IFRS and Joint Venture Accounting (JVA) Training for the Oil and Gas Industry – Tailored Course
About This Course
Financial reporting in the oil and gas sector differs from that of other industries. Many companies in the oil and gas industry have to comply with various accounting policies, including the International Financial Reporting Standard.
Why should IFRS requirements be complied with in the Oil and Gas industry?
The IFRS applies to many public companies, oil and gas included, ensuring that the financial statements of these companies are consistent and transparent.
Learning Objectives
Energy industry professionals:working in the accounts department of the oil and gas industry
Senior management executives:involved in preparing, approving, or reviewing IFRS financial statements
Accountants:in the oil and gas company that prepares IFRS financial statements
Investors:interested in learning how to read financial statements mandated by IFRS
External and internal auditors:vested with the responsibility of ascertaining that the financial statements of oil and gas companies are transparent and consistent
Government regulators:vested with the responsibility of ensuring that oil and gas companies comply with IFRS standard requirements and other accounting policies
Treasurer, taxation & reporting managers, and
Regulatory Compliance Officers:performing related functions in the oil and gas industry
Target Audience
- Learn about applying IFRS requirements to create compliant financial statements for companies in the oil and gas industry
- Understand how IFRS relates to the preparation of
- income statements and revenue recognition
- Learn the required skills and expertise needed to apply
- the accounting standards, policies, and practices employed by companies in the oil and gas industry to comply with IFRS
- Understand the guidelines in accounting for joint ventures
- Comprehend the nature and financial implications of production-sharing contracts and other agreements between host governments and international companies
- Learn how to apply some significant financial joint venture accounting principles and standards that are applicable in upstream oil and gas activities
- Understand the standards and frameworks in IFRS applicable to the oil and gas industry
- Apply accounting procedures utilized in joint operating agreements and production-sharing contracts
Your Instructors
₦2,812,463.68
