Benefit from special pricing for our worldwide courses.
IASeminars is pleased to offer members of the
Petroleum Accountants Society of Canada a 15% discount on their total order for any of our public seminars booked through this website.
In order to benefit from this offer, please remember to use this special PASC promotional code (pasc15) when prompted to do so whilst placing an order on this website.
You can use our
advanced search facility to specify your exact training requirements (topics, dates, locations, etc.) or else browse our range of courses shown below.
If you are planning to make a group booking, please
contact us. Note that all of our
course topics can be delivered on an
in-house basis.
Upcoming IASeminars Oil and Gas Courses in Canada
1600: Oil & Gas Accounting Fundamentals (3 days)
This three-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the oil and gas industry. Both IFRS and US/Canadian GAAP requirements will be considered. Case studies, financial report...
[read more]
1600: Oil & Gas Accounting Fundamentals (3 days)
This three-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the oil and gas industry. Both IFRS and US/Canadian 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
- Corporate reports (including Annual Reports, Forms 10-K, 20-F, 10-Q, 6-K, 8-K, and more)
- Key information provided in each report and where to find it
- Report formats
- Financial Analysis Part I: Traditional financial analysis of oil and gas firms
- Liquidity measures
- Profitability measures
- Risk measures
- Hands-on financial statement analysis case study using data from oil and gas companies
- Financial Analysis Part II: 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
- Hands-on financial statement analysis using data from oil and gas companies: 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.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 21 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
1605: IFRS for the Oil & Gas Sector (2 days)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas).
Topics, presented through the use of practical examples and illustrative financial statements, include:
[read more]
1605: IFRS for the Oil & Gas Sector (2 days)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas).
Topics, presented through the use of practical examples and illustrative financial statements, include:
- IFRS 6 Exploration for and Evaluation of Mineral Resources
- Cost elements of exploration and evaluation assets
- Initial and subsequent measurement of exploration and evaluation assets
- Changes in accounting policies
- Classification of assets as property, plant and equipment vs. intangible
- Disclosure requirements
- Transitional provisions
- IAS 16 Property, Plant and Equipment
- Provisions for dismantling and restoration costs
- IAS 36 Impairment of Assets
- IAS 38 Intangible Assets
- Depreciation and amortization rules
- Update on the IASB’s project on extractive activities
- Overview of US/Canadian GAAP guidance for extractive industries
- Hedge accounting
- Practical examples and illustrative financial statements.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
View all IASeminars Calgary Courses
Quick links
Detailed links
1030: IFRS Basics (2 days)
This two-day course is a clear and concise introduction to key technical issues involved in understanding and applying IFRSs.
The program includes:
- Financial statement presentation and specific disclosure requirements (operating se...
[read more]
1030: IFRS Basics (2 days)
This two-day course is a clear and concise introduction to key technical issues involved in understanding and applying IFRSs.
The program includes:
- Financial statement presentation and specific disclosure requirements (operating segments, events after the reporting period, statement of cash flows, related party disclosures, changes in accounting policies, changes in accounting estimates, correction of errors, and discontinued operations)
- Revenue recognition
- Recognition and measurement of assets (inventories, property, plant and equipment, and intangible assets) including the accounting treatment of impairment of assets and assets held for sale
Also included are discussions of:
- Provisions and other liabilities (including employee benefits)
- Share-based payment
- Consolidated financial statements (including Special Purpose Entities)
- Business combinations
- Financial instruments
- First-time adoption of IFRSs
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
1035: IFRS Basics with US GAAP Comparison (3 days)
This three-day interactive workshop is a thorough overview of the major technical issues involved in IFRS and the critical differences between IFRS and US GAAP. The program is presented using financial statements, case studies, and extensive exa...
[read more]
1035: IFRS Basics with US GAAP Comparison (3 days)
This three-day interactive workshop is a thorough overview of the major technical issues involved in IFRS and the critical differences between IFRS and US GAAP. The program is presented using financial statements, case studies, and extensive examples.
