Introduction to royalty accounting covering basic concepts, minimum rent, shortworking calculations, and recoupment procedures. Explains landlord-tenant relationships in mining, patent, and copyright royalties with detailed accounting treatments, journal entries, and ledger maintenance.
Advanced royalty accounting covering sub-leasing arrangements, minimum rent variations, complex shortworking scenarios, strike/lockout provisions, and specialized royalty calculations. Includes comprehensive problem-solving with multiple-year examples, balance sheet presentations, and intricate recoupment calculations.
Intermediate royalty accounting covering royalty calculations with sub-leasing, minimum rent adjustments, partial recoupment scenarios, and balance sheet presentations. Includes practical examples with varying production levels, seasonal adjustments, and detailed workings for shortworking calculations.