Wayne Scott

Wayne Scott is a lecturer in the Department of Accounting at the McCombs School of Business at The University of Texas at Austin. Mr. Scott also consults with oil and gas companies and has over twenty years of experience in the international oil industry.

Mr. Scott served as Director of Professional Development at The University of Texas of the Permian Basin where he also taught Cost Accounting, Audit Theory and Practice, Financial Statement Analysis, International Accounting and Management, Oil and Gas Tax and Oil and Gas Accounting, and International Economics. He has taught Oil and Gas Accounting courses for participants from oil companies from around the globe.

Outside academia, Mr. Scott has many years of experience in the oil and gas industries. He served as Director of International Financial Operations worldwide for Occidental (Oxy) Oil and Gas Company. In this position, he managed all financial and accounting activities for the company's new and existing foreign operations, with emphasis on business systems, financial planning and analysis, and foreign operating contracts. He directed the financial managers of Oxy's foreign operations, and was responsible for the review and negotiation of foreign contracts with joint venture partners and foreign governments.

Scott was Chief Financial Officer and Controller for Oxy's North Sea Operations in Aberdeen where he was responsible for all financial activities related to over thirty joint ventures. He also served as the Chief Financial Officer of an oil company in Denver, Colorado, where he planned, organized and directed all aspects of the Finance Department including accounting, finance, internal controls, budgeting, auditing and treasury functions.

Mr. Scott’s work with the Council of Petroleum Accounting Society and International Accounting Society resulted in the development the Oil and Gas Accounting Model for the Association of International Petroleum Negotiators (AIPN).