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ACT800-1D

1 Week Training Program

PSAs Oil & Gas Accounting Skills

Building Skills in

  1. Oil & Gas Accounting Good & Best Practices

  2. Acquisition, Exploration & Development Costing

  3. Production Sharing & Costing Accounting Processes

  4. Allocation Accounting Good & Best Benchmarked Practices

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1 Week Training Programs

9-13 Sept 2024
New Delhi
30 Sept-4 Oct 2024
Dubai
7-11 Oct 2024
Kualalumpur
29 Oct- 2 Nov 2024
New Delhi
18-22 Nov 2024
London
18-22 Nov 2024
New York
2-6 Dec 2024
Seattle, USA
16-20 Dec 2024
London
30 Dec 2024- 3 Jan 2025
Dubai
6-10 Jan 2025
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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What is Covered in this Training Program?

  1. This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
  2. 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.
  3. This PSA Oil & Gas Accounting Skills Training Program 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.
  4. 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.
  5. 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.
  6. 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.

Who Should Attend?

  1. 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.
  2. 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

Program Content & Modules

PSAs Oil & Gas Accounting Skills


  1. Business Aspects of PSA Accounting
  2. Business Aspects of PSA Commercial Management
  3. Helpful Oil & Gas Technology for Accounting & Finance Professionals
  4. Helpful Oil & Gas Processes for Accounting & Finance Professionals
  5. Introduction to PSA Oil & Gas Accounting
  6. Overview of Purchase and Sale Agreements (PSA)
  7. Key Concepts in Oil & Gas Accounting
  8. Understanding Upstream, Midstream, and Downstream Operations
  9. Exploring Reserves, Production, and Revenue Recognition
  10. Regulatory Framework and Accounting Standards in Oil & Gas
  11. PSA Types and Structures
  12. Differentiating Between Various PSA Types (Fixed Price, Cost Sharing, etc.)
  13. Exploring Common Components of PSA Agreements
  14. Overview of Joint Operating Agreements (JOA) and Farm-Out Agreements
  15. PSA Accounting Fundamentals
  16. PSA Accounting Principles
  17. Accrual vs. Cash Basis Accounting for PSAs
  18. Revenue Recognition Methods and Timing
  19. Cost Allocation and Depletion in PSA Accounting
  20. PSA Revenue Recognition
  21. Determining When to Recognize Revenue
  22. Allocating Revenue Among PSA Participants
  23. Handling Royalties, Bonuses, and Production Sharing
  24. PSA Cost Accounting
  25. Identifying Direct and Indirect Costs
  26. Cost Allocation Methods and Principles
  27. Depletion, Depreciation, and Amortization (DD&A) Calculation
  28. Complex PSA Scenarios
  29. PSA Joint Interest Accounting
  30. Program Recommendations
  31. Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Outline Action Plan

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