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Linda Nichols PhD


Director of MBA programs
Charles Funai Professor of Energy and Accounting Collins College of Business
School of Energy Economics, Policy and Commerce, School of Accounting and Computer Information Systems
Helmerich Hall 215-F 918-631-2428
linda-nichols@utulsa.edu
faculty-photo

Biography

Linda Nichols joined the faculty of The University of Tulsa Collins College of Business in 2011 as Associate Dean, Director of Graduate Business Programs and Collins Professor of Accounting. Linda is a CPA and earned a PhD in Accounting at Louisiana State University. Before joining The University of Tulsa, she held the position of Ernst and Young Professor and Director of Accounting Programs at Texas Tech University where she was employed for over twenty-one years. Her association with the oil industry began in 1980 when she worked for an international accounting firm in Houston as part of the oil and gas industry audit division. She later joined Columbia Gas Development, an exploration and production company, where she held the position of supervisor of budgeting and economics. Linda continues to be heavily involved with the oil industry through consulting and providing training for oil companies across the globe. In the past ten years, she has provided industry training in Angola, Nigeria, Cameroon, Ecuador, Brazil, Malaysia, Indonesia, Singapore, China, Thailand, Russia, Hungary, Italy, Argentina, Morocco, Qatar, the United Kingdom, Australia, Canada, and in the U.S. Linda is author of a BNA portfolio in Oil and Gas Accounting which covers all aspects of upstream accounting under both U.S. and international GAAP. She also serves as Associate Editor of the Oil, Gas and Energy Quarterly, and serves on the Editorial Board of the Petroleum Accounting an Financial Management Journal. Linda has published numerous articles dealing with issues of accounting for the oil industry. Linda has received both national and international recognition for her accomplishments. In 2007, she received the Texas Society of CPAs’ Outstanding Accounting Educator Award, and in 1999, she was chosen as Outstanding Educator of the Year by the American Woman’s Society of CPAs. In 2003, she was chosen by the Fulbright Commission of the U.S. in conjunction with the government of Austria to serve as the Johannes-Kepler Distinguished Chair in International Business. Linda’s service to the accounting profession includes a term as chair of the Financial Accounting and Reporting Committee of the AICPA which prepares the financial accounting and reporting section of the CPA examination. She recently served as a Strategic Planning Team Leader for the Accounting Programs Leadership Group (APLG) as well as Treasurer for that organization. She has also served as President of the South Plains Chapter of the Texas Society of Certified Public Accountants (TSCPA), and as a trustee of the Educational Foundation of the TSCPA.


Ph.D., Louisiana State University
B.S., University of New Orleans


Energy Accounting and financial reporting; international accounting and financial reporting

U.S. and International Upstream Energy Accounting
Financial Reporting; International Accounting


The following may be selected publications rather than a comprehensive list.

Journal Articles


Nichols, Linda. “After the Fifth Filing Year Allowing for the Optional Disclosure of Probable Reserves: Where Do We Stand?” Ed. Larry Crumbley. Matthew-Binder 63.3 (2015): 395–406. Print.

Nichols, Linda. “The Proposed Lease Accounting Standard: A Problem for the Oil and Gas Industry.” Oil, Gas and Energy Quarterly 62.4 (2014): 639–648. Print.

Nichols, Linda. “The Appropriateness of Units-of-Revenue Depletion in the Current Pricing Environment.” Oil, Gas and Energy Quarterly 62.3 (2014): 449–456. Print.

Nichols, Linda. “The Future of Transparency Disclosures.” Petroleum Accounting and Financial Management Journal 32.3 (2013): 93–100. Print.

Nichols, Linda. “Should Reserves Audits Be Required?” Oil, Gas and Energy Quarterly 62.3 (2013): 433–442. Print.

Miranda, J. E. and Nichols, L. M. (2012). “The use of earnings and cash flows in investment decisions in the U.S. and in Mexico: Experimental evidence.” Journal of International Accounting, Auditing and Taxation, 21(2), 198-208.

Nichols, Linda. “Has International Oil and Gas Accounting Been Politicized?” Petroleum Accounting and Financial Management Journal (2012): 22–34. Print.

Nichols, Linda. “A Study Revising the Distinguishing Characteristics of Companies Choosing to Disclose Probable Reserves.” Oil, Gas and Energy Quarterly (2012): 439–446. Print.

Nichols, Linda. “Petroco and the Government of Hannan: An International Upstream Case in a Production Sharing Contract Environment .” Petroleum Accounting and Financial Management Journal (2011): 55–82. Print.

Nichols, Linda. “The Future of Disclosing Payments to Governments: Have We Gone Too Far?” Oil, Gas and Energy Quarterly (2011): 47–56. Print.

Nichols, Linda. “A Study of the Distinguishing Characteristics of Companies Choosing to Disclose Probable Reserves.” Oil, Gas and Energy Quarterly (2011): 665–672. Print.

