PETROLEUM ACCOUNTING

Tickets
From ₦ 145,125.00 to ₦ 220,375.00
× Tickets
Live-Online Training
₦ 145,125.00 145125.0 NGN
Classroom Training
₦ 220,375.00 220375.0 NGN

Live-Online Training: N 145,125
Classroom Training: N 220,375
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee)

Course Contents

DAY ONE

Accounting Principles & Procedures

  • Basic concepts
  • Accounting policy
  • Depreciation, Depletion & Amortisation
  • Costs subject to DD&A – US Successful Efforts
  •  DD&A - UK
  • Joint Production of Oil & Gas
  • Full cost accounting

Joint Ventures

  • Overview of Joint Venture Partnership 
  • Financing Joint Venture Projects
  • Accounting Provisions on Joint Ventures

DAY TWO

IFRS 6 – Exploration for and Evaluation of Mineral Resources

  • Recognition of exploration and evaluation assets 
  • Measurement of exploration and evaluation assets
  • Presentation of exploration and evaluation assets
  • Impairment of exploration and evaluation assets

Financial Ratios

  • Reserve replacement ratios
  • Reserve-life ratio
  • Net well to gross well ratio
  • Average reserve per well ratio
  • Average daily production ratio
  • Accounting rate of return
  • Net present value
  • Payback period
  • Discounted payback period

DAY THREE

Oil & Gas Accounting Disclosures

  • Nigerian Statement of Accounting Standard, SAS 14 disclosures - Accounting in the petroleum industry: Upstream activities
  • Nigerian Statement of Accounting Standard, SAS 17 disclosures - Accounting in the petroleum industry: Downstream activities
  • International Financial Reporting Standards, IFRS 6 disclosure of exploration and evaluation assets.

Date & Time
Monday
October 21, 2024
Start - 8:30 AM
Wednesday
October 23, 2024
End - 3:00 PM Africa/Lagos
Location

Tom Associates Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Off Ikorodu Road, Anthony Village,
NG-LA
Nigeria
+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com
Get the direction
Organizer

Tom Associates Training

+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com