IFRS for Oil & Gas Industry

Venue: Dubai

Location: Dubai, United Arab Emirates

Event Date/Time: Oct 15, 2012 End Date/Time: Oct 18, 2012
Registration Date: Oct 12, 2012
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IFRS for Oil & Gas Industry Workshop

15 – 18 October, 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 fl ow 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 - Accounting for Operating and Finance Leases and Similar Transactions
Module 10 - 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 11 - Derivative Instruments and Foreign Currency Transactions
Module 12 - Reserve Disclosure, Analysis and Ratio Calculations
Module 13 - Future IFRS Direction, US GAAP Convergence and Course Review


“This was the best course I have been on in ages. Really helpful – lots of great info – I look forward to applying it to some cases I have. ”
- Finance Director, Dana Gas

“David’s knowledge of the subject is excellent. He clearly understands accountant’s needs and what they need to know. ”
- Finance Manager, Vietnam Oil and Gas Group

“David has a remarkable ability to explain material in clear manner and answer questions thoroughly and concisely.”
- Finance Manager, Petronas

More details at www.infocusinternational.com/ifrs

To register/enquire, please contact:
Michelle Lim
Tel: +65 6325 0211
Email: michelle@infocusinternational.com