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

Course Benefits

 

  • Understand the different accounting methods for the Upstream oil and gas businesses
  • Learn the major differences between Full cost Vs Successful efforts method
  • 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
  • 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
  • Explore revenue recognition issues facing the upstream business including imbalances
  • Understand the tax rules that are applicable to the industry
  • Master the disclosure requirements in addition to the SEC rules