Petroleum Financial Accounting & Reporting Strategies + IFRS 2013

This excellent 3-day workshop is packed with critical information, examples, diagrams, pictures, and helpful hints. The course covers the major issues facing oil and gas producers operating in international locations. With approximately 500 power point slides, Dr. Crumbley will cover upstream oil and gas operations, successful efforts exploration, acquisition, and drilling and development costs, DD&A calculations, full cost, full cost ceiling, asset retirements, revenue accounting, conveyances, disclosures, fraud red flags, energy ratios, and much more. Actual accounting entries are covered.

Capitalize On The Expert Knowledge To Gain Maximum Value On These Vital Issues
• DEVELOP an understanding of crucial accounting standards and policies
• IDENTIFY & CLARIFY the differences between successful efforts and full cost
• APPRECIATE the accounting treatment of exploration and drilling costs
• LEARN & APPLY the International Financial Reporting Standards
• TAKE AWAY a complete understanding of IFRS and GAAP (Generally Accepted Accounting Principles)
• WORK DD&A calculations plus the accounting for asset retirements + take-or-pay provisions
• RECOGNIZE fraud red flags

Who should attend
• Internal, external, and financial auditors.
• Joint venture accountants/auditors.
• Governmental regulators/auditors.
• Accounting staff.
• Corporate accountants, controllers, CFOs, and CEOs.
• Revenue accountants.
• Payables, receivables, inventory, and fixed assets employees.
• Finance Directors and Managers
• Financial Analysts
• Financial Controllers
• Asset Accountants