Financial Reporting of Oil and Gas (JV and PSC)-OG 5005

7th June - 18th June 2021 (London, UK) 2nd August - 13th August 2021 (Dubai, UAE) 1st November - 12th November 2021 (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 havingbetter 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
  • Overview of accounting policies
  • Recognition of assets and liabilities in the entity’s books
  • Cash flow Management - Considering cash call and alternative funding accounting
  • International financial reporting standards
  • Discontinued operations (IFRS 5)
  • Microsoft Excel – intermediate & advanced
  • Post reporting period



More Detail
Duration This is a one-week programme spread over 10 working days. working days
Certification A certificate of completion is issued 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 2weeks.
Zenith Professional Training