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Financial Reporting of Oil and Gas (JV and PSC)

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Training by Zenith Professional Training

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On-Site / Training

GBP 4,750.00

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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 Outcomes

By the end of this programme, delegates will have 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.

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Zenith Professional Training (ZPT) has carved an enviable reputation as a leading provider of corporate training in marketing, management, Leadership, Accounting, Public relations and Security Management. We provide creative leadership and management solutions aimed at giving our participants and their employers a competitive edge in an ever dynamic business world.

The Centre also design and deliver tailor made courses to meet specific needs of employees/organizations. ZP Training operates from both London and Manchester two of United Kingdom most cosmopolitan cities (London and Manchester) as well as Dubai (UAE), Houston, Texas (USA) and Accra (Ghana).

Our clients cut across the globe, from Nigeria to Mauritius, Gambia to United Arab Emirates, and Pakistan to St Lucia. Every year, individuals, organizations and Governments benefit from our highly resourced course leaders and facilitators.

Courses delivered by the Zenith Professional Training are endorsed by Chartered Institute of Management Accountants (CIMA). Some of the Centre’s courses also lead to certification by Highfield Awarding Body for Compliance (HABC). Zenith Professional Training is accredited by the British Accreditation Council (BAC) as a short course provider, this accreditation covers courses delivered in UK only. ...

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Financial Management