Nichols, Linda. “Units of Account for E&P Companies Under IFRS.” Oil, Gas and Energy Quarterly (2010): 257–266. Print.

Nichols, Linda. “Impairment Upon Transition to IFRS.” Oil, Gas and Energy Quarterly (2010): 237–256. Print.

Nichols, Linda. “Accounting Implications of International Production Sharing Contracts.” Petroleum Accounting and Financial Management Journal (2010): 1–15. Print.

Nichols, Linda. “Moving the Upstream Industry to IFRS.” Petroleum Accounting and Financial Management Journal (2009): 1–21. Print.

Nichols, Linda. “The Modernization of Oil and Gas Reporting and Its Effect on Full Cost Companies.” Oil, Gas and Energy Quarterly (2009): 651–658. Print.

Nichols, L. M. and Miranda, J. E. (2009). “An experiment of the effect of teaching different computational methods of operating cash flows on student understanding.” Journal of Applied Business Research, 25(3), 57-62.

Nichols, Linda. “Difficulties with Projecting Economics on Production Sharing Contracts.” Oil, Gas and Energy Quarterly (2009): 525–530. Print.

Nichols, Linda. “The SEC's Concept Release on Supplemental Disclosures for the Oil Industry and Resulting Comments.” Oil, Gas and Energy Quarterly (2008): 295–304. Print.

Nichols, Linda. “An Updated Look at the Oil Industry and International Harmonization of Accounting Standards.” Petroleum Accounting and Financial Management Journal (2007): 123–139. Print.

Nichols, Linda. “Understanding the Accounting Aspects of Unitizations.” Oil, Gas and Energy Quarterly (2007): 749–758. Print.

Miranda, J. E. and Nichols, L. M. (2007). “An experiment of student understanding of accruals versus cash flows.” Journal of College Teaching & Learning, 4 (4), 53-58.

Nichols, Linda. “Needed: Worldwide Agreement on Reserves Definitions, Reporting, and Use.” Oil, Gas and Energy Quarterly (2007): 497–502. Print.

McInnes, John, and Linda Nichols. “The Windfall Profit Tax - Past and Future Consequences.” Oil, Gas and Energy Quarterly (2006): 267–274. Print.

Nichols, Linda, and Kurt Buerger. “An Investigation of the Effect of Methods of Recording Accounting Principle Changes on the Decisions of Users in the United States, Germany, and Austria.” International Business and Economics Research Journal (2006): 57–66. Print.

Nichols, Linda. “Accounting Practices in U.S. Public Companies.” The CPA Journal (2006): 28–30. Print.

Nichols, Linda. “A New International Standard: Exploration for and Evaluation of Mineral Resources.” Oil, Gas and Energy Quarterly (2005): 267–272. Print.

Nichols, Linda. “The Effect of SFAS No. 143 on Accounting for Retirement Obligation on the Oil Industry.” Oil, Gas and Energy Quarterly (2005): 49–58. Print.

Nichols, Linda. “An Investigation of the Effect of Methods of Recording Accounting Principle Changes on the Decisions of Users.” Journal of Accounting and Finance Research 13.1 (2005): n. pag. Print.

Nichols, Linda, and Kurt Buerger. “A Look at the International Accounting Standards Board (IASB) Exposure Draft 6 ‘Exploration for and Evaluation of Mineral Resources.’” Oil, Gas and Energy Quarterly (2004): 65–70. Print.

Nichols, Linda, and Kurt Buerger. “An Investigation of the Effect of Reporting Alternatives for Assets on Financial Statement Users in the United States and the European Union.” International Business and Economics Research Journal (2004): 47–54. Print.

Buerger, Kurt, and Linda Nichols. “What Will Use of International Accoutning Standards Mean for the Industry.” Oil, Gas and Energy Quarterly (2003): 269–276. Print.

Nichols, Linda, and Kurt Buerger. “An Investigation of the Effect of Valuation Alternatives for Fixed Assets on the Decisions of Statment Users in the United States and Germany.” Journal of International Accounting, Auditing and Taxation (2002): 155–163. Print.

Nichols, Linda, and Kurt Buerger. “International Standards for the Oil Industry.” Oil, Gas and Energy Quarterly (2002): 805–810. Print.

Nichols, Linda. “An Investigation of the Effect of Alternate International Income Reporting Models on Lending Decisions.” Central Business Review (2002): 13–19. Print.

Nichols, Linda. “The Oil and Gas Industry: Leading in Accounting for the New Economy.” Oil, Gas and Energy Quarterly (2001): 419–424. Print.

Buerger, Kurt, and Linda Nichols. “Accounting for Impairments: Domestically and Internationally.” Oil, Gas and Energy Quarterly (2001): 839–848. Print.

