Course Description

IFRS for the oil & gas and petrochemical sectors (upstream, midstream & downstream) will help to give significant understanding of oil & gas accounting, reporting and performance measurement. This course will give participant the ability to use, prepare careful evaluate information on upstream, midstream & downstream and apply specialist industry knowledge and important analytical skills.

Course Objectives:

At the end of this course, delegates will be able to:

• Develop an understanding of the accounting standards, policies and practices used by companies in the oil & gas industry
• Appreciate the nature and financial implications of production sharing contracts and other agreements between host governments and international companies
• Examine issues and guidelines in accounting for joint ventures
• Identify and know how to apply international and national accounting standards most relevant to the industry
• Improve relevance and reliability of financial reports to better meet the needs of users
• Review and use publicly available I formation for benchmarking the business performance of companies in the industry

Who Should Attend?

• Corporate Accountants
• Financial Controllers
• Treasury Officers
• Management Accountants
• Finance Staff in General Accounting Payables, Receivables, Inventory, Fixed Assets.
• Joint Venture Accountants and Auditors
• External, Financial and Internal Auditors
• Government Regulators and Auditors
• Financial and Investment Analysts

Delivery Method: (IFRS) for the Oil & Gas and Petrochemical Sectors training seminar is introduced with an illustrated presentation on the activities to be accounted for, the methods used, and the issues arising in the financial reporting of those activities. Learning on each topic is developed by a worked example, and participants then complete an exercise, individually or in groups as appropriate, to ensure that they are able to apply what they have learned. On completion of each exercise, a full solution is issued and discussed, with an opportunity for questions and answers.

Venue:  

Fee:  

Duration: 2 weeks

Course Date: June 5th – 9th, 2023