Joint Venture Accounting-OGF 8003

11 Mar 24-22 Mar 24 (London, UK), 05 Aug 24-16 Aug 24 (Dubai, UAE), 14 Oct 24-25 Oct 24 (Kigali, Rwanda ),

Course Overview

    This course provides a comprehensive knowledge base and practical skills to excel in the complex world of joint venture accounting and financial management. This is a bespoke course for officials and managers working directly or indirectly on joint venture projects. The course is made fluid to accommodate accounting and non- accounting staff engaged in joint ventures.


Learning Outcome

    • Understand the fundamentals of joint ventures and their role in business.
    • Apply accounting principles and financial reporting standards specific to joint ventures.
    • Effectively manage financial transactions and obligations within a joint venture
    • Make informed financial decisions and optimize the profitability of joint ventures
    • Foster transparency, collaboration, and ethical financial practices within joint ventures.
    • Assess and mitigate financial risks associated with joint ventures


Indicative Contents

    • Overview of JV Accounting principles as dictated by IAS 31
    • Joint operating agreement
    • Equity types and groups
    • Joint venture budgeting (Matching approved budget with expended & paid up).
    • Project cost accounting
    • Budgeting and performance evaluation
    • Cost allocation process
    • Working capital management
    • Venture bank account (VBA) option
    • Capturing data on both sides
    • Recovery indicators
    • Effective communication, collaboration, and conflict resolution within joint ventures
    • Microsoft excel (intermediate and advanced)
    • Partner netting
    • Risk mitigation strategies and contingency planning
    • Case study


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.