International Oil Gas Accounting/Financial Management Immersion Workshop
WhenMar 17, 2015 09:00 AM to
Mar 26, 2015 06:00 PM
The ultimate in-depth learning experience! Spend two weeks learning about accounting (IFRS) and financial management practices as applied by the global upstream oil and gas industry.
This eight-day dual-instructor workshop provides a detailed review of all significant IFRS requirements for the upstream oil and gas sector, including regulatory reporting and the diverse accounting practices that arise from the many commercial and contracting arrangements which are unique to it. It includes coverage of IFRSs, hands-on case studies, examples, exercises, and encourages attendee participation. The program includes the latest pronouncements. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.
The course looks in depth at diverse accounting practices permitted by IFRS 6 within the exploration and development phase by reviewing these against benchmark treatments in US GAAP. It goes on to consider how IFRS is applied in the development and production phases. In doing so it looks at the unique features posed by joint venture operations and contracting arrangements, in particular Production Sharing Agreements. Detailed treatments of revenues, costs, taxation arrangements conveyances and financial instruments used by the industry are considered. In addition to the detailed application of IFRS best practices in management reporting will be considered including chart of accounts, reporting by operators to partners and key financial and reserves reporting metrics used by the industry.
The fee includes:
- 8 days of formal tuition.
- Full set of course materials.
- An iPad Mini which you can use for research.
- A local sightseeing tour.
- Lunch and refreshments on every teaching day.
- Farewell dinner.
The course will benefit:
- Financial accountants in the oil and gas industry
- Management accountants of IOC's and NOC's
- Internal and auditors of oil and gas reporting under IFRS
- Staff of revenue authorities and NOC's working with IOC's
*Please note that the venue may occasionally change. Contact us for details.
Course Fee: GBP 5750
Group Discounts Available: GBP POA
Speakers: Ahmed Badawy, Alan Mayo