IFRS for Oil & Gas Industry (International Financial Reporting Standards) (IFRS)

Venue: Dubai

Location: Dubai, United Arab Emirates

Event Date/Time: Nov 14, 2011 End Date/Time: Nov 16, 2011
Registration Date: Nov 14, 2011
Early Registration Date: Sep 09, 2011
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IFRS for Oil and Gas Industry Workshop
Tackling specific challenges facing oil & gas industry’s IFRS implementation and updates

14 – 16 November 2011, Dubai, UAE

Despite the large volume of information available to assist with the interpretation of IASB standards, there is relatively little guidance tailored to the needs of the Oil and Gas industry. The structure and
focus of this course is to provide such specific guidance. Attend this IFRS Workshop for Oil and Gas Industry and make use of practical and real life case studies. Gain immediate knowledge and experience in how to apply the various accounting rules to your complex accounting issues in your organisation, and understand the options available to organisations in the Oil and Gas sector in applying those standards.

Programme Agenda
Module 1 – Overview of IFRS Principles and Concepts
Module 2 – Oil and Gas Industry Accounting Issues
Module 3 – Recognition and Valuation of Non-Current Assets
Case Study: Determination and valuation for oil and gas infrastructure assets and illustration of key accounting issues
Module 4 – Accounting for Exploration and Evaluation Activities
Module 5 – Accounting for Development and Production Activities
Case Study: Determination of CGU and allocation of impairment charge across CGU. Reversal of impairment loss for CGU with and without goodwill
Module 6 – Provisions and Decommissioning
Case Study: Determine appropriate provision and prepare necessary journal entries, allowing for discounted cash flow methodologies
Module 7 – Recognition and Valuation of Inventory and Reserves
Module 8 – Revenue Measurement and Recognition
Case Study: Calculation of revenue and royalties, and allocation across geographic segments
Module 9 – Derivative Instruments and Foreign Currency Transactions
Module 10 – Accounting for Operating and Finance Leases and Similar Transactions
Module 11 – Business Combination, Strategic Investments and Joint Venture Arrangements
Case Study: Comparison of consolidation, equity accounting and joint venture and implication on financial ratios and financial statements
Module 12 – Future IFRS Direction, US GAAP Convergence and Course Review

More details at www.infocusinternational.com/ifrs

To register/enquire, please contact:
Michelle Lim
Tel: +65 6325 0215
Email: michelle@infocusinternational.com