Course Information
- Course Price
- Location Istanbul Courses
- Course Code OGAI
- Course Date 5 May - 9 May 2025
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