Euro Training Limited Training Programs, Workshops and Professional Certifications
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FJA580-4D
4 Week Professional Certification Training

Certified Oil & Gas Joint Interest Accounting Professional

Building Professional Certification Skills & Competencies in

  1. Revenue Accounting
  2. Joint Interest Billing Accounting
  3. Auditing Joint Interest Accounting
  4. Regulatory Filings
www.eurotraining.com/bro/fja580-4.php

4 Week Professional Certification Workshops

23 Sept-18 Oct 2024
New Delhi
7 Oct - 1 Nov 2024
Kualalumpur
21 Oct-15 Nov 2024
New Delhi
4-29 Nov 2024
London
18 Nov- 13 Dec 2024
New York
2-27 Dec 2024
Seattle, USA
16 Dec 2024 -10 Jan 2025
London
30 Dec 2024- 24 Jan 2025
Dubai
6-31 Jan 2025
Kualalumpur
20 Jan-14 Feb 2025
Dubai
3-28 Feb 2025
London
17 Feb-14 March 2025
New York
2-27 March 2025
Seattle, USA
16 March-10 April 2025
Istanbul
30 March-24 April 2025
New York
13 April-8 May 2025
Dubai
27 April-22 May 2025
Kualalumpur
11 May-5 June 2025
London 25 May-19 June 2025


Useful Links


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Certification Program Overview

  1. This Oil & Gas Joint Interest Accounting Professional Certification Program is designed to equip participants with the knowledge and skills necessary to become competent professionals in this key sector. The program offers comprehensive multi-discipline training in various Oil & Gas Joint Interest Accounting methodologies, contract business models, digital transformation, Data Analytics and AI Leveraging, contract management, policy frameworks, and sustainable practices. It aims to address the increasing global demand for skilled individuals capable of driving the business and industrial needs including digital transformation.
  2. To earn the Oil & Gas Joint Interest Accounting Professional Certification, participants will be required to undergo a comprehensive assessment that may include written exams, practical projects, and presentations. The evaluation process ensures that candidates have acquired the necessary theoretical knowledge and practical skills to work effectively in the Oil & Gas Joint Interest Accounting industry.
  3. Benefits of the Program: Acquire a broad and practical understanding of Oil & Gas Joint Interest Accounting methodologies, technologies, Gain expertise in Oil & Gas Joint Interest Accounting implementation development and management, Enhance employability and career prospects in Oil & Gas Joint Interest Accounting sector, Contribute to industry standards, good and best practices, Network with industry professionals and experts, and, Access resources and opportunities for further professional development.
  4. Insights and Experiences of experts and professionals from the Oil & Gas Joint Interest Accounting sector will be shared with the participants. These inputs offer valuable industry perspectives, and foster a deeper understanding of the current trends and challenges in the field.
  5. During the Program participants will undertake a capstone project that integrates the knowledge gained throughout the program. They will undertake a Oil & Gas Joint Interest Accounting project, plan it from A to Z, analyze its benefits, check strategic alignment, consider Return on Investment, consider societal implications, and propose a business plan. The capstone project serves as a practical demonstration of their abilities to apply learned concepts in real-world work scenarios.
  6. To support flexible learning, the program may provide access to an online learning platform where participants can access course materials, lectures, discussion forums, and supplementary resources. This platform enables self-paced learning, allowing individuals to balance their studies with other commitments.
  7. To ensure that Oil & Gas Joint Interest Accounting certified professionals remain up-to-date with latest advancements in the field, the program will require the participants to earn 1 week continuing education credits every three years. This Certification maintenance process supports ongoing professional growth and demonstrates a commitment to staying current in the field.

What is Covered in this Certification Workshop?

  1. This Joint Interest 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.
  2. Attending and oaining this Certification communicates demonstratable competency to perform the Joint Interest Accounting certification related job or assignment.
  3. This program provides the participant the necessary Joint Interest 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.
  4. Participants will learn to ensure the Revenue is Adequately Split between the parties, Royalties are Paid and Accounted for, and regulatory compliance is ensured. The program helps understand the Joint Interest Accounting Processes, helps gain the expertise to effectively and efficiently handle the unique accounting challenges, simplify the inherent complexities and enables protecting your organization's interests.
  5. Mistakes made in Joint Interest Accounting can cause your organization huge losses and claims of fraud and legal non-compliance. This program insures you build a meaningful and effective audit trails through your Joint Interest Accounting Software Systems you utilize.
  6. These Audit trails can be designed to provide Data Analysis and Artificial Intelligence Source Data to multiply efficiency, effectiveness and 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

