Financial Reporting of Oil and Gas (JV and PSC) -OGF 8001

15 Apr 24-26 Apr 24 (London, UK), 05 Aug 24-16 Aug 24 (Dubai, UAE), 14 Oct 24-25 Oct 24 (Kigali, Rwanda ),

Course Overview

    This is a bespoke training course for officials and managers charged with the responsibilities of preparing or using financial reports generated from the activities of Oil and Gas venture partnerships. Special attention will be paid to the requirements of International Financial Reporting Standard (IFRS) for the presentation financial statements and their underlying principles.

    This programme is made fluid to accommodate both accountants and non-accountants.


Learning Outcome

    By the end of this programme, delegates will be having better understanding of:

    • Oil and Gas business partnerships/ownership types
    • Concept of substance over form
    • The different valuation principles for financial reporting purpose
    • Equity vs proportional consolidation method
    • Reporting on discontinued/abandon operations


Indicative Contents

    • Overview of JV Accounting principles as dictated by IAS 31
    • Overview of accounting policies
    • Recognition of assets and liabilities in the entity’s books
    • Cash flow management - Considering cash call and alternative funding accounting
    • International financial reporting standards
    • Discontinued operations (IFRS 5)
    • Microsoft excel – intermediate & advanced
    • Post reporting period


More Detail
Duration This is a two-week programme spread over 10 working days.
Certification A certificate of completion is granted on successful completion of the programme.
Location (London, UK), (Dubai, UAE), (Kigali, Rwanda )
Travel and accommodation Travel and accommodation to be paid for at source by delegates.

London: £6,250.00 (Excl. VAT) per delegate for 2 weeks. Dubai: $8,000.00 (Excl. VAT) per delegate for 2 weeks. Kigali: $8,000.00 (Excl. VAT) per delegate for 2 weeks