Domain Specific Job Skills
Updated to Leverage the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
ACT800-1D
1 Week Training Program
PSAs Oil & Gas Accounting Skills
Building Skills 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
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What is Covered in this Training Program?
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.
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 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.
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.
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.
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 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.
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.
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
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
Program Content & Modules
PSAs Oil & Gas Accounting Skills
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
Program Recommendations
Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Outline Action Plan