Course topics include:
- Comparison of the Conceptual Frameworks for IFRS and US GAAP
- Discussion of significant differences between IFRS and US GAAP
- Financial statement presentation and specific disclosures (segment reporting, events after the reporting period, statement of cash flows, related party disclosure, accounting policies/changes in estimates/errors, discontinued operations)
- Revenue recognition
- Recognition and measurement of assets (property, plant & equipment, borrowing costs, investment property and intangible assets) including the accounting treatment of impairment and assets held for sale
- Provisions, contingencies and other non-financial liabilities (including those relating to employee benefits)
- Share-based payments
- Investments in associates and joint ventures
- Inventories
- Accounting for business combinations
- Consolidated financial statements, including special purpose entities
- Financial instruments, including IFRS 7 disclosure requirements
First-time adoption of IFRS
- Expected future developments (update on the IASB-FASB convergence project, status of global accounting convergence, exposure drafts and other IASB projects
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 21 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
IASeminars is registered with the Internal Revenue Service as an IRS Approved Continuing Education Provider for registered tax return preparers. View confirmation of the IASeminars IRS Approved CE Provider status. IRS Provider number: U6NBE. Program Number: U6NBE-T-00005-12-I
[hide]
1082: IFRS Technical Update (2 days)
This two-day course brings delegates up-to-date with IFRSs and Interpretations that were issued or amended within the last 12 months, or became effective recently or will do in the foreseeable future, and presents information on other recent an...
[read more]
1082: IFRS Technical Update (2 days)
This two-day course brings delegates up-to-date with IFRSs and Interpretations that were issued or amended within the last 12 months, or became effective recently or will do in the foreseeable future, and presents information on other recent and impending pronouncements. Topics to be covered are finalized in the run-up to the course in order to be as current as possible.
The course covers the following new Standards, Interpretations and amendments to existing Standards (includes those effective 2011 or later):
- New Standard – IFRS 9: Financial Instruments (November 2009, amended October 2010, effective 2015)
- Improvements to 7 IFRSs (May 2010, effective January 2011)
- Conceptual Framework (September 2010)
- Amendments to IFRS 7: Financial Instruments: Disclosures – Transfers of Financial Assets (October 2010, effective July 2011)
- Amendments to IFRS 1: Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (December 2010, effective July 2011)
- Amendments to IAS 12: Deferred Tax: Recovery of Underlying Assets (December 2010, effective January 2012)
- Management Commentary – Practice Statement (effective December 2010)
- IFRS for Small and Medium-sized Entities (SMEs) (July 2009, effective when jurisdictions choose to adopt)
- New Standard – IFRS 10: Consolidated Financial Statements (May 2011, effective January 2013)
- New Standard – IFRS: 11 Joint Arrangements (May 2011, effective January 2013)
- New Standard – IFRS 12: Disclosure of Interests in Other Entities (May 2011, effective January 2013)
- New Standard – IFRS 13: Fair Value Measurement (May 2011, effective January 2013)
- Amendments to IAS 27: Separate Financial Statements 2011 (May 2011, effective January 2013)
- Amendments to IAS 28: Investments in Associates and Joint Ventures 2011 (May 2011, effective January 2013)
- Amendments to IAS 1: Presentation of Items of Other Comprehensive Income (June 2011, effective July 2012)
- IAS 19 Employee Benefits (June 2011, effective January 2013)
- Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities (December 2011, effective January 2014)
- Amendments to IFRS 7 Disclosures – Offsetting Financial Assets and Financial Liabilities (December 2011, effective January 2013)
- IFRIC 20 Stripping Costs (October 2011, effective January 2013)
The program also includes a progress report on current Exposure Drafts and Discussion Papers. Our specialist instructors provide an update on IFRS Interpretations Committee deliberations, IASB future projects, and the status of US GAAP and other GAAP convergence projects.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
IASeminars is registered with the Internal Revenue Service as an IRS Approved Continuing Education Provider for registered tax return preparers. View confirmation of the IASeminars IRS Approved CE Provider status. IRS Provider number: U6NBE. Program Number: U6NBE-T-00002-12-I
[hide]
1248: IFRS Business Combinations (M&A) and Consolidations (3 days)
This three-day interactive course provides delegates with a comprehensive understanding of IFRS 3 Business Combinations and IAS 27 Consolidated and Separate Financial Statements. In addition, the program addresses the relevant aspects of IAS 28 Investments in Associates, IAS 31 Interests in Joint Ventures, and IAS 21 The Effects of Changes in Foreign Exchange Rates.
