Euro Training Limited Training Programs, Workshops and Professional Certifications
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ACT800-4D
4 Week Professional Job Certification Training
Certified PSAs Oil & Gas Accounting Professional
Building Professional Certification Skills & Competencies in
Effective Production Sharing Contract PSA Accounting
Compliance with Applicable Policy, IAS and IFRS
Oil & Gas Accounting Good & Best Practices
Acquisition, Exploration & Development Costing
Production Sharing & Costing Accounting Processes
Allocation Accounting Good & Best Benchmarked Practices
What is Covered in this Professional Job Certification Program?
This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Certified Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
This program covers foundational concepts, advanced techniques, strategic leadership, and emerging trends, participants will be well-prepared to handle complex accounting scenarios, ensure compliance, and contribute to the success of oil and gas organizations involved in PSA transactions.
This PSA Oil & Gas Accounting Professional Certification Training Workshop Builds Professionals who have the Understanding, Process Knowledge, Skills, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
This program provides the participant the necessary PSA Oil & Gas Accounting Technical and Business Understanding, Detailed Process Knowledge, Skills to Implement Good and Best Practices, Management Insights that help Organize, Plan, Delegate, Empower, Monitor Work and Performance, Mentor and Coach Staff, Effectively Communicate with the Stakeholders, Specify Data Analytics based Timely Performance Reporting and Insights, Steer the Team towards Continual Improvements, and possibly gain Professional Leadership Recognition.
This program will help participant understand, prepare, analyze, manage and audit Oil & Gas Industry Accounting related to Joint Operations, Production Sharing Arrangements and Oil & Gas Facility Sharing. Program covers Costs, Revenue, Revenue Recognition Issues, Risk Management, Estimating, Sensitivity, Losses, Real Time Accounting Systems, Early Warning Systems for Problems, Custody Transfer Measurements, Taxes and Contractual Accounting Aspects.
Program covers all aspects of Oil & Gas Industry Costs, Production Sharing Agreement Accounting and Auditing, Issues of Allocability, Allowability, Classification, Reasonableness and Application of Oil & Gas Production Costs. IFRS 6 and US GAAP are benchmarked throughout the program.
Who Should Attend?
This program is intended for Production Sharing Agreements (PSAs) Oil and Gas Accounting Professionals. This program will benefit Oil & Gas Accountants, PSA Administrators, PSA Billing approvers, Auditors, Executives, Management Analysts and Anyone Involved in Oil Field Accounting, Contract Administration, Joint Interest Operations and Management.
Participants will include: Oil & Gas Industry Practitioners, Financial Managers and Executives, Legal and Contract Professionals, Regulatory and Compliance Personnel, Business Development and Negotiation Professionals, Consultants and Advisors, Government and Regulatory Authorities, Academics and Researchers, Aspiring Professionals
Certification Program Content & Modules
Certified PSAs Oil & Gas Accounting Professional
Business Aspects of PSA Accounting
Business Aspects of PSA Commercial Management
Helpful Oil & Gas Technology for Accounting & Finance Professionals
Helpful Oil & Gas Processes for Accounting & Finance Professionals
Introduction to PSA Oil & Gas Accounting
Overview of Purchase and Sale Agreements (PSA)
Key Concepts in Oil & Gas Accounting
Understanding Upstream, Midstream, and Downstream Operations
Exploring Reserves, Production, and Revenue Recognition
Regulatory Framework and Accounting Standards in Oil & Gas
PSA Types and Structures
Differentiating Between Various PSA Types (Fixed Price, Cost Sharing, etc.)
