Mastering International Oil & Gas Accounting 2012

Mastering International Oil & Gas Accounting

This four-day course focuses on the accounting issues currently faced by the upstream oil and gas industry. It considers the accounting and financial reporting implications of all the main transactions undertaken in the upstream business, including cost allocation and capitalisation, revenue allocation and the accounting issues faced by joint venture operations and operators of concessions and PSC’s. The course considers both internal accounting issues and financial reporting under US GAAP and IFRS frameworks.

The course will include a wide range of learning and development approaches including:

-Lecture-based presentations

-Practice case studies

-Reviews of relevant financial statements

-Group exercises and discussions

-Expert tutor input

Alan has led numerous oil and gas courses around the world with participation of almost all the leading organisations in oil & gas industry such as Shell, British Gas, RWE Dea, OMV, Saudi Aramco, Dubai Supply Authority, Oman Gas, DNO Yemen, NAMCOR, Al-Khafji Joint Operations, Dragon Oil, GAPCO Kenya, NAPIMS – NNPC, TPDC, Pertamina, Department Of Energy Philippines, RAK Petroleum, PTTEP, PetroChina, Petrobras, Tullow Oil and NAPESCO etc.

Why Attend

The commercial and operational practices of the oil and gas industry pose unique challenges to accountants who need to operate under multiple reporting frameworks with conflicting accounting methods and with unique contractual arrangements such as production sharing contracts and joint venture arrangements. This course is intended to provide an in depth look at the accounting for these unique arrangements and help you and your team put them into practice.