Accounting and Finance > IFRS Accounting for the Oil and Gas Sector
Code Date Format Currency Team of 10
Per Person*
Team of 7
Per Person*
Early Bird Fee
Per Person
Normal Fee
Per Person
PE1783 24 - 26 Jun 2024 Kuala Lumpur, Malaysia SGD 3,439 3,599 3,799 3,999
PE1783 24 - 26 Jun 2024 Kuala Lumpur, Malaysia USD 2,665 2,789 2,899 3,099

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

Learn in teams and save more! Enjoy group discounts of up to 50% off normal fees for team based learning. Contact us on [email protected] to learn more today!

Code

PE1783

Date

24 - 26 Jun 2024

Format

Kuala Lumpur, Malaysia

Currency

SGD

Team of 10
Per Person*

3,439

Team of 7
Per Person*

3,599

Early Bird Fee
Per Person

3,799

Normal Fee
Per Person

3,999

Code

PE1783

Date

24 - 26 Jun 2024

Format

Kuala Lumpur, Malaysia

Currency

USD

Team of 10
Per Person*

2,665

Team of 7
Per Person*

2,789

Early Bird Fee
Per Person

2,899

Normal Fee
Per Person

3,099

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

About this Training Course

The oil and gas industry has specific accounting and disclosure requirements for exploration, development and production activities. IFRS 6 Exploration for and Evaluation of Mineral Resources provides some guidance for the entities in the extractive industry. This 3-day training covers the impact of diverse accounting practices for upstream business, accounting issues in development and production stage, and the disclosures in relation to oil & gas companies reserves. In addition, this training covers the principles in relation to leases, joint arrangements, revenue recognition and hedging. This training covers the specific standards that are key to the preparation and analysis of oil and gas entity’s financial statements.

To enable participants to obtain an in-depth understanding of the IFRS financial statements of oil and gas companies:

  • Learn the terminology and appreciate the financial reporting considerations in IFRS financial statements of oil and gas companies
  • Interpret and apply relevant accounting policies and standards (IFRS 6 Exploration for and Evaluation of Mineral Resources, IAS 16 Property, Plant and Equipment, IAS 38 Intangible Assets, IAS 36 Impairment of Assets), including analysis of issues in exploration, drilling, development and production stages
  • Apply the key accounting principles in IFRS 15 Revenue, IFRS 16 Leases and those in relation to hedge accounting in IFRS 9 Financial Instruments
  • Review the accounting for joint arrangements, production sharing contracts and conveyances
  • Examine the disclosures in financial statements including those relating to reserve data and supplemental disclosures
  • Evaluate and interpret IFRS financial statements of oil and gas companies

The course is useful for preparers and users of IFRS financial statements of oil and gas companies, including those seeking a comprehensive understanding of the key IFRS accounting issues in the industry. This includes staff in finance, treasury, operations, internal and external auditors, analysts, senior management and executives.

A basic understanding of financial statements under any GAAP is a pre-requisite.

  • Intermediate

The training course will be delivered in Kuala Lumpur, Malaysia. The training course is presented in an interactive workshop format that allows discussion. The course will be delivered through analysis of case studies and running example problems.

Course Duration: 3 days in total.

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information post training support and fees applicable

Learn what past participants have said about EnergyEdge training courses

Excellent facilitator, explains things very well with great use of examples.

Cairn Energy, UK

Excellent training course.

Course participant, ENI

Very clear and answered questions very well as we want.

Accounts Assistant, Cairn Energy, UK

The workshop was based around actual operations so was engaging.

Group Accountant, Cairn Energy, UK