Saudi Aramco GI 216.964 ALLOCATION OF TLX, OVERHEADS & SUPPORT SERVICES
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This document, Saudi Aramco General Instruction GI 216.964, outlines the allocation of TLX, overheads, and support services. Although this specific Accounting Instruction has been cancelled, it previously detailed critical financial policies and procedures related to cost allocation within Saudi Aramco's operations.
The content focused on how direct labor expenses (TLX), indirect costs (overheads), and shared support services were to be systematically distributed across various projects and business units. Understanding these past methodologies is crucial for comprehending the evolution of Saudi Aramco's financial management and cost accounting frameworks.
The information provided here will help users understand previous cost allocation principles before the implementation of the Full Cost process, as referenced in GI 287.001. This resource is valuable for gaining historical context on financial reporting and operational cost management.
Ideal for financial analysts, accounting managers, and internal auditors working in the oil and gas industry or with Saudi Aramco-related projects.