Domain Specific Job Skills
Updated to Leverage the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
FJA580-1D
1 Week Training Program
Oil & Gas Joint Interest Accounting Skills
Building Skills in
Ensuring Protecting your Organization’s Interests
Ensuring Systems have Effective Data Analysis & Artificial Intelligence Capabilities
Revenue Accounting
Joint Interest Billing Accounting
Auditing Joint Interest Accounting
Regulatory Filings
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1 Week Training Programs
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New York
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What is Covered in this Training Program?
This Joint Interest Accounting Professional 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.
Attending and oaining this communicates demonstratable competency to perform the Joint Interest Accounting related job or assignment.
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.
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.
Mistakes made in Joint Interest Accounting can cause your organization huge losses and claims of fraud and legal non-compliance.
This Joint Interest Accounting Professional 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.
Attending and oaining this communicates demonstratable competency to perform the Joint Interest Accounting related job or assignment.
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.
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.
Mistakes made in Joint Interest Accounting can cause your organization huge losses and claims of fraud and legal non-compliance.
Who Should Attend?
This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.
This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.
Program Content & Modules
Oil & Gas Joint Interest Accounting Skills
Business Aspects of Joint Interest Accounting
Strategic Objectives from Joint Interest Accounting
Regulatory and Legal Aspects
Contractual Aspects of Joint Interest Accounting
Typical Contract Provisions Related to Joint Interest Accounting
Contractual Responsibilities and Liabilities for Accuracy in Joint Interest Accounting
Risks in Joint Interest Accounting
Joint Interest Processes
Managing the Joint Interest Processes
Accounting, Allocating & Distribution of Production & Sales Volumes
Well or Measurement Point Level Accounting & Reconciliation
Producing Well Level Accounting
Tax Calculation & Taxable Production
Validating Procurement Contract Transactions
Validate Pricing, Sharing, Allowability, Non-Allowability
Reconcile the Accounts
Prior Period Adjustments (PPAs)
Manage Ownership Changes
Adjustments for Ongoing Changes
Auditing for Accuracy and Adequacy of Records
Systematic Reversing and Rebooking System
Horizontal Drilling, Unitization Accounting Changes
Revenue Allocation to Account for Comingling
Managing Cash Flows & Distributions
Joint Interest Billing (JIB)- Drilling, Pipelines
Lease Operating Statements (LOS)
Cost Center Allocations for Overhead Equipment
Accounting for General Overheads
Authorization for Expenditures (AFE) System
Managing Authorization for Expenditures
Cost Center Accounting (Each Department of Business Unit)
Program Recommendations
Detailed Personalized Post Program Joint Interest Accounting Improvement Outline Action Plan