Financial, operational accounting and land management software for emerging and mid-sized oil & gas companies

 

Responsibility Reporting

The Excalibur Responsibility Reporting system is a flexible accounting, budgeting and reporting system maintained and managed at user-defined levels of cost center responsibility. It provides comprehensive, multilevel analysis reporting (through P2 Analytics powered by Tibco Spotfire and Excalibur Browser Query based on cost centers and allows you to customize reports to your specific requirements.

Data Entry Features

• Cost center budgets are maintained by dollar amounts and by volumes:
  • For 8/8^ths gross and net company share by:
    • Accounting period end date
    • Activity date (sales, production or service)
    • Calendar year
• Budgeting levels are user-defined to allow budgets at any level in a roll-up hierarchy:
  • To allow budgeting within cost centers for any number of General Ledger accounts
  • To allow budgeting within cost center for any number of accounting or activity period end dates
• Supplemental budget amounts permitted
• Duplication feature to automatically replicate budget amounts over a user-specified range of dates
• Electronic entry of budget amounts via Excalibur Data Interchange (EDI)
• Allocation of transactions from a specific cost center to any number of other cost centers with the option to allocate from a specific account to a different account

Accounting Controls and Features

• User-defined cost centers and reporting levels
• Cost centers are company independent
• Restriction code prohibits entering detail transactions or budget amounts to specified roll-up cost centers
• Automatic creation of cost centers at the detail property level such as wells, leases, and AFEs
• Approval dates control modification or deletion of original cost center budgets
• Cost center transactions created by allocation process may be directed to automatically process through JIB
• Reporting available at any level in the user-defined hierarchies, with entered budget and actual amounts rolled-up to the specified level
• Two distinct roll-up paths including a primary path and an alternate path provide flexibility for defining hierarchical relationships for any cost center
• Comprehensive budget and actual reporting by account within cost center
• Accounting period end date and service or sales activity date reporting
• Budget and actual data available for reporting on property-related cost centers includes:
  • Dollar amounts for both 8/8ths gross and net company share
  • Volumes for both 8/8ths gross and net company share
• Comprehensive transaction reporting for all cost center activity including transactions generated through the allocation process
• Predefined Lease Operating Statement report available at any reporting level in the user-defined hierarchies with six or 12 month display
• Direct integration with desktop PC reporting tools (such as Excel) for customized reporting without having to rekey data from the system
• User-defined groupings of cost centers and accounts for spreadsheet and user-formatted financial reports
• Comprehensive online inquiries including:
  • Online display of cost center budgets and actuals for both 8/8ths gross and net company share by:
    • Accounting period end date
    • Activity date (sales, production or service)
  • Cost center drill down inquiry, from account balances to underlying detail transactions