Skills Improvement Course for Internal Auditors in Oil and Gas

To provide participants with knowledge, skills and practical methods that will enable them to effectively apply the modern methods of accounting in the Oil and Gas Industry.

CONTENT

• Introduction of Oil & Gas Accounting
• Accounting for Non-Drilling Exploration Cost
• Acquisition of Unproved Property
• Drilling and Development Costs
• Depletion
• Impairments and Abandonment
• Full-Cost Accounting
• Accounting for Production Activities
• Revenue Accounting
• Joint Venture & Production Sharing Contracts (PSC)
• Accounting for Basic Conveyances
• International Agreements
• Supplemental Disclosures
• Statement Analysis

FOR WHOM:

Finance Directors, Senior Accountants, Internal Audit Managers, Internal Auditors Managers who need to improve their understanding of Oil and Gas Finance and Accounting.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.