Topics related to business combinations, consolidations and preparation of group financial statements, presented through the use of practical examples, exercises, and case studies, include:
- Application of the purchase method of accounting
- Identifying a business combination
- Identifying the acquirer
- Determining the acquisition date and the consideration transferred
- Contingent consideration
- Recognition and measurement of assets acquired and liabilities assumed
- Restructuring provisions
- Indemnification assets
- Measurement period
- Business combination achieved in stages
- Goodwill and impairment testing
- Non-controlling interests
- Changes in ownership interests
Consolidation requirements and methodology
- Determining control
- Accounting for non-controlling interests
- Eliminating entries
- Reporting dates and accounting policies
- Consolidating special purpose entities
- Consolidating investments in associates and equity method investments
- Application of the proportional consolidation method
- Consolidation effects relating to each type of joint venture
- Consolidating foreign currency financial statements
- Presentation and disclosure
- Requirements relating to separate financial statements.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 21 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
1400: IFRS Disclosure and Presentation Requirements (2 days)
This two-day course focuses on developing the skills to effectively comply with both current and upcoming IFRS disclosure requirements. Participants will learn about IFRS presentation and disclosure requirements in detail, including those most recently issued, as well as new rules that are anticipated in the near future. Illustrations and exercises are used throughout the program to enhance and reinforce learning.
Course topics include:
- Presentation of the statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity
- Disclosure of financial risk and policies of risk management
- Correction of errors and changes in estimates
- Disclosure of critical accounting estimates and judgments
- Interim financial reporting
- Revenue and construction contracts
- Disclosures in respect of assets and liabilities: Property, plant & equipment, Intangibles, Impairment of assets, Inventories, Financial assets and liabilities (including hedge accounting)
- Share capital (including Capital Disclosures required by IAS 1)
- Leases
- Employee benefits
- Provisions
- Share-based payment
- Income taxes
- Other specialised topics such as First-time adoption of IFRS, Business combinations and consolidation, Operating segments, Earnings per share, Discontinued operations and non-current assets held for sale, Events after the reporting period, Related party disclosures, and Foreign currency
- Expected future developments relating to presentation and disclosure.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
IASeminars is registered with the Internal Revenue Service as an IRS Approved Continuing Education Provider for registered tax return preparers. View confirmation of the IASeminars IRS Approved CE Provider status. IRS Provider number: U6NBE. Program Number: U6NBE-T-00003-12-I
[hide]
1600: Oil & Gas Accounting Fundamentals (3 days)
This three-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the oil and gas industry. Both IFRS and US/Canadian GAAP requirements will be considered. Case studies, financial report...
[read more]
1600: Oil & Gas Accounting Fundamentals (3 days)
This three-day course focuses on the accounting standards, corporate reporting and financial analysis that relate specifically to the oil and gas industry. Both IFRS and US/Canadian 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
- Corporate reports (including Annual Reports, Forms 10-K, 20-F, 10-Q, 6-K, 8-K, and more)
- Key information provided in each report and where to find it
- Report formats
- Financial Analysis Part I: Traditional financial analysis of oil and gas firms
- Liquidity measures
- Profitability measures
- Risk measures
- Hands-on financial statement analysis case study using data from oil and gas companies
- Financial Analysis Part II: 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
- Hands-on financial statement analysis using data from oil and gas companies: 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.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 21 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
1605: IFRS for the Oil & Gas Sector (2 days)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas).
Topics, presented through the use of practical examples and illustrative financial statements, include:
[read more]
1605: IFRS for the Oil & Gas Sector (2 days)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas).
Topics, presented through the use of practical examples and illustrative financial statements, include:
- IFRS 6 Exploration for and Evaluation of Mineral Resources
- Cost elements of exploration and evaluation assets
- Initial and subsequent measurement of exploration and evaluation assets
- Changes in accounting policies
- Classification of assets as property, plant and equipment vs. intangible
- Disclosure requirements
- Transitional provisions
- IAS 16 Property, Plant and Equipment
- Provisions for dismantling and restoration costs
- IAS 36 Impairment of Assets
- IAS 38 Intangible Assets
- Depreciation and amortization rules
- Update on the IASB’s project on extractive activities
- Overview of US/Canadian GAAP guidance for extractive industries
- Hedge accounting
- Practical examples and illustrative financial statements.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
2003: US GAAP Essentials (3 days)
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements.
The program covers, through the use of illustrative financial statements and exercises:
[read more]
2003: US GAAP Essentials (3 days)
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements.
