This four-day live, virtual or face to face course enable preparers and users of financial statements in the oil & gas industry to apply and analyse the international accounting principles in relation to exploration, development and production activities.
The course covers impact of diverse accounting practices for upstream business, accounting issues in development and production stage, and the disclosures in relation to oil & gas companies reserves. In addition, the course covers the principles in relation to accounting for financial instruments, revenue recognition, leases and joint arrangements, including production sharing contracts. There is extensive use of case studies and examples throughout the course.
To enable the participants to obtain an in-depth understanding of the accounting for oil and gas and analysis of the financial statements:
The following oil & gas company personnel will benefit from the knowledge shared in this course:
A basic understanding of financial statements under any GAAP is a pre-requisite.