Exploration & Production (E&P) Accounting Level 2

The aim of this exclusive 5-days training course is to raise an intermediate level to your knowledge and understanding of international E&P finance and accounting.

This is achieved by in-depth examination of international practices and current developments across a broad range of relevant topics. You are encouraged to challenge existing methods as a basis for reviewing procedures and introducing improvements in your own work place.

Learning Objectives:

• Enhance your comprehension of accounting and reporting issues unique to the E&P industry with emphasis on the application of International Financial Reporting Standards (IFRS)
• Improve your understanding of the accounting and reporting of Sales Revenue, Farm In/Farm Out, and Carried Interest
• Enhance your knowledge of Production Sharing Contracts and Joint Venture Accounting issues including Unitisation & Redetermination
• Advance your knowledge of the Corporate Budget and Planning process including a review of Key Performance Indicators and Company Strategy
• Raise your awareness of the E&P business activity for which we are accounting and reporting

Target Audience:

• We recommend that, to derive maximum benefit from this course, you should first attend our predecessor Level 1 course. Otherwise, this course is suitable for personnel with a good foundation knowledge in exploration and production accounting.