Course ID 009C: Strategic Exploration & Production Accounting May 26 -30 * Houston
This course is aimed at improving the knowledge of participants and ensuring capacity building in the performance of International E & P accounting and finance practices which have become germane for success in running businesses in the industry.
This course entails:
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Presentations
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Practical examples, exercises
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Group discussions and reviews
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Case studies
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Course Outline:
Case Studies & Reviews
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Overview of the E & P industry
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Changes impacting the industry
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Impact on accounting and finance in the success or failure of E & P operations
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Accounting Policies and the oil and gas industry
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Regulation of oil and gas accounting
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Accounting policies and reporting of financial performance
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Successful efforts and full – cost accounting
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Reserve data and accounting calculations
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Calculation of depreciation, depletion and amortization ( DD & A)
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Impacts of Differing Levels of Capitalized Assets
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Impact of Financial Statement – FC vs. SE
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Cash Flow Analysis
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Conducting Impairment or Ceiling Test
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Accounting for Decommissioning Cost
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Accounting Disclosures
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International Accounting Standards
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Sales Revenue and E & P Company Taxes
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Accounting for Financing Arrangement
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Government Policies & Legal Frameworks for E & P
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Introduction to Joint Venture & Partnerships
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Why do companies and countries go into Joint Venture
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Joint Venture and Accounting
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Preparation and Processing of a Cash Call
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Unitization and Redetermination
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Joint Venture Billings/Statement
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Allocation of a Joint Venture Cost
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Materials and Inventory Accounting
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Joint Venture Failures/Issues Due to Accounting Mistakes
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Production Sharing Contracts
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Accounting for Production Sharing Contracts
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Accounting Issues & Challenges in PSC
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Project Cost Estimation
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Control of Capital Expenditure
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Control of Production Operating Cost
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Fixed and Variable Cost Analysis
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Activity Analysis
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Introduction to Drilling
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Well Cost Estimation, controlling drilling expenditure
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Forecasting Drilling AFE Costs
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Reviewing Well Cost & Completion
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Comparative Analysis
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Departmental Budget
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Performance Measurement
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Balanced Scorecard
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Financial and Strategic Planning
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Ethics & Morality
Who Should Attend
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Finance and accounting staff
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Commercial and contract staff that will benefit from this course
Course Duration: 5 Days
Course Fee: $4, 000
REGISTER BY JANUARY 15, 2014 AND GET 10% DISCOUNT!