IFRS for Oil & Gas Industry - Dubai 2014

Despite the large volume of information available to assist with the interpretation of IASB standards, there is relatively little guidance tailored to the needs of the Oil and Gas industry. The structure and focus of this course is to provide such specific guidance.
In particular, this course will demonstrate and illustrate both how the IASB’s standards apply to the unique accounting issues in the Oil and Gas sector, together with those controversial areas with little or no guidance from the IASB.
Attend Infocus IFRS Workshop for Oil and Gas Industry and make use of practical and real life case studies. Gain immediate knowledge and experience in how to apply the various accounting rules to your complex accounting issues in your organisation, and understand the options available to organisations in the Oil and Gas sector in applying those standards.
This intensive workshop is highly interactive, with a focus on exercises and case studies to illustrate the application of the key provisions of IFRS. We provide a practical and working knowledge of how to apply those standards within your own organisation. Participants should look forward to a challenging, but enjoyable, learning experience.

Benefits of Attending
APPLY various accounting rules in the oil and gas sector
ASSESS the impact of new IFRS 6, IAS 16, 17, 23, 36, 37, 38, 39 etc. and gain through transition case studies
IDENTIFY appropriate accounting policies best suited to your company
MASTER updated IFRS principles and concepts by June 2014
UNDERSTAND current status of IASB specific accounting standard for oil and gas sector
ADDRESS controversial areas with little or no guidance from the IASB
MASTER recognition and valuation of non-current assets
LEARN inventory and reserves accounting, revenue recognition, M&A, JV arrangement, financial instruments, reserve disclosure and many more
TAKE AWAY a complete understanding of IFRS vs US GAAP

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