Course Length: 2 Days Course Dates:
Course Description:
This course provides an advanced understanding of technical accounting issues specific to the oil and gas industry. By providing theoretical knowledge and practical learning this seminar aims to clearly explain the various issues faced by accountants within the oil and gas industry.
Who Should Attend :
• This is an advanced level programme designed for accounting and financial management personnel who want to enhance their analytic and presentation skills
• To be able to participate effectively, you should have already attended our two lower-level companion courses – accounting for the Energy, Oil and Gas industry
– Levels 1 and 2 – or be able to demonstrate a suitable combination of relevant experience and subject knowledge
• Financial Controllers
• Company Secretaries
• Audit Partners and Managers
• Senior Accountants
• Graduates of the Level 2 course
• Accountants and any other Accounting Department staff requiring an intermediate level of accounting knowledge
What You Will Gain:
Financial reporting update including an update on the status of the IFRS extractive industries standard
• IAS 21: Functional currency
• IFRS 10: Consolidated financial statements
• IFRS 11: Joint arrangements and advanced financing and reporting requirements
• IFRS 7: Financial instruments - disclosures
• IAS 33: Earnings per share
• IAS 12: Income taxes
• IAS 32 & 39: Financial instruments
• A practical guide to understanding capital operating costs for producing resource companies
• IFRS 8: Operating segments
• IAS 17: Leases
• Practical example of managing an oil and gas company from exploration, through development then as a production company.