Specific Job Releted Process Knowledge and Skills
Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
ACT800-2D
2 Weeks of Process Good & Best Practices
PSAs Oil & Gas Accounting Skills
Building Hands-on 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
www.eurotraining.com/bro/act800-2.php
2 Week Job Process Good & Best Practices Training
New Delhi
| Kualalumpur
|
London
| New York
|
Seattle, USA
| New Delhi
|
Kualalumpur
| New Delhi
|
London
| New York
|
Seattle
| Istanbul
|
New Delhi
| Kualalumpur
|
New Delhi
| London
|
New York
| Seattle, USA
|
London
| Dubai
|
Kualalumpur
| Dubai
|
London
| New York
|
Seattle, USA
| Istanbul
|
New York
| Dubai 27 April-8 May 2025
|
London 25 May-5 June 2025
|
Useful Links
What is Covered in this Training Workshop?
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 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.
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 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.
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
Workshop 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
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
Program Recommendations
Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Action Plan
2 Week Job Process Skills Training
Outcomes & Takeaways
Job Process Good & Best Practices Workshop Outcomes and Takeaways
The Work Process Approach to Learning is a methodology that emphasizes learning through understanding the actual work processes.
A work process refers to a set of activities or tasks that are carried out to achieve a specific outcome or result. These processes can be core to the business, such as manufacturing, service delivery, or customer support, or they can be supportive, like HR processes, IT services, or administrative workflows.
The Goal is to closely align training content and methods with the specific processes, tasks, and challenges found in that domain real-world work environments.
What the training achieves is building skills and competencies essential for actual work processes performance. Enabling quick and seamlessly understanding how to perform their processes effectively, efficiently and avoiding the usual mistakes and risks.
This 2 Week Training Workshop participant will typically take away...
Program related Process knowhow, skills, competencies and process knowledge to perform the job work processes
Training that will empower the participant to identify, support and implement work process improvements in his unit, team, section, department, and organization.
The Work Process Approach to Learning is a methodology that emphasizes learning through understanding the actual work processes.
A work process refers to a set of activities or tasks that are carried out to achieve a specific outcome or result. These processes can be core to the business, such as manufacturing, service delivery, or customer support, or they can be supportive, like HR processes, IT services, or administrative workflows.
The Goal is to closely align training content and methods with the specific processes, tasks, and challenges found in that domain real-world work environments.
What the training achieves is building skills and competencies essential for actual work processes performance. Enabling quick and seamlessly understanding how to perform their processes effectively, efficiently and avoiding the usual mistakes and risks.
Program related Process knowhow, skills, competencies and process knowledge to perform the job work processes
Training that will empower the participant to identify, support and implement work process improvements in his unit, team, section, department, and organization.
Benefits to the Organization Sponsoring Participants to this program
(Benefits made possible by Euro Training's above mentioned Planned Outcomes and Takeaways)
This Euro Training programs is different. It develops practical Job Process Skills.
Benefits you may see in participant post program behavior...Inclination to Recognize his Processes Customers and Stakeholders, and their Needs & Expectations.
Higher level of Relevant Multi-discipline Job Process Skills
Taking Initiative to Propose and help implement Process Improvements in his Work Responsibility Area.
How your Participant will Change after attending the program?...
Increased Work Process Performance Knowledge
Awareness to the Need to align process performance to the Needs and Expectations of Stakeholders and Customers (internal & external)
Awareness of the Need to Align Process Performance to Organizational Operational and Strategic Objectives.
Implement Good Management Practices during Process Performance, and, Gain Awareness to meet Requirements and Recommendations of the any Applicable Industry and Professional Standards.
Skill Sets for possible implementation the Program Discussed Action Plan for Process Improvements.
Type of improvements the participant will be trained to analyze and implement include (as relevant)
(a) Productivity Improvements
(b) Product and Service Differentiation
(c) Exceeding Stakeholder & Customer Expectations.Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when apply the ideas and skills acquired during the training.
Participant Individual Career Benefits
Job Satisfaction & Advancement
First, and most important benefit, is the positive self-esteem that will come from being able to do your work processes right first time and meet internal and external customer expectations.
Second, the Program developed Job Process Understanding & Skills will help participant successfully present his professional skills at Job Interviews and Internal Performance Evaluation Reviews.
Participant gains clear direction and insight for analyzing, proposing and implementing improvements in his work processes.
Post program when you take decisions related to your work processes you will automatically consider Multi-discipline aspects (as applicable):
Internal & External Customer Needs and Expectations, Technology Options, Data Analytics and Artificial Intelligence Opportunities, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increase Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and, possibly more aspects).
First, and most important benefit, is the positive self-esteem that will come from being able to do your work processes right first time and meet internal and external customer expectations.
Second, the Program developed Job Process Understanding & Skills will help participant successfully present his professional skills at Job Interviews and Internal Performance Evaluation Reviews.
Participant gains clear direction and insight for analyzing, proposing and implementing improvements in his work processes.
Post program when you take decisions related to your work processes you will automatically consider Multi-discipline aspects (as applicable):
Internal & External Customer Needs and Expectations, Technology Options, Data Analytics and Artificial Intelligence Opportunities, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increase Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and, possibly more aspects).
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