" Great fun and we learnt a lot from instructors experience" - Gina (USA)

Prices: 

 $ 4,900 for 1 Week

 $ 8,000 for 2 weeks

Dates:

March 11, 2019

April 15, 2019

May 13, 2019

June 10, 2019

July 15, 2019

August 12, 2019

September 9, 2019

October 14, 2019

November 11, 2019

December 2, 2019

Making the most efficient use of your resources is critical to the success of any company. Finance and accounting comprise the universal business language and help you manage those resources effectively. Planning and decision-making that occur in an informal financial context permit better application of resources and promote competitive advantage. 

The aim of this course is to improve delegates' job performance by enhancing their understanding of current international practices in finance and accounting within the E&P industry. This is achieved through an examination of (a) accounting standards, policies, and practices in the oil and gas industry, and (b) the accounting and financial management implications of exploring for and producing oil and gas. 

An understanding of accounting also allows a company to trace a competitor's actions from its financial statements and to plan accordingly. The latest issues: The role of International Financial Reporting Standards (IFRS) in today's environment, IFRS 6; COPAS involvement; intangible and tangible asset disclosure and their treatment; Joint operations, Reserves disclosure - Standardized Measure of Oil and Gas (SMOG), (FAS 69 and FRS 3) Capitalized Asset assessment - Present Value 10 construction; Comparative Analysis of Financial Statements: Analyzing the financial statements, common sizing; rate of change; basic ratios; oil and gas industry standards; trends over time.

Designed For:

Personnel new to the oil and gas accounting industry - accounting, finance, or economists, others desiring to understand or refresh their knowledge of basic petroleum accounting concepts, financial personnel needing to understand unique issues as they relate to the petroleum industry, and technical or asset team members looking for the basic concepts of accounting and finance.