|Code||Date||Venue||Early Bird Fee||Fee|
|PE1292||15 - 18 Oct 2019||Kuala Lumpur, Malaysia||SGD 4,525||SGD 4,725|
About this Training Course
This 4-day intermediate-level course aims to provide a deeper knowledge and understanding of E&P accounting, finance principles and concepts for those who have already been working in the sector for several years and are ready to improve their understanding to support career aspirations.
The course provides a sound understanding of accounting and finance related issues, policies and practices specific to Exploration and Production (E&P) sector of the international oil & gas industry. It provides a brief overview of how the technical work of E&P, exploration, development and production, takes place and the types of costs involved at each stage. You will explore each of the stages in the lifecycle of an oil & gas project from rank exploration to production.
You will be exposed to how these activities are accounted for under international financial reporting standards, IFRS, and GAAP (particularly US GAAP). You will learn how to account for international E&P activities with multiple projects at various stages in their lifecycle. And finally, you will appreciate how the operator of a joint venture incurs expenditures under the terms of a joint venture agreement (JOA) so that they are accounted for under the correct joint venture and reported against the approved budget and AFE for cost control purposes.
The training and knowledge gained on the course will enable you to actively participate in improving practice and procedures within their functions and be more confident in engaging with non-finance colleagues. An emphasis on the nomenclature and terminology will be clearly defined to demystify the industry and enable more effective communication with colleagues from non-financial backgrounds when discussing issues and requests for information for financial purposes.