Accounting for Downstream Oil & Gas under US GAAP (3 days)

Agenda

 

  • Long Lived Assets and Impairment
  • Revenue recognition including the converged U.S GAAP and IFRS revenue standard (ASC 606)
  • Inventories valuation issues including tax conformity rules
  • Financial Instruments, derivatives, hedging and investments including the new rules for financial instruments
  • Consolidation, associates and joint ventures
  • Business Combinations
  • Joint Ventures accounting
  • Income Tax
  • Contingent assets and liabilities
  • Employee benefits and share based payments
  • Lease accounting
  • SEC disclosure requirements