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This method, also known as the fair value method, applies when the investor does not have significant influence over the investee (as measured by voting power).Give it a read to learn more about the equity method of accounting. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that it has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian, LLC ("Double Eagle") for an aggregate purchase price of approximately , subject to purchase price adjustments and customary closing conditions.Under this method, we treat the investment as a simple financial investment initially recorded at cost on the investor's balance sheet.Classification of the investment depends on the intent of the investor.We believe this transaction sets us apart from peer companies on the basis of the size and quality of our acreage position in what we consider the most desirable basin in the country." , Co-CEOs of Double Eagle, commented, "With many possible paths for the next phase in the evolution and development of Double Eagle's assets, we were excited to negotiate a transaction with Parsley given the Company's history of efficient growth and of enhancing the value of its asset base through the same types of creative transactions it took to build Double Eagle's portfolio." and Double Eagle's other financial sponsors, Post Oak Energy Capital and Magnetar Capital, we look forward to working with Parsley Energy as the Company develops the prized assets the Double Eagle team has expertly assembled in the true core of the Midland Basin.We believe Parsley's record of strong operational performance and the Company's complementary asset base make Parsley the ideal company to deliver the tremendous value associated with these assets." The Company expects to report 4Q16 net production of 44.8-45.2 MBoe per day, up approximately 5% at the midpoint versus 3Q16 net production, placing full-year 2016 average production within the annual guidance range.The OMB mandates that all government estimates, receipts, and expenditures be cleared by the director of the budget.From the director, the estimates go directly to the president and from the president, directly to Congress.Choose from a range of desktop or online accounting solutions that allow you to invoice customers, analyse business performance and manage VAT, stock, budgets and more. One solution brings all aspects of your operating environment together, giving you control over your financial situation as well as your relationships with your customers, suppliers and employees.Stay on the right side of the taxman while working smarter with automated business processes. One solution brings all aspects of your operating environment together, giving you control over your financial situation as well as your relationships with your customers, suppliers and employees. Get back to basics with smart, cost-effective software for big businesses.If the investor intends to profit from near-term (generally within than 12 months of initial investment) price movements, they are classified as either .Equity investments accounted for using the cost method must be periodically marked-to-market (fair value) if the securities have readily available market prices, creating unrealized gains and losses.This act created the Bureau of the Budget, which was a part of the Treasury Department but remained accountable to the White House.In 1939, the Bureau was transferred from the Treasury Department to the Executive Office of the President.

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