Nichols, Linda. “What Accountants Need to Know About Natural Gas Marketing.” Oil, Gas and Energy Quarterly (2001): 561–566. Print.

Nichols, Linda. “Financial Reporting Developments.” Oil, Gas and Energy Quarterly (2000): 541–543. Print.

Nichols, Linda. “Financial Reporting Developments.” Oil, Gas and Energy Quarterly (2000): 225–228. Print.

Nichols, Linda. “Coming Changes in Accounting for Fixed Assets.” Oil, Gas and Energy Quarterly (2000): 145–152. Print.

Nichols, Linda. “Financial Performance Reporting Changes Suggested.” Oil, Gas and Energy Quarterly (2000): 611–618. Print.

Bushong, Gregory, and Linda Nichols. “The Impact of Statement of Financial Accounting Standards No.121 on Small Businesses.” Journal of Accounting and Finance Research (2000): 30–35. Print.

Nichols, Linda. “Needed: Tax Relief for Independent Producers.” Oil, Gas and Energy Quarterly (2000): 475–480. Print.

Gallun, Rebecca, and Linda Nichols. “Care Needed in Reading FASB Statements.” Ohio CPA Journal (2000): 47–49. Print.

Nichols, Linda. “Fuel Trends in Texas.” Oil, Gas and Energy Quarterly (1999): 25–32. Print.

Nichols, Linda, and Rebecca Gallun. “A Reexamination of Successful Efforts Accounting.” Oil, Gas and Energy Quarterly (1999): 805–814. Print.

Nichols, Linda. “Understanding the Basics of International Contracts.” Oil, Gas and Energy Quarterly (1999): 537–542. Print.

Nichols, Linda. “An Investigation of the Effect of Comprehensive Income Reporting on Lending Decisions.” Central Business Review (1999): 17–21. Print.

Nichols, Linda. “Tax and Financial Accounting Treatment of Environmental Remediation Costs: An Area of Indefinite Guidelines.” Oil, Gas and Energy Quarterly (1998): 279–284. Print.

Nichols, Linda. “The Potential Effect of the FASB's Proposed Concepts Statement on Cash Flow Measurements on the Oil and Gas Industry.” Petroleum Accounting and Financial Management Journal (1998): 92–100. Print.

Gallun, Rebecca, and Linda Nichols. “Impact of New Comprehensive Income Rule on the Oil and Gas Industry.” Oil, Gas and Energy Quarterly (1998): 1533–1540. Print.

Nichols, Linda, and Rebecca Gallun. “Full Cost Companies and the New Impairment Test.” Oil, Gas and Energy Quarterly (1998): 91–96. Print.

Nichols, Linda, and Rebecca Gallun. “The New Segment Standard: Cumbersome and Inconsistent.” The CPA Journal (1998): 54–55. Print.

Nichols, Linda, and Mary Gately. “Defining Creditable Taxes for Foreign Tax Credit Purposes.” (1998): 1299–1306. Print.

Nichols, Linda. “Reserve Recognition Accounting: Is It Time to Reconsider?” Oil, Gas and Energy Quarterly (1997): 1215–1222. Print.

Nichols, Linda. “Company Purchase or Take-or-Pay Settlement Battle Between District and Appellate Courts.” Oil, Gas and Energy Quarterly (1997): 1099–1106. Print.

Nichols, Linda, and Rebecca Gallun. “Impact of Proposed FASB Standard on Accounting for Reclamation Costs in the Oil and Gas Industry.” Oil, Gas and Energy Quarterly (1997): 933–942. Print.

Gallun, Rebecca, and Linda Nichols. “Implementation of SFAS No.121 in the Oil and Gas Industry: A Survey Update.” Petroleum Accounting and Financial Management Journal (1997): 25–37. Print.

Nichols, Linda. “An Investigation of Effect of Reporting Changes Proposed by the AICPA on Lending Decisions.” Journal of Applied Business Research (1997): 47–54. Print.

Nichols, Linda, and Rebecca Gallun. “Implementation of SFAS NO.121 in the Oil and Gas Industry: A Survey.” Petroleum Accounting and Financial Management Journal (1996): 14–25. Print.

Nichols, Linda. “Bank Loan Officers' Perceptions of Environmental Reporting.” Central Business Review (1996): 20–24. Print.

Nichols, Linda. “An Overview of the AICPA's Model of Business Reporting.” The Ohio CPA Journal (1996): 46–48. Print.

Bushong, Gregory, and Linda Nichols. “Application of SFAS No. 106 to Small Nonpublic Companies.” Small business Controller (1996): 32–37. Print.

Gallun, Rebecca, and Linda Nichols. “SFAS No. 121: New Impairment Rules for the Industry.” Petroleum Accounting and Financial Management Journal (1995): 25–36. Print.

