Mastering International Oil & Gas Accounting (T1305O&GA)
Venue: Ramada Dubai
|Event Date/Time: May 06, 2013 / 8:30 am - (GMT +4:00 hours)||End Date/Time: May 09, 2013 / 5:30 pm - (GMT +4:00 hours)|
Mastering International Oil & Gas Accounting
Dubai, United Arab Emirates
06 to 09 May 2013
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 course is intended to provide an in depth look at the accounting for these unique arrangements and help you and your team put them into practice.
This four-day course focuses on the accounting issues currently faced by the upstream oil and gas industry. 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.
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
It will be led by Alan Mayo, Director, Maltway Ltd, UK, who has almost thirty years of successful professional experience and has co-founded the client training business of PwC London.
Seats are limited! To secure your seats or for more information, call us today at +65 6557 9183 or email us at