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Live Online Training Schedules

Now participate in a live online course for a highly discounted fee of only $850, as a limited introductory offer.
(Terms and conditions apply)
AF3813 Jul - 17 Jul, 2020$2150Register
AF3814 Sep - 18 Sep, 2020$2150Register
AF3816 Nov - 20 Nov, 2020$2150Register
AF3822 Feb - 24 Feb, 2021$1750Register
AF3831 May - 04 Jun, 2021$2150Register
AF3830 Aug - 03 Sep, 2021$2150Register
AF3822 Nov - 26 Nov, 2021$2150Register

Classroom Training Schedules

AF3802 Nov - 06 Nov, 2020Houston$5695Register
AF3807 Mar - 11 Mar, 2021Dubai$4750Register
AF3816 Aug - 20 Aug, 2021New York$5695Register

Did you know you can also choose your own preffered dates & location? Customise Schedule

This training programme is designed and structured to give the delegates an overview of the technical details involved in the practices of accounting for oil and gas production and exploration. This course is designed to understand Cash Call and compute Cost Allocation for both PSC and JV. It will help delegates to have good internal controls on their financial and revenue accounting.

Who Should Attend?

Personnel who can attend this course are:

    • Auditors
    • Tax department staff and managers from different departments
    • Financial analysts and accountants
    • Accounts and finance managers and staff
  • Corporate planners
  • Planning departments Staff

Course Objectives

This training programme will enable the delegates to:

  • Compute cost allocation for both PSC and JV
  • Utilize financial control systems (Internal / external controls in a control environment)
  • Acknowledge operations and joint venture operating agreements
  • Study and learn Oil and Gas Revenue Accounting

Interested in SAP Hana Courses? You might want to check out our SAP HANA category of courses.

Course Outline

  • Overview of Exploration, Production and Characteristics of Petroleum industry
  • Analysis: Oil & Gas (E& P) and Ascertainment, Cost Classification & Treatment of Costs
  • The fundamentals of Accounting and financial policies in relation to O&G upstream operations
  • Description: Operations and joint venture operating agreements
  • Overview: Cost allocation for both PSC and JV asset tariff charges
  • Understanding Accounting Implications and E&P operations funding arrangements
  • Introduction to Oil and Gas Revenue Accounting
  • Overview: The Memorandum of Understanding (MOU) and Joint venture (JV) agreements
  • Difference between Allowable and Non-Allowable Costs
  • Expenditure (AFEs) Authorization
  • Overview of JV Accounting Reports
  • Understanding the PSC Agreements
  • Understanding Accounting Implications of Carried Interests, PSC Accounting Procedure and Reporting Processes
  • The concept of Budgets and financial planning
  • An overview: Budgets Preparation
  • Differences between Corporate Budgets vs JV budgets
  • Non-Operated vs Operated Budgets
  • Understanding Budgets Analysis
  • Introduction to Financial Controls Systems
  • Understanding the concept of Budgetary Control
  • Budget Control and AFE administration
  • Performance measurement and performance bench marking
  • Financing Options for Oil and Gas
  • Profit Tax & Production Tax: Oil and gas tax regimes
  • Description: Financial Performance Analysis for Multinational Oil Companies
  • Acknowledging the Financial Statement of International Oil Companies

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.
Online Courses
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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Due to the recent COVID-19 pandemic, we've decided to offer live online webinar training classes for all of our courses.

You can participate in our training sessions with the safety & comfort of your own home or office. This helps you fulfill your learning requirements, while availing massive discount on regular course fees.

Register for a live online session now.

To register for a course, please fill the information request form on the course page, or reach us through the live chat or WhatsApp using the apps below.

Live Online Training

Now participate in a live online course for a highly discounted fee of Only $850, as a limited introductory offer.

(Terms and conditions apply)