Training for the Future


Oil and Gas Accounting Dubai

Course Code: OGAD

Dates: 4 Dec - 8 Dec | 7 May - 11 May | 27 Aug - 31 Sep | 15 Oct - 19 Oct | 3 Dec - 7 Dec

Price: £2950

Duration: 1 Week /s

Course objectives

The course provides an understanding of a series of major IFRS and standards that are particularly germane to the upstream oil and gas business, shows how to apply these accounting rules and discusses financial reporting requirements for the energy companies whose stock is traded: illustrates financial analysis of oil and gas firms. And presents and explains the metrics used to assess exploration and production operations.

Who Should Attend?

Planners, accounting personnel in the oil and gas industry.

Prerequisite courses

None

Course Overview

Accounting Concepts
  • The going concern concept, Materiality concept, Consistency concept, The matching concept

  • Concepts of Oil and Gas Accounting Methods
  • Successful efforts, full cost

  • IFRS 6 Exploration for and Evaluation of Mineral Resources
    Oil and Gas Accounting

  • Non-drilling exploration costs, Drilling exploration costs

  • Development costs, Production

  • Depreciation, depletion and amortisation

  • Additional Major Accounting Issues for the Oil and Gas Industry
  • Dismantlement, restoration and abandonment. Capitalisation of interest costs

  • Asset impairment under both successful efforts and full cost accounting methods

  • Financial Analysis: Analysis of Exploration and Production Activities

  • Disclosure requirement relating to oil and gas producing activities

  • Proven oil and gas reserve quantities

  • Costs incurred for the property acquisition, exploration and development activities

  • Financial and operational metrics to assess oil and gas company’s exploration and production

  • Hands-on Financial Statement Analysis Cast

  • Calculate and interpret various industry metrics

  • Assess oil and gas company’s exploration and production business performance

  • Finding costs and reserves value-added-to-spending ratios

  • Joint Venture Operations

    Learning Goal

    Participants should gain knowledge of:
  • The need, function, and benefit of strategic control

  • Planning strategy and tactical implementation

  • Strategy & tactics for a world class organisation

  • Set appropriate Key Performance Measures for their supply chain

  • Leadership in performance of people and processes


  • Course Materials
    Course notes
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