Introduction to Oil and Gas Accounting and Reporting 2014

Topics

• Financial and supplemental disclosures
• Principles of oil and gas financial accounting and reporting
• Oil and gas industry and the current challenges
• Full cost vs successful efforts
• Key oil and gas accounting methods
• Depreciation, depletion and amortisation in an oil and gas context
• Account for exploration, production, drilling and development costs
• Revenue accounting
• Asset impairment, restoration and abandonment provisions
• Accounting treatment of joint ventures and production sharing contracts
• Cost and estimation, and managing contingencies
• Financial statements and KPIs that drive decision making

Who should Attend

Personnel involved with the financial accounting and reporting domains within the oil and gas sector.