We use cookies to enhance your experience to know more press on the following link. Privacy Policy
النفط والغاز
19455

Upstream Petroleum Contracts Accounting and Auditing Policies and Procedures

16-09-2024 To 20-09-2024
Dubai

This training course covers the critical aspects of accounting and auditing for upstream petroleum contracts. Participants will explore the latest policies, procedures, and best practices for managing financial aspects of petroleum contracts, including revenue recognition, cost allocation, and regulatory compliance. The course aims to enhance participants' ability to effectively handle the financial and audit requirements of upstream petroleum operations.

Date :
From 16 Till 20 Sep. 2024
City :
Dubai
Fees :
4500
Date :
From 16 Till 20 Sep. 2024
City :
Dubai
Fees :
4500

Overview

To provide participants with in-depth knowledge and advanced skills in accounting and auditing policies and procedures specific to upstream petroleum contracts, ensuring compliance, accuracy, and efficiency in financial reporting and audit practices.

This training course covers the critical aspects of accounting and auditing for upstream petroleum contracts. Participants will explore the latest policies, procedures, and best practices for managing financial aspects of petroleum contracts, including revenue recognition, cost allocation, and regulatory compliance. The course aims to enhance participants' ability to effectively handle the financial and audit requirements of upstream petroleum operations.

Who Should Attend

Target Group:

  • Financial managers and accountants in the petroleum industry
  • Internal auditors and compliance officers
  • Petroleum contract managers and legal advisors
  • Business analysts and consultants specializing in upstream petroleum
  • Professionals involved in financial reporting and auditing for petroleum operations
  • Understand the fundamentals of upstream petroleum contracts.
  • Learn advanced accounting principles and practices for petroleum contracts.
  • Develop skills for auditing upstream petroleum financial statements.
  • Ensure compliance with industry regulations and standards.
  • Implement effective accounting and auditing policies and procedures.
  • Utilize modern tools and technologies for financial management and auditing.

Target Competencies

  • Advanced understanding of petroleum contract accounting
  • Effective auditing techniques for petroleum financial statements
  • Compliance with industry-specific regulations and standards
  • Implementation of robust accounting and auditing policies
  • Proficiency in modern financial management and auditing tools

Overview of Upstream Petroleum Contracts

  • Introduction to upstream petroleum operations
  • Types of upstream petroleum contracts (e.g., production sharing contracts, joint ventures)
  • Key financial terms and clauses in petroleum contracts
  • Case studies on upstream petroleum contracts
  • Accounting Principles for Petroleum Contracts

  • Revenue recognition in upstream petroleum operations
  • Cost allocation and capitalization
  • Accounting for exploration, development, and production costs
  • Impairment and depreciation of petroleum assets
  • Case studies on accounting for petroleum contracts
  • Contact Us

    For each learning and development project we establish strong relationships and effective communication with partners.
    Don't hesitate to contact us.