International Oil Gas Accounting/Financial Management Immersion Workshop
March 17 - 26, 2015 - Radisson Blu Edwardian Vanderbilt Hotel, London UKIASeminars
customer.services@iaseminars.com
Phone:+44 333 344 3321
The ultimate in-depth learning experience! Spend two weeks learning about accounting (IFRS) and financial management practices as applied by the global upstream oil and gas industry. This eight-day dual-instructor workshop provides a detailed review of all significant IFRS requirements for the upstream oil and gas sector, including regulatory reporting and the diverse accounting practices that arise from the many commercial and contracting arrangements which are unique to it. It includes coverage of IFRSs, hands-on case studies, examples, exercises, and encourages attendee participation. The program includes the latest pronouncements. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes. The course looks in depth at diverse accounting practices permitted by IFRS 6 within the exploration and development phase by reviewing these against benchmark treatments in US GAAP. It goes on to consider how IFRS is applied in the development and production phases. In doing so it looks at the unique features posed by joint venture operations and contracting arrangements, in particular Production Sharing Agreements. Detailed treatments of revenues, costs, taxation arrangements conveyances and financial instruments used by the industry are considered. In addition to the detailed application of IFRS best practices in management reporting will be considered including chart of accounts, reporting by operators to partners and key financial and reserves reporting metrics used by the industry.