Nichols, Linda. “Needed: Tax Incentives for Stripper Wells.” Oil, Gas and Energy Quarterly (1995): 629–634. Print.

Nichols, Linda, and Rebecca Gallun. “SEC Standards in Oil and Gas: Politically Motivated.” Oil, Gas and Energy Quarterly (1994): 81–90. Print.

Nichols, Linda. “An Analysis of Sources of Dissatisfaction Among Accountants.” Central Business Review (1994): 14–17. Print.

Nichols, Linda. “An Analysis of Sources of Dissatisfaction Among Accountants.” Central Business Review (1994): 14–17. Print.

Nichols, Linda. “Why Are CPAs Leaving the Profession?” Today's CPA (1994): 26–29. Print.

Bushong, Gregory, and Linda Nichols. “Application of SFAS No.106 to Oil and Gas Joint Ventures.” Petroleum Accounting and Financial Management Journal (1993): 74–85. Print.

Bushong, Gregory, and Linda Nichols. “Application of SFAS No. 106 to Oil and Gas Joint Ventures.” Petroleum Accounting and Financial Management Journal (1993): 74–85. Print.

Nichols, Linda. “An Investigation of the Relationship Between Financial Risk and Accounting Method Choice.” Journal of Applied Business Research (1993): 86–91. Print.

Hale, Michelle, and Linda Nichols. “Impact of Passive Loss Rules on Working Interest Owners.” Oil and Gas Tax Quarterly (1993): 213–222. Print.

Nichols, Linda, and Jeffrey Sumpter. “Oil and Gas Ventures: Electing Out of Subchapter K.” Oil and Gas Tax Quarterly (1992): 729–736. Print.

Nichols, Linda. “The Securities and Exchange Commission and The Full Cost Ceiling Test.” Petroleum Accounting and Financial Management Journal (1992): 53–61. Print.

Nichols, Linda. “Oil and Gas Accounting: Opinions on Change.” Oil and Gas Tax Quarterly (1992): 523–536. Print.

Nichols, Linda. “Factors Influencing Oil and Gas Industry Lending Decisions.” The Journal of Commercial Bank Lending (1992): 50–57. Print.

Nichols, Linda. “An Investigation of Lending Decisions in the Oil and Gas Industry.” Journal of Applied Business Research 10 (1992): 86–91. Print.

Gallun, Rebecca, Linda Nichols, and Joan Bruno. “The Ceiling Test for Full Cost Companies: Flawed in Theory and Practice.” Petroleum Accounting and Financial Management Journal (1991): 83–96. Print.

Nichols, Linda. “Oil and Gas Accounting: Time for a Long Needed Change.” Oil and Gas Tax Quarterly (1991): 743–751. Print.

Kruk, Bernadette, and Linda Nichols. “The Windfall Profit Tax - The Past and The Future.” Oil and Gas Tax Quarterly (1991): 641–649. Print.

Nichols, Linda. “Survey of Reasons for Accounting Method Changes.” Petroleum Accounting and Financial Management Journal (1990): 127–135. Print.

Nichols, Linda. “The Effect of Financial Risk on Choice of Full Cost or Successful Efforts Methods.” Oil and Gas Tax Quarterly (1990): 544–533. Print.

Nichols, Linda. “Volatility of Reserves Estimates: Implications for Auditors.” Oil and Gas Tax Quarterly (1989): 358–374. Print.

Nichols, Linda. “The Politicization of Oil and Gas Accounting.” Oil and Gas Tax Quarterly (1986): 122–135. Print.

Books


Nichols, Linda. Oil and Gas Accounting: Upstream Operations. portfolio 52062nd. BNA - Bureau of National Affairs, 2011. Print.

Nichols, Linda. Oil and Gas Accounting: Upstream Operations . BNA Portfolio, 2011. Print.

Gallun, Rebecca et al. Fundamentals of Oil and Gas Accounting. PennWell Books, 2001. Print.

Blog Post


Nichols, Linda. “ABCs of LOEs.” N.p., 2017. Print.

Invited Reviewed Article


Nichols, Linda. “International Financial Reporting Standards UPdate for the Energy Industry.” 2013: 40–49. Print.


Texas Society of CPAs
Petroleum Accounting Society of Oklahoma
Council of Petroleum Accounting Societies
Catholic Business and Professional Women
AACSB Women Administrators in Management Education Affinity Group
American Accounting Association
Oklahoma Society of Certified Public Accountants
Associate Dean's Affinity Group
Women's Energy Network


ACCT 4163 Financial Reporting in Energy Industry
ACCT 7243 Upstream Oil and Gas Accounting
ACCT 7973 Seminar in Accounting Issues
BUS 7021 Business Applications
MBA 7110 MBA Experience
MBA 7120 MBA Experience 2
MEB 7043 Energy Accounting and Financial Reporting