Joint Venture Accounting for Joint Venture Petroleum – Oil and Gas – Operation Postgraduate Course
Course descriptionDuration:10 DaysThis Course is Designed For: Asset Accountants; Attorneys; Chief Accountants; Chief Financial Officers; External Auditors; Finance Directors and Managers; Financial Accountants; Financial Analysts; Financial Controllers; Fund Managers; General Accountants; Government Regulators; Internal Auditors; Joint Venture Accountants; Management Accountants; Oil and Gas Accountants; Oil and Gas Investors; Public Accountants; Public Accountants; Treasury Auditors: Treasury Managers; Treasury Officers; Upstream Oil and Gas Regulators; Venture Capitalists; Any non-financial managers who are required to read, interpret, and contribute to oil and gas accounts.Course Contents, Concepts and Issues Part 1: Accounting Concepts and Governance General Accounting Concepts; The Money Measurement Concept; The Entity Concept; The Going Concern Concept; The Dual Aspect Concept; The Accounting Period Concept; Materiality (Proportionality) Concept; The Conservatism Concept; Consistency Concept; The Realization Concept; The Matching Concept; The Cost Concept; Introducing Financial Governance and Standardization Institutions; Financial Accounting Standard Board (FASB); The Security and Exchange Commission (SEC); Accounting Standards Board (ASB); International Accounting Standards Committee (IASC); International Accounting Standards Committee Foundation (IASCF); International Financial Reporting Standards (IFRS); Industry Specific Oil and Gas Accounting Standards; Generally Acceptable Accounting Principles (GAAP) for Oil and Gas Producing Activities; Oil Industry Accounting Committee (OIAC).Part 2: Upstream Oil and Gas Operations (1) Introducing the Oil and Gas Industry; Brief History of the U.S. Oil and Gas Industry; Origin of Petroleum; Anticline; Exploration Methods and Procedures; 3-D Seismic; 4-D Seismic; Acquisition of Mineral Interests in Property; Mineral Rights; Mineral Interests; Fee Interests; Overriding Royalty Interests (ORI); Retained ORI Production Payment Interest (PPI).