Oil & Gas Finance

Joint Venture Accounting-OGF 8004

07 Nov 22-18 Nov 22 (London, UK), 01 Aug 22-12 Aug 22 (Dubai, UAE), 16 May 22-27 May 22 (London, UK),

Course Overview

This is a bespoke training course for officials and managers working directly or indirectly on joint venture projects. The course is made fluid to accommodate accounting and non- accounting staff engaged in joint ventures.


Learning Outcome

Indicative Contents

  • Overview of JV Accounting principles as dictated by IAS 31
  • Joint Operating Agreement
  • Equity Types and Groups
  • Joint Venture Budgeting (Matching approved budget with expended & paid up).
  • Project Cost Accounting
  • Budgeting and Performance Evaluation
  • Cost Allocation Process
  • Working Capital Management
  • Venture Bank Account (VBA) option
  • Capturing data on both sides
  • Recovery Indicators
  • Microsoft Excel (intermediate and advanced)
  • Partner Netting
  • Case study


More Detail
Duration This is a two-week programme spread over 10 working days.
Certification A certificate of completion is granted on successful completion of the programme.
Location (London, UK), (Dubai, UAE), (London, UK)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.
Fees £4,750.00 (excl. VAT) per delegate for 2 weeks.