Course not currently available
Pratical Accounting in JV and PSC
Course
In Kuala Lumpur ()
*Indicative price
Original amount in SGD:
$ 3,995
-
PTP Training & Marketing Ltd
Course OnlinePrice on request -
International Career Institute
Course Online£ 718 -
Engineering Institute of Technology
Foundation degree OnlinePrice on request -
Ethan Hathaway
Training Malaysia / Classroom-basedPrice on request -
Kilroy's College
Course Distance Learning£ 540 + VAT -
Weymouth College
Course OnlinePrice on request -
LBC Manchester Ltd
HND Online£ 3,300 VAT exempt
Description
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Type
Workshop
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Level
Intermediate
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Class hours
8h
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Duration
3 Days
This 3-day course will cover the essence of establishing good accounting practices for both joint venture and production sharing contract in the oil & gas industry. Participants will benefit through specific understanding and of current industry accounting practices, corporate reporting and financial analysis reinforced with real world oil & gas case studies learning and daily exercises.
About this course
UNDERSTAND the general principles of accounting for Conveyances
MASTER the accounting for Farmouts, Carried Interests and Unitizations.
UNDERSTAND the application of accounting for Partnership Interest
DEVELOP an understanding on international operations, the general risks, the role of E&P subsidiaries, the accounting issues and the financial accounting for Product Sharing Contracts (PSC).
Accounting and finance professionals who wish to enhance their knowledge in accounting in upstream joint ventures and production sharing contracts including
Executives and Managers from Upstream E&P Accounting
Financial Analysis
Financial Controllers
Budgeting
Auditing
Planning
Joint Ventures
Production Sharing and Project Management
Reviews
Subjects
- Basic accounting principles
- Accounting
Teachers and trainers (1)
Ahmed Badawy
Corporate Financial Executive
Ahmed Badawy is a corporate financial executive with a US public corporation, leading their global IFRS and US GAAP reporting group. Prior to that and until 2009, Ahmed was a Senior Audit Manager and National IFRS conversion specialist with PricewaterhouseCoopers in Houston, where he worked on multiple international engagements for both public and private companies. He was also the Chairman of the PwC IFRS subject matter experts committee, and a leader within the IFRS core team for the Energy Sector and the Greater Houston market.
Course programme
The program addresses questions raised in the industry such as:
- What are the different forms of Joint Arrangements and how should the venture account for each type?
- How to account for the different forms of Joint Operating Agreements?
- What are the accounting procedures for Joint Operating Agreements?
- What does IFRS have to say about asset exchanges and conveyances of oil and gas interests?
- How to allocate the costs between ventures and record the material transactions between ventures?
- What are the main revenue recognition issues faced by the industry?
- How production sharing agreements should be accounted for?
- How the Joint Interest Billing and Cash Calls are accounted for?
- How to account for rehabilitation funds under IFRS?
Pratical Accounting in JV and PSC
*Indicative price
Original amount in SGD:
$ 3,995
-
PTP Training & Marketing Ltd
Course OnlinePrice on request -
International Career Institute
Course Online£ 718 -
Engineering Institute of Technology
Foundation degree OnlinePrice on request -
Ethan Hathaway
Training Malaysia / Classroom-basedPrice on request -
Kilroy's College
Course Distance Learning£ 540 + VAT -
Weymouth College
Course OnlinePrice on request -
LBC Manchester Ltd
HND Online£ 3,300 VAT exempt