Petroleum Acct (Part I): 3/21&23/2023 (all day)

Petroleum Accounting-Part 1
This program covers key aspects of Upstream backoffice accounting.
Based on the 8th Edition of the widely used book, originally authored by Dr. Horace Brock.
Focus will be on generally accepted accounting principles.
It is appropriate for both full cost and successful efforts companies.
 
When:  March 21 and March 23 both days 8:30-4:30 CDT
Where: On your computer or tablet, wherever you have a good internet connection
Program Level: Basic
CPE Awarded: 16 hours
Prerequisites:  It helps to be an accountant
Pre-Class Preparation: Please have a calculator handy
Delivery Method:  Group Internet, Interactive Live
Field of Study: Accounting
Cost: $549 per participant including all class materials

Who Should Attend:
•    Accountants in oil & gas who need a refresher on the Petroleum Accounting topics listed below
•    Accountants in any part of back office Petroleum Accounting
•    Accountants from other industries moving into oil & gas
•    Accountants right out of college moving into oil & gas
•    Accountants in oil & gas who desire to broaden petroleum accounting perspective
•    Anyone who has used the book "Petroleum Accounting" who would like live examples
•    Anyone who needs a better understanding of Petroleum Accounting principles
 
Upon Completion of this Program Participants will be able to handle these learning objectives:
•    Apply the key ideas and objectives of petroleum accounting
•    Interpret the differences between Full Cost and Successful Efforts methodology
•    Demonstrate proficiency and understanding of each of the topics listed below
•    Interpret and apply the principles and methods of the textbook "Petroleum Accounting"
 
Petroleum Accounting-Part 1 Topics
•    Accounting principles for Oil & Gas Producing Activities
•    Accounting for Exploration Costs
•    Accounting for Unproven Property acquisition, retention and surrender
•    Accounting for Costs in Drilling, Equipping and Developing Oil & Gas Properties
•    Accounting for Asset Retirement Obligations
•    Accounting for Depletion, Depreciation & Amortization and related Reserves
•    Accounting for the Impairment of Long-Lived Assets
•    Unique Aspects of Full Cost Accounting