This three-day course considers the accounting standards and corporate reporting requirements for the downstream oil and gas sector, with particular emphasis on the accounting under IFRS for the refining of petroleum crude oil, the processing of natural gas, and the distribution of crude oil and natural gas derivatives.
This workshop provides an in depth review of accounting and financial management practices as applied by IFRS reporters in the upstream oil and gas industry. It focuses on areas of diversity and compares to benchmark accounting practices found in US GAAP for accounting for exploration activities, reserves reporting and conveyancing.