Oil & Gas Accounting & Reporting Fundamentals 2013

Topics

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

Who should Attend

Personnel involved in financial accounting and reporting within the oil and gas industry.