IFRS Courses on Oil and Gas, Mining

1601: Oil & Gas Accounting Fundamentals (2 days) This two-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the upstream oil and gas industry. Both IFRS and US GAAP requirements will be considered. Case studies, financial reports,...[read more]

1601: Oil & Gas Accounting Fundamentals (2 days) This two-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the upstream oil and gas industry. Both IFRS and US GAAP requirements will be considered. Case studies, financial reports, and financial disclosures from real-world oil and gas companies will be used throughout the program to enhance and reinforce learning. Course topics include: Fundamental concepts underlying the two basic sets of oil and gas accounting methods - Successful Efforts and Full Cost IFRS 6: Exploration for and Evaluation of Mineral Resources Oil and gas accounting cases including: non-drilling exploration costs, drilling exploration costs, development costs, production, depreciation, depletion and amortization Dismantlement, restoration and abandonment ('asset retirement obligations') Capitalization of interest costs Asset impairment Environmental accounting and disclosures Update on the IASB's project for extractive industries. Analysis of Exploration and Production Activities Disclosure requirements relating to oil and gas producing activities such as proved oil and gas reserve quantities, and costs incurred for property acquisition, exploration & development activities The standardized measure of discounted future net cash flows ('PV10') Where to find key data relating to firms' exploration and production activities Financial and operational metrics used to specifically assess an oil and gas company's exploration and production business Calculation and interpretation of various industry metrics used to assess an oil and gas company's exploration and production business performance such as finding costs and reserve value-added-to-spending ratios. Practical examples and illustrative financial statements are used throughout the course. [hide]

1606: IFRS Issues for the Oil & Gas Sector (3 days) This three-day course focuses on the application of IFRS accounting and reporting requirements for upstream extractive industries (Oil & Gas). Topics, presented through the use of practical examples and illustrative financial statements, include: ...[read more]

1606: IFRS Issues for the Oil & Gas Sector (3 days) This three-day course focuses on the application of IFRS accounting and reporting requirements for upstream extractive industries (Oil & Gas). Topics, presented through the use of practical examples and illustrative financial statements, include: Overview of Exploration, Development and Production IFRS 6, IAS 16, IAS 36 and IAS 38 Application of IAS 1 presentation, Accounting issues arising from Production Sharing Agreements Application of IAS 18 revenue recognition, Application of IAS 12 taxation, Application of IAS 37 and IFRIC 5 to rehabilitation funds, Application of IAS 17 and IFRIC 4 leasing arrangements, Application of IAS 21 foreign currency Application of IAS 39 / IFRS 9 financial instruments, Application of IFRS 11 and IAS 28 joint ventures and joint arrangements Accounting for conveyances. Update on the IASB’s project on extractive activities Overview of US GAAP guidance for extractive industries Practical examples and illustrative financial statements. [hide]

1626: IFRS for the Minerals and Mining Sector (3 days) This three-day course focuses on the application of international financial reporting standards and industry accounting practices, in  the minerals and mining sector. ...[read more]

1626: IFRS for the Minerals and Mining Sector (3 days) This three-day course focuses on the application of international financial reporting standards and industry accounting practices, in  the minerals and mining sector. [hide]

1627: IFRS for Junior Mining & Exploration-Stage Companies (2 days) This two-day course focuses on the application of international financial reporting standards and industry accounting practices in the junior mining and exploration sector. ...[read more]

1627: IFRS for Junior Mining & Exploration-Stage Companies (2 days) This two-day course focuses on the application of international financial reporting standards and industry accounting practices in the junior mining and exploration sector. [hide]