INTERNATIONAL OIL AND GAS ACCOUNTING AND FINANCIAL MANAGEMENT

This course provides a comprehensive review of the significant International Financial Reporting Standards (IFRS) requirements applicable to the upstream oil and gas sector. The program delves into regulatory reporting and the unique accounting practices that arise from the industry's diverse commercial and contractual arrangements. Through hands-on case studies, practical examples, and interactive exercises, participants will gain a detailed understanding of IFRS principles and their specific application. The curriculum is updated with the latest pronouncements to ensure participants are current on all relevant topics. Additionally, the course equips attendees with the skills to research complex accounting issues and monitor future regulatory changes.

• Review and understand key IFRS requirements and their application to the upstream oil and gas industry.
• Analyze and address complex accounting issues unique to the sector's commercial and contractual arrangements.
• Apply IFRS principles through practical case studies and hands-on exercises.
• Stay current with the latest IFRS pronouncements and their implications for financial reporting.
• Develop the skills necessary to research future accounting standards and regulatory changes.

IFRS (International Financial Reporting Standards), IASB (International Accounting Standards Board) pronouncements, IFRIC interpretations, US GAAP (for comparison), SPE PRMS (Petroleum Resources Management System), ISM Code (financial resource management), OECD Transfer Pricing Guidelines, National accounting standards, Production Sharing Agreements (PSA), Concession Agreements.