In order to give legal base to the renewal and reconstruction of the agency for upstream oil and gas activity, the government has determined Act No.22/2001 in relation to oil and gas on 23 November 2001.
Since Act No.22/2001 on 23 November 2001 concerning oil and gas and Government Regulation No.42/2002 on 16 July 2002 concerning BP MIGAS have been determined, the matter of supervising and establishing Cooperation Contract or Productions Sharing Contract activity which previously done by PERTAMINA is now done by BP MIGAS.
In those Acts above, it is affirmed that oil and gas are strategic irreplaceable natural resources which contained in Indonesian Mining Law Area are national wealth controlled by the state. The state control is held by the Government as a Mining Authority holder. Furthermore, the government forms the Executive Body to manage the Upstream Activity in the oil and gas field.
An important aspect of a quality system is to work according to unambiguous Standard Operating Procedures (SOPs). In fact the whole process from sampling to the filing of the analytical result should be described by a continuous series of SOPs. A SOP for a laboratory can be defined as follows:
“A Standard Operating Procedure is a document which describes the regularly recurring operations relevant to the quality of the investigation. The purpose of a SOP is to carry out the operations correctly and always in the same manner. A SOP should be available at the place where the work is done”
A SOP is a compulsory instruction. If deviations from this instruction are allowed, the conditions for these should be documented including who can give permission for this and what exactly the complete procedure will be. The original should rest at a secure place while working copies should be authenticated with stamps and/or signatures of authorized persons.
Account terms and characteristics of the above efforts, we can conclude that the sense Chart Of Accounts account arrangement is made in such a way based on the major components that make up the accounting system and may reflect the characteristics of the main activities of the company.
Preparation of Accounts Structure (Chart Of Accounts / COA) must be based on the characteristics of the company. If the preparation of the COA does not match the characteristics of a business entity, will lead to misinterpretation of the Financial Statements. When wrong in interpreting the financial statements will Causes wrong in the management of the company’s strategic decisions.
For example, a cooperative business entity in its COA will have a named Account Deposit Principal Member, Member of Compulsory Savings, and Savings Members Voluntary. In other business entity, the account will not be found. By looking at the COA, an accountant will know the form of business entity without having to see the letterhead or business entity that deed.
In conclusion, Chart Of Accounts are not just a grouping of accounts, but also reflect the identity of a company.
We implement start from Nov 2009 until Sept 2010