhead to be cut back
- Attributes overhead allocations
- Generates credits and debits
- Calculates COPAS overhead for a single overhead period
- Calculates COPAS overhead for multiple overhead periods
- Validates setup of overhead
- Allows user to set up and maintain COPAS overhead types
- Calculates COPAS overhead functionality for tiered contracts
- Creates and applies COPAS overhead for credits for tiered contracts
- Maintains COPAS overhead functionality to link account types
- Defines COPAS hierarchy reporting levels
- Maintains annual COPAS escalation factors
- Calculates COPAS overhead to accounting group
- Calculates COPAS overhead to any AFEs group
- Notifies when changes in COPAS overhead calculation have occurred
- Generates COPAS escalations
- Verifies COPAS overhead master data
- Allows user to select attribute-based report on COPAS overhead
- Provides COPAS overhead report summary by period end
- Identifies COPAS overhead errors within reports
- Identifies where modifications for COPAS overhead reside
- Drills down to rig information for drilling overhead from COPAS overhead information
- Reverses and reissues COPAS overhead charges in addition to all other billable items, when prior period adjustments are made within JIB
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Joint Interest Billing Features and Functions
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