Mastering International Oil & Gas Accounting

Mastering International Oil & Gas Accounting 2014

Mastering International Oil & Gas Accounting
17th to 20th June 2014
Novotel Clarke Quay, Singapore

Official event website: http://neo-edge.com/event-line-up/energy-utilities/mastering-international-oil-gas-accounting-4/

Overview

The commercial and operational practices of the oil and gas industry pose unique challenges to accountants who need to operate under multiple reporting frameworks with conflicting accounting methods and with unique contractual arrangements such as production sharing contracts and joint venture arrangements. This four-day course focuses on the accounting issues currently faced by the upstream oil and gas with an emphasis on operations under Production Sharing Contracts. It is intended to provide an in depth look at the accounting for these unique arrangements and helps you and your team put them into practice.

Specific areas treated include:

  • Property, plant and equipment
  • Intangibles and in particular exploration and evaluation activities
  • Oil and gas reserves
  • The challenges posed by impairment reviews
  • Provisions, particularly decommissioning costs
  • Joint venture and production sharing agreements
  • Financial instruments and application of hedge accounting treatments

This course is kept up to date with developments in best practices and evolution of accounting standards.

To access the full agenda, please send your detailed contact information to enquiry@neo-edge.com. Please indicate subject title “Mastering International Oil & Gas Accounting”.

Programme

This four-day course focuses on the accounting issues currently faced by the upstream oil and gas with an emphasis on operations under Production Sharing Contracts. It considers the accounting and financial reporting implications of all the main transactions undertaken in the upstream business, including cost allocation and capitalisation, revenue allocation and the accounting issues faced by joint venture operations and operators of concessions and PSC’s. The course considers both internal accounting issues and financial reporting under US GAAP and IFRS frameworks.

The course will include a wide range of learning and development approaches including:

  • Lecture-based presentations
  • Practice case studies
  • Reviews of relevant financial statements
  • Group exercises and discussions
  • Expert tutor input

To access the full agenda, please send your detailed contact information to enquiry@neo-edge.com. Please indicate subject title “Mastering International Oil & Gas Accounting”.

Speaker

The trainer is an accounting and finance professional with nearly thirty years’ experience. For the past twenty years he has specialised in consulting and the delivery of in- house and public financial training delivering programmes in accounting and financial management. During this time he has worked across many sectors and in many countries.

Within the oil, gas and petrochemicals sector he has worked on accounting and performance issues with finance teams from Shell, Saudi Aramco, Tyumen Oil, DuPont and British Gas.

Previously as a senior consultant with PwC he led a team of financial training consultants responsible for developing and delivering programmes in financial management, accounting and shareholder value.

He started his career at PwC, where he worked for eight years in London in their audit and business advisory division where he obtained his chartered accountancy qualification. After qualifying he was seconded for two years to their Paris office. On his return to London from Paris he co-founded the client training business for PwC in London. The trainer now runs a successful financial training company based in the UK and splits his time between managing that business and instructing on Oil & Gas Accounting and IFRS.

The trainer is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of their finance and management faculty and has an Honours Degree in Economics from BristolUniversity.

Why Attend

The trainer has led numerous oil and gas courses around the world with participation of almost all the leading organisations in oil & gas industry such as Shell, BP, Eni, RWE Dea, OMV, Saudi Aramco, Dubai Supply Authority, Oman Gas, DNO Yemen, NAMCOR, Al-Khafji Joint Operations, Dragon Oil, GAPCO Kenya, NAPIMS – NNPC, TPDC, Pertamina, Department Of Energy Philippines, RAK Petroleum, PTTEP, PetroChina, Petrobras, Tullow Oil and NAPESCO etc.

Testimonials

“The trainer’s training is a big help in identifying the issues to focus on for the coming year!”

– Head of Financial Reporting, an E&P Company in Southeast Asia

“The trainer’s is not only an excellent presenter with comprehensive knowledge in the area of oil & gas accounting, but he has a very detailed understanding in both US GAAP and IFRS. I will definately consider more courses with the trainer in the future”

Head of Accounting, TAQA, UAE

“A well-organized training. The trainer is a good teacher who presents in-depth materials and concrete examples with easy to understand English for full understanding of what was being presented”

Finance & Account Manager, Damagix Nigeria Ltd

“Once again, The trainer’s presentation style and good use of case studies was very well received by our accounts staff”

Accounts Manager, Rak Petroleum

 

Attendee Profile

 Who Should Attend

The course will be of benefit to all finance and accounting professionals who require an in depth understanding of oil and gas accounting procedures including those involved in the preparation, audit or analysis of oil and gas accounts.

It will particularly benefit:

  • Staff who are taking on increased financial or Accountancy responsibilities including: Chief Accountants, Financial Accountants, Accounting Clerks, Joint Venture and Joint Operating Agreement Accountants, Internal and External Auditors, Financial Analysts from financiers and regulators etc
  • Operations Managers etc from various organisations wishing to improve their understanding of oil and gas accounts.
  • Those accountants, auditors and analysts who are relatively new to the oil and gas industry.

Participants shall have a fair working knowledge of general accounting principles and practices.

Hotel Information

Novotel Singapore Clarke Quay

177A River Valley Road
Singapore 179031
Contact: Corine Yap
Sales Executive
Tel: +65 63383333
Fax: +65 63384266
Email: H5993-SL2@accor.com

Please quote Oil & Gas Accounting Workshop Organised by Neoedge Pte Ltd to enjoy Corporate Rate.

Mastering International Oil & Gas Accounting

Mastering International Oil & Gas Accounting 2014

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