Exploring Common Components of PSA Agreements
Overview of Joint Operating Agreements (JOA) and Farm-Out Agreements
PSA Accounting Fundamentals
PSA Accounting Principles
Accrual vs. Cash Basis Accounting for PSAs
Revenue Recognition Methods and Timing
Cost Allocation and Depletion in PSA Accounting
PSA Revenue Recognition
Determining When to Recognize Revenue
Allocating Revenue Among PSA Participants
Handling Royalties, Bonuses, and Production Sharing
PSA Cost Accounting
Identifying Direct and Indirect Costs
Cost Allocation Methods and Principles
Depletion, Depreciation, and Amortization (DD&A) Calculation
Complex PSA Scenarios
PSA Joint Interest Accounting
Accounting for Joint Operations and Cost Sharing
Calculating and Allocating Joint Venture Costs
Partner Reporting and Financial Statements
PSA Farm-Outs and Acquisitions
Accounting for Farm-Out Agreements and Asset Acquisitions
Handling Changes in Ownership and Participating Interests
Implications for Financial Reporting and Cost Allocation
PSA Decommissioning and Abandonment
Estimating and Accounting for Future Decommissioning Costs
Handling Asset Retirement Obligations (ARO)
Financial Reporting for Abandonment and Restoration Activities
Advanced PSA Accounting
Complex PSA Revenue Recognition
Revenue Recognition Challenges in Complex PSA Arrangements
Allocation of Production and Sales Revenue
Accounting for Overriding Royalties and Conditional Payments
PSA Tax Accounting and Implications
Tax Considerations in PSA Accounting
Dealing with Tax Structures and Impacts on Financials
Transfer Pricing and Tax Compliance for PSAs
PSA Financial Reporting and Disclosures
PSA Risk Management and Compliance
Risk Assessment and Mitigation in PSAs
Regulatory Compliance in PSA Accounting
Ethical Considerations in PSA Accounting
PSA Leadership and Professional Development
PSA Accounting Strategy Development
Formulating PSA Accounting Strategies
Aligning PSA Accounting with Business Goals
Defining Key Performance Indicators (KPIs)
Change Management and Adoption
Measuring and Communicating Value
Driving Positive Change through PSA Accounting
Contract Management and Negotiation
Effective PSA Contract Negotiation
Strategies for Successful PSA Contract Negotiations
Analyzing Contractual Terms and Financial Implications
Maximizing Value and Mitigating Risks through Negotiation
Contract Administration and Performance Measurement
Ensuring Contractual Compliance and Performance Tracking
Monitoring Deliverables, Payments, and Obligations
Measuring Contractual Success and Identifying Improvement Areas
Dispute Resolution and Conflict Management
Advanced Financial Reporting in Oil & Gas
Financial Reporting Challenges in Oil & Gas PSAs
Complexities of Reporting Revenue, Costs, and Liabilities
Addressing Technical Accounting Issues in PSAs
Production Sharing Agreement Important Contract Conditions for Accounts & Finance Professionals
Oil & Gas Accounting and Finance Processes on PSAs
Understanding Drilling & Development Costs and Accounting Processes
Proven Reserve Valuation Methods
Tax & Royalty Obligations and Processes on PSAs
Production Sharing Accounting Processes and Approvals
Legal & Regulatory Requirements for PSA Accounting
Understanding PSA Accounting & Finance Process KPIs
Workshop 1
Good Management and Regulatory Processes for Oil & Gas Accounting Processes
Benchmarked Worldwide Best Practices for Oil & Gas Accounting Processes
Ensuring Accuracy and Compliance in Financial Statements
Accounting for Complex PSA Structures
Handling Complex PSA Arrangements and Special Provisions
Allocating Costs, Revenues, and Liabilities Appropriately
Enhancing Financial Transparency in Complex PSAs
International Financial Reporting Standards (IFRS) and Oil & Gas
Risk Management and Internal Controls
Risk Assessment and Management in PSA Accounting
Internal Audit and Assurance in PSA Accounting
Fraud Prevention and Detection in PSAs
Technology and Automation in PSA Accounting
Leveraging Technology for Efficient PSA Accounting
Exploring Robotic Process Automation (RPA) in PSAs
Navigating the Impact of AI and Data Analytics
Driving Positive Change through PSA Accounting
Recognizing Excellence in PSA Accounting
Developing a PSAs Oil & Gas Accounting Performance Evaluation System to know how well team is performing
Developing Meaningful Oil & Gas Accounting KPIs for Performance Reporting
Workshop 2
Framework for PSAs Oil & Gas Accounting Knowledge System
Building a PSAs Oil & Gas Accounting Knowledge System to Empower Team
Workshop 3
Leveraging Data Analytics for Supporting a Real Time or Near Real Time PSAs Oil & Gas Accounting Insights
Leveraging Artificial Intelligence Methods for Proactive PSAs Oil & Gas Accounting Decision Support Insights, Management Decision Support, Decision Suggestion System & Possibly Automated Decisions
Workshop 4
Building a PSAs Oil & Gas Accounting Knowledge Management System to Support Effective and Efficient Operational Process Management
Setting Up an Internal PSAs Oil & Gas Accounting Briefing, Coaching, Skills & Competency Development and Certification System for Empowering Team Members
Developing Multi-Level Internal Oil & Gas Accounting Skill & Competency Certification System
PSAs Oil & Gas Accounting Professional Certification Tests
PSAs Oil & Gas Accounting Professional Certification Interview
Program Recommendations
Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Action Plan
MAKE YOUR CAREER MOVE
Enhance your Academic Qualifications with Certified, Validated, Marketable, Professional Performance & Credibility
Professional Certification Workshop Outcomes and Takeaways
Knowhow and Technology Transfer to the Participants.
