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Each program participant will get 1 year free individual license access to a Program Domain Specific Ai System to Answer his job related queries.
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FJA580-1

1 Week Training Program

Effective Oil & Gas Joint Interest Accounting

Building Skills in

  1. Revenue Accounting

  2. Joint Interest Billing Accounting

  3. Auditing Joint Interest Accounting

  4. Regulatory Filings

www.eurotraining.com/bro/fja580-1.php

1 Week Training Programs

Kualalumpur
20-24 Jan 2025
Dubai
3-7 Feb 2025
London
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
Istanbul
30 March-3 April 2025
New York
13-17 April 2025
Dubai
27 April-1 May 2025
Kualalumpur
11-15 May 2025
London
25-29 May 2025


Useful Links


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Program Objectives


Provide Skills for:
  1. Protect Your Organization's Interests. Master Revenue Accounting.
  2. Ensure Systems Incorporate Data Analysis and AI Capabilities.
  3. Gain Proficiency in Joint Interest Billing Accounting
  4. Audit Joint Interest Accounting Processes. Ensure Compliance with Regulatory Filings.
  5. Simplify Complex Joint Interest Accounting Challenges. Design Effective Audit Trails. Prevent Losses and Mitigate Risks.
  6. Enhance Organizational Objective Achievement

Who should Attend?

  1. This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
  2. This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.

Program Content & Modules

Effective Oil & Gas Joint Interest Accounting Skills


  1. Business Aspects of Joint Interest Accounting
  2. Strategic Objectives from Joint Interest Accounting
  3. Regulatory and Legal Aspects
  4. Contractual Aspects of Joint Interest Accounting
  5. Typical Contract Provisions Related to Joint Interest Accounting
  6. Contractual Responsibilities and Liabilities for Accuracy in Joint Interest Accounting
  7. Risks in Joint Interest Accounting
  8. Joint Interest Processes
  9. Managing the Joint Interest Processes
  10. Accounting, Allocating & Distribution of Production & Sales Volumes
  11. Well or Measurement Point Level Accounting & Reconciliation
  12. Producing Well Level Accounting
  13. Tax Calculation & Taxable Production
  14. Validating Procurement Contract Transactions
  15. Validate Pricing, Sharing, Allowability, Non-Allowability
  16. Reconcile the Accounts
  17. Prior Period Adjustments (PPAs)
  18. Manage Ownership Changes
  19. Adjustments for Ongoing Changes
  20. Auditing for Accuracy and Adequacy of Records
  21. Systematic Reversing and Rebooking System
  22. Horizontal Drilling, Unitization Accounting Changes
  23. Revenue Allocation to Account for Comingling
  24. Managing Cash Flows & Distributions
  25. Joint Interest Billing (JIB)- Drilling, Pipelines
  26. Lease Operating Statements (LOS)
  27. Cost Center Allocations for Overhead Equipment
  28. Accounting for General Overheads
  29. Authorization for Expenditures (AFE) System
  30. Managing Authorization for Expenditures
  31. Cost Center Accounting (Each Department of Business Unit)
  32. Program Recommendations
  33. Personalized Post Program Joint Interest Accounting Improvement Outline Action Plan Outline

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