Financial Reporting of Oil and Gas (JV and PSC) OG 8002

4th - 15th June 2018 (London, UK) 10th - 21st September 2018 (Dubai, UAE) 10th - 21st December 2018 (London, UK)

Course Overview

This is a bespoke training course for officials and managers charged with the responsibilities of
preparing or using financial reports generated from the activities of Oil and Gas venture partnerships.
Special attention will be paid to the requirements of International Financial Reporting Standard (IFRS)
for the presentation financial statements and their underlying principles.
This programme is made fluid to accommodate both accountants and non-accountants.

Learning Outcome

By the end of this programme, delegates will be having better
understanding of:
 Oil and Gas business partnerships/ownership types
 Concept of substance over form
 The different valuation principles for financial reporting purpose
 Equity vs proportional consolidation method
 Reporting on discontinued/Abandon operations

Indicative Contents

 Overview of JV Accounting principles as dictated by IAS 31

 Recognition of assets and liabilities in the entity’s books
 Cash flow Management - Considering cash call and alternative funding accounting
 Discontinued operations (IFRS 5)
 Microsoft Excel – intermediate & advanced
More Detail
Duration 10 working days
Certification A certificate of completion is granted on successful completion of the programme.
Location Dubai-UAE, London-UK
Travel and accommodation Travel and accommodation to be paid for at source by delegates
Fees Course fees for tuition, materials and certification: £4,750 (Excl. VAT) per delegate for 2 weeks.
Zenith Professional Training