• Starts: April 5, 2023
  • Length: 3 Days
  • Location: Lagos
  • Fees: ₦ 200,000
  • Reserve: 40
  • Downloaded: 120

Programme Description

This oil and gas joint Venture financing and management programme is intended to build up the basic financial skills important to get ready and assess joint endeavor accounts and to improve organization function work. This programme covers issues with respect to the connections among administrators and non-administrators in joint endeavors, the financing of joint venture tasks and the revealing of joint expenses. It will empower participants to realize how to apply series of major accounting standards and guidelines that are especially pertinent to upstream oil and gas activities.

Programme Objective

  1. Understand and apply structured methodology for conducting oil industry in joint venture
  2. Identify different accounting method for joint ventures
  3. Know main clauses contained with joint operating agreements
  4. Understand the accounting procedures set out in joint operating agreements
  5. Recognize the structure of joint ventures in the oil and gas industry

Programme Modules

  1. Introduction to Accounting in Oil & Gas industry
  2. Joint Venture Nature & Forms
  3. Joint Venture Financing and Management
  4. The Financing of Joint Ventures – Billing Statements and Cash flow Reporting
  5. Reporting of Expenditures
  6. Cost Allocation Methods and Issues
  7. IFRS 11 Joint Arrangements and IAS 28 Investments in Joint Ventures
  8. Methods of Accounting for Joint Venture
  9. JV Contract Types, Roles and Responsibilities of JVCC parties

Programme Outcomes

At the end of the programme participants will be able to:

  1. Understand the differences in accounting treatments of costs for IFRS reporting and cost recovery purpose
  2. Apply series of major financial accounting principles and standards that are particularly relevant to oil and gas activities
  3. The different types of Joint Venture agreements and the accounting implications of each
  4. Accounting issues related specifically to joint interests
  5. Know the types of Joint venture contracts

Target Participants

Joint Venture Accountants and Auditors, Government Regulators and Auditors, Financial and Investment Analysts Project Managers & Team Members, Financial Analysts, Accounting Executive / Managers, Financial Reporting & Treasurers , Financial Executives, Budgeting Officers, Cost Controllers, Executive & Managers, Taxation & Reporting Executives, JV Executives, Business/Investment Analysts & Managers, Regulatory Compliance Officers, Commercial Analysts, Executives & Manager.

Programme Information Session

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