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GLOBAL ACCOUNTING & ADVISORY SERVICES
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1/6
Advanced US GAAP For The Upstrean Oil & Gas Industry (3 days)
Course Benefits
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Understand the different accounting methods for the Upstream oil and gas businesses
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Learn the major differences between Full cost Vs Successful efforts method
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Master the accounting transactions associated with the different stages in the upstream oil and gas industry starting from the drilling activities all the way to the production phase
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Understand that specific accounting issues that are relevant to the upstream oil and gas industry, including depreciation, impairment, asset retirement obligations together with Oil and gas property conveyances
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Explore revenue recognition issues facing the upstream business including imbalances
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Understand the tax rules that are applicable to the industry
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Master the disclosure requirements in addition to the SEC rules
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