Complete Course on IFRS for Oil and Gas Companies

FINANCIAL REPORTING IN OIL AND GAS SECTOR
• Types of oil/gas contracts
• Leases and concessions
• Product sharing agreement (PSA)
• Exploration/Evaluation of oil and gas Resources
• Plant, property and Equipment
• Intangible and tangible Assets
• Asset impairment
FINANCIAL STATEMENT AND ASSETS
• Financial statements
• Write-off’s treatment
• Oil and gas assets classification
• Asset control and de-recognition
• Estimation of reserves and treatment of cost recovery
REVENUE AND RECOVERY
• Revenue recognition
• Revenue recognised by upstream companies
• Over lift balances
• Cost recovery methods in Psa’s
• Psa’s tax oil
INTEREST AND TAXES
• Interests from Decommissioning
• Restoration Rehabilitation Funds
• Income taxes
• Sales taxes and income taxes
• Tax holidays
• Deferred taxes arising on asset
RISK MANAGEMENT AND ASSESSMENT
• Leases and leasing project
• Foreign currency and functional currency
• Risk assessments in IFRS
• Financial risk control and management of upstream gas and oil
• Derivatives utilization
• Hedging techniques
• Joint ventures and risk
ACCOUNTING AND PRICING
• Asset exchanges accounting
• Oil & Gas | Major and Latest Accounting Issues
• Commodity Prices impact
• Interest Rate and currency variation
ASSETS
• Accounting for Assets in all areas of the Oil & Gas Petrochemical Industry
• Depreciation, depletion and Amortisation
• Assets Impairment
FVM FAIR VALUE MEASUREMENT
• Fair Value system and Measurement
• Reserve-Reporting
• Accounting and financing in oil Business
• Financial Statements consolidated
INTEREST
• Interests on Other Entities
• Strategic Development in the oil Industry
• Joint ventures and joint Arrangements
• Profit, cost oil and Break-Even Oil
CASH FLOW MANAGEMENT AND INVESTORS
• Cash Flow and Financial Instruments in the Oil & Gas
• Statement of Cash Flows
• Creative Accounting and Corporate Governance
• Investor Protection
• Corporate Governance
• The Role of the internal Board and Audit Committees
• Reporting to the investors

1ST BATCH: Tuesday, January 13, 2026 — Friday, January 16, 2026.

2ND BATCH: Tuesday, May 5, 2026 — Friday, May 8, 2026.

3RD BATCH: Tuesday, September 1, 2026 — Friday, September 4, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.