Business Aspects of Joint Interest Accounting


  1. Strategic Objectives from Joint Interest Accounting
  2. Regulatory and Legal Aspects
  3. Contractual Aspects of Joint Interest Accounting
  4. Typical Contract Provisions Related to Joint Interest Accounting
  5. Contractual Responsibilities and Liabilities for Accuracy in Joint Interest Accounting
  6. Risks in Joint Interest Accounting
  7. Joint Interest Processes
  8. Managing the Joint Interest Processes
  9. Accounting, Allocating & Distribution of Production & Sales Volumes
  10. Well or Measurement Point Level Accounting & Reconciliation
  11. Producing Well Level Accounting
  12. Tax Calculation & Taxable Production
  13. Validating Procurement Contract Transactions
  14. Validate Pricing, Sharing, Allowability, Non-Allowability
  15. Reconcile the Accounts
  16. Prior Period Adjustments (PPAs)
  17. Manage Ownership Changes
  18. Adjustments for Ongoing Changes
  19. Auditing for Accuracy and Adequacy of Records
  20. Systematic Reversing and Rebooking System
  21. Horizontal Drilling, Unitization Accounting Changes
  22. Revenue Allocation to Account for Comingling
  23. Managing Cash Flows & Distributions
  24. Joint Interest Billing (JIB)- Drilling, Pipelines
  25. Lease Operating Statements (LOS)
  26. Cost Center Allocations for Overhead Equipment
  27. Accounting for General Overheads
  28. Authorization for Expenditures (AFE) System
  29. Managing Authorization for Expenditures
  30. Cost Center Accounting (Each Department of Business Unit)
  31. Auditing Oil & Gas Joint Interest Accounting
  32. Workshop 1
  33. Good Management Processes for Joint Interest Accounting Processes
  34. Benchmarked Worldwide Best Practices for Joint Interest Accounting Processes
  35. Deeper Insights into Joint Interest Accounting Processes Creating Professional Level Understanding
  36. Developing a Joint Interest Accounting Performance Evaluation System to know how well team is performing
  37. Developing Meaningful KPIs for Joint Interest Accounting Performance Reporting
  38. Workshop 2
  39. Building a Knowledge System to Empower Joint Interest Accounting Team
  40. Workshop 3
  41. Leveraging Joint Interest Accounting Data Analytics for Supporting a Real Time or Near Real Time Insights
  42. Leveraging Artificial Intelligence Methods for Proactive Joint Interest Accounting Decision Support Insights, Management Decision Support, Decision Suggestion System & Possibly Automated Decisions
  43. Workshop 4
  44. Building a Joint Interest Accounting Knowledge Management System to Support Effective and Efficient Management
  45. Setting Up an Internal Briefing, Coaching, Skills & Competency Development and Certification System for Empowering Joint Interest Accounting Team Members
  46. Developing Multi-Level Internal Joint Interest Accounting Skill & Competency Certification System
  47. Joint Interest Accounting Professional Certification Tests
  48. Joint Interest Accounting Professional Certification Interview
  49. Program Recommendations
  50. Detailed Personalized Post Program Joint Interest Accounting Improvement Action Plan

MAKE YOUR CAREER MOVE

Enhance your Academic Qualifications with Certified, Validated, Marketable, Professional Performance & Credibility

Euro Training Professional Certification Training Programs are Providing
  1. Knowhow and Technology Transfer to the Participants.
  2. Building Job Oriented Understanding, Competencies & Process Knowledge.
  3. Domain Multi-discipline understanding that Improves Performance, Credibility and Respect
  4. Competencies that Enable Superior Performance, Promotion, Career Advancement and Respect among Peers
Typical Certification Workshop Participant Takeaways
  1. A-Z Knowhow and Step-by-Step Process Knowledge
  2. 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)
  1. Improved Performance through
    • Effectiveness (doing right first time by considering all key stakeholders), Efficiency (applying good practices), Goal Achievement (KPIs)
    • Customer Satisfaction
    • Strategic Alignment
  2. Multi-discipline Empowered Employee
    • Multi-Stakeholder Focus
    • Customer Focus
    • Operational Focus
    • Strategic Focus
    • Management by Facts (Data Analysis & Performance Evaluation)
  3. 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)
  4. 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

  1. Job Satisfaction that will come when satisfying your customers
  2. Respect that will come when you are Recognized by your Peers
  3. Promotion that will come from your Better Job Performance, Making Improvements and Convincing Performance Review Handling
  4. 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

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Registration Information
4 Week Professional Certification Training Program

  1. 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
  2. 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 .
  3. 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)
  4. Accommodation is not included in Program fee. Special rates may be available at venue hotel for program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.

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