The program covers, through the use of illustrative financial statements and exercises:
- Sources of US GAAP
- GAAP Codification
- Consolidated financial statement requirements, including variable interest entities
- Statement of financial position
- Income statement
- Discontinued operations
- Changes in policies, accounting estimates and errors
- Earnings per share
- Comprehensive income
- Cash flow statement
- Statement of changes in equity
- Revenue recognition (current FASB & SEC requirements)
- Treatment of multiple deliverables
- Service revenues
- Current revenue issues
- Inventory accounting
- Business combinations (including an overview of the new standard )
- Equity method accounting
- Joint ventures
- Equity investments
- Intangible assets
- Accounting for research and development
- Impairment testing of goodwill
- Long-lived assets
- Capitalization of interest
- Asset retirement obligations
- Assets held for sale
- Non-monetary transactions
- Impairment of long-lived assets
- Lease accounting (capital and operating)
- Contingency accounting and disclosures
- Restructuring provisions
- Subsequent events
- Short-term employee benefits
- Pension cost measurement and presentation
- Share-based payment
- Financial assets (categories and accounting treatments)
- The Fair Value Option
- Financial liabilities
- Discussion of future developments (exposure drafts, project agenda, update on the IASB-FASB convergence projects, global accounting convergence)
- Researching US GAAP (including the impact of codification).
Note that participants are expected to have prior knowledge of basic accounting principles based on any national standards, and that they can expect to leave the course with a broad understanding of US GAAP and with the ability to understand financial statements prepared on that basis.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 21 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
2081: US GAAP Technical Update (2-day course)
This two-day course offers participants the benefits of both a US GAAP technical update and a workshop on the FASB Accounting Standards Codification. The first day of the course comprises a technical update that brings delegates up-to-date with the c...
[read more]
2081: US GAAP Technical Update (2-day course)
This two-day course offers participants the benefits of both a US GAAP technical update and a workshop on the FASB Accounting Standards Codification. The first day of the course comprises a technical update that brings delegates up-to-date with the changes to US GAAP that have been issued, amended or became effective during the past 12 months and provides information on other recent and impending pronouncements. Included in the technical update is a progress report on current Exposure Documents and ongoing projects. Topics to be covered are finalised in the run-up to the course in order to be as current as possible. Using examples and case studies for illustration, the technical update concisely covers recent and pending changes in US GAAP.
Technical update topics include:
- Financial Reporting Improvements Project
- Financial Statement Presentation
- Revenue Recognition – Multiple Deliverables (ASU 2009-13) and Revenue Arrangements That Include Software Elements (ASU 2009-14)
- Joint Revenue Project with IASB
- Fair Value Measurements
- Improving Disclosures About Fair Value Measurements (ASU 2010-06)
- Measuring Liabilities at Fair Value (ASU 2009-05)
- Measurement and Classification of Financial Instruments
- Consolidations and Variable Interest Entities (ASU 2009-17)
- Loss Contingencies
- Subsequent Events (ASU 2010-09)
- Going Concern
- Non-GAAP Measures
- Updates on XBRL
- Climate Change Disclosures (SEC interpretive release)
- Reporting Uncertain Tax Positions (IRS proposals)
- Convergence Updates and SEC’s Work Plan
- GAAP for Private Entities including IFRS for SMEs
- Accounting Consequences of Health Care Reform (ASU 2010-12)
- Other Current Standards, Exposure Drafts and Projects.
The second day of the programme examines current FASB projects, including standards projects and Emerging Issue Task Force Projects. The course also highlights joint projects being pursued by the Financial Accounting Standards Board and the International Accounting Standards Board as part of their convergence and improvements agenda. In February 2010 the SEC confirmed its support for a single set of global accounting standards and nominated IFRS as best placed to fulfill that role. It has instituted a ‘Work Plan’ that will lead to a decision in 2011 about mandatory application of IFRS for US domestic registrants. During the second day delegates will also learn about the FASB Accounting Standards Codification in its present form, as well as expected developments and anticipated impacts relating to IFRS adoption. Real-world illustrations and hands-on practice are used to enhance and reinforce learning.
Codification topics include:
- FASB Accounting Standards Codification
- Brief background on Codification development and purpose
- GAAP hierarchies and codification impact (US GAAP hierarchy, IFRS hierarchy, the impact of codification)
- How the Codification works (current status, application under IFRS adoption)
- Applying the Codification (examples using the Codification to research accounting topics)
- Codification practice (problem solving applied to accounting issues).
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
2700: US GAAP for Utility Companies (2 days)
This two-day course examines in detail specific accounting and reporting issues for regulated utilities that apply the Regulated Operations Topic as described in ASC 980, Regulated Operations (ASC 980), including but not limited to electric power, re...
[read more]
2700: US GAAP for Utility Companies (2 days)
This two-day course examines in detail specific accounting and reporting issues for regulated utilities that apply the Regulated Operations Topic as described in ASC 980, Regulated Operations (ASC 980), including but not limited to electric power, retail natural gas, and water utilities. Additionally, unique matters pertaining to electric power entities that are not regulated are also included in the course.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 14 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.
[hide]
Abu Dhabi