Building Job Oriented Understanding, Competencies & Process Knowledge.
Domain Multi-discipline understanding that Improves Performance, Credibility and Respect
Competencies that Enable Superior Performance, Promotion, Career Advancement and Respect among Peers
A Customized Detailed Action Plan to apply the Program Knowledge to Work. The detailed Action Plan and Implementation Plans you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job/s.
Benefits for Organization Sponsoring Participants
(Made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, knowledge management, Data Analytics approach)
Improved Performance through
Effectiveness (doing right first time by considering all key stakeholders), Efficiency (applying good practices), Goal Achievement (KPIs)
Customer Satisfaction
Strategic Alignment
Multi-discipline Empowered Employee
Multi-Stakeholder Focus
Customer Focus
Operational Focus
Strategic Focus
Management by Facts (Data Analysis & Performance Evaluation)
Employees Leveraging the Multi-Disciplines for doing the job right first time, by taking following aspects into consideration before decision making... Business Needs, Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understanding Risks, Leveraging Contingency Plans, Actions that Increase Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Develop Key Performance Indicators, Develop a Meaningful Performance Evaluation System, Leveraging Data Analytic Opportunities, Leveraging Artificial Intelligence Opportunities, Developing a Decision Support Knowledge System, Internal Business Unit Training System, Internal Employee Certification System .... (and more multi-discipline aspects)
Creating a Professionally Certified Pool of Domain Mentors, Coach & Trainers who have access to the required resources from the Developed Knowledge System. Also Also helping create internal multi-level job competency certification system.
Participant Career & Life Benefits Gained by Attending this Professional Certification Program
Job Satisfaction that will come when satisfying your customers
Respect that will come when you are Recognized by your Peers
Promotion that will come from your Better Job Performance, Making Improvements and Convincing Performance Review Handling
Career Advancement that will come from your increased Employability through Convincing Competency Display in Resume and Interviews, Improvement Ideas, Implemented Improvements & Validated Certification
Registration Form
Fields marked with * are mandatory
Optional Fields
Registration Information 4 Week Professional Certification Training Program
To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form electronically fillable at Program Site and downloadable as MSWord document by Clicking
https://www.eurotraining.com/etl-reg-4w.doc
You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at:
https://www.eurotraining.com/fees.php
.
Program Fee is
4 week Duration
(1) At Dubai, Kuwait, New Delhi, Qatar £13,990 (USD $17,800) per participant.
(2) At London, US Locations, Europe, Malaysia, Singapore £15,389 (USD $19,580) per participant.
(3) Online eTraining Fee £6,000 (USD $7,500) per participant.
Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
Accommodation is not included in Program fee. Special rates may be available at venue hotel for program participants.
Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
Refund will not be considered where the participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location on payment of additional 10% of the Fee.
All participants are required to fill in Participant Information Form and a Program Induction Form - on first day of the program. Each program may Undergoe Customization to Better Meet Participant Groups Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
Provisional Registration : You can make a provisional registration request by sending us an email from an official Email Account. On our confirmation we will reserve a seat for you for 14 days. Within 14 days of our confirmation please send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration is Confirmated by us and your fail to reconfirm your attendence. (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.