IFRS Advanced Oll and Gas Accounting

Course: IFRS Advanced Oll and Gas Accounting

For experienced accountants working in the oil and gas industry wishing to gain deeper knowledge of the application of IFRS in the oil and gas industry. 

Participants will be given technical support and guidance on:

  • Reviewing the principles of successful efforts of accounting
  • Dealing with pre‑licence expenditures
  • Exploration
  • Appraisal expenditures, impairment and reserves
  • Development lease accounting
  • Development expenditures, unitisations, risk sharing arrangements
  • Development business combinations, decommissioning, impairments
  • Production expenditures, revenue, DD&A
  • Closure decommissioning
  • The Carbon Footprint – emissions trading schemes
  • Hedging your Bets – financial instruments within E&P
  • Key differences between IFRS and US GAAP

Participants will leave this course equipped to prepare, review and analyse the financial records of an oil and gas company; with an understanding of the financial reporting standards and regulation applicable to entities in the industry.

Duration:  3 days

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