Advanced US GAAP For The Upstrean Oil & Gas Industry (3 days)

Description

 

Oil and Gas is one of the most complex businesses that require massive capital investments. This complexity and the spending magnitude require the adoption of complex industry specific accounting rules, pronouncements, practices and disclosures.

The three days intensive USGAAP executive course covers both practical application of the most recent accounting pronouncements and related SEC disclosures as applicable to the upstream oil and gas industry. In addition all sessions will include applicable case studies relevant to the topic

 

This course takes you through accounting transactions involved in:

  • Exploration & Evaluation Phase

  • Development phase

  • Production phase

  • Conveyance

  • Oil and Gas and NGL sales

  • Partnership and International operations

  • Business combination in the upstream oil and gas business

 

In this course, you will learn:

  • How to understand and apply a series of major financial accounting principles and standards that are particularly associated with the upstream Oil and Gas

  • In-depth technical training on significant USGAAP accounting treatments applicable to the industry

  • The measurement and valuation of the upstream oil and gas properties

  • The internal control points to ensure the company is accounting for all of the transactions

  • Recent USGAAP and SEC developments, and interact with industry peers and discuss lessons learned