IFRS for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)
Objectives
By the end of this training course delegates will learn how to:
Develop an understanding of the accounting standards, policies and practices used by companies in the Oil & Gas industry including IFRS 18 Presentation & Disclosures in Financial Statements issued in 2024 and takes effect 1 January 2027 and IFRS S1 & S2 Sustainability Disclosure Requirements
- Appreciate the nature and financial implications of Production Sharing Contracts and other agreements between host governments and international companies
- Examine issues and guidelines in accounting for Joint Ventures
- Identify and know how to apply international and national accounting standards most relevant to the industry
- Improve relevance and reliability of financial reports to better meet the needs of users
- Review and use publicly available information for benchmarking the
Who should Attend?
This International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors training course is designed specifically for those have a basic understanding of accounting, and want to learn more about accounting and financial reporting policies and practices in the Oil & Gas and Petrochemical industry (upstream, midstream & downstream).
In particular, this GLOBAL FRANCHISE training course will be suitable for:
- Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
- Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
- Joint Venture Accountants and Auditors
- External, Financial and Internal Auditors
- Government Regulators and Auditors
- Financial and Investment Analysts