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From Human Resource & Organisational Development Consultancy (HRODC) Postgraduate Training Institute
On-Line Postgraduate Programme In Advanced Oil and Gas Accounting 1
Course Objectives
By the conclusion of the specified learning and development activities, delegates will be able to:
- Demonstrate a heightened understanding of the differing levels of Financial Reporting Regulation and Standardization, as they apply to Oil and Gas Accounting;
- Demonstrate a heightened understanding of salient accounting concepts and governance
- Demonstrate a
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On-Line Postgraduate Programme In Advanced Oil and Gas Accounting 1
On-Line Postgraduate Programme In Advanced Oil and Gas Accounting 2
General Contents, Concepts and Issues
I. ACCOUNTING FOR ASSET RETIREMENT OBLIGATIONS AND ASSET IMPAIRMENT
I. A. Accounting for asset retirement obligations
(1) Scope of SFAS No. 143
(2) Legally enforceable obligations
* Obligating event
* Asset recognition
* Initial measurement - fair value
* Traditional Approach
* Expected Cash Flow Approach
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On-Line Postgraduate Programme for Advanced Oil and Gas Accounting 3
General Contents, Concepts and Issues
I. CONVEYANCES
- Mineral interests
(1) Types of interest
* Basic Working Interests (WI)
* Joint Working Interest
* Basic Royalty Interest (RI)
* Overriding Royalty Interest (ORI)
* Production Payment Interest (PPI)
* Net profit Interest
* Conveyances: General Rules
- Conveyances: Exchange and Poolings
(1) Farm - ins/ farm outs
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On-Line Postgraduate Programme In Oil And Gas Accounting
... mining.
CONTENTS AND CONCEPTS:
A. UPSTREAM OIL and GAS OPERATIONS
- Introducing the Oil And Gas Industry
- Brief History of the U. S. Oil and Gas Industry
- Origin of Petroleum
- Anticline
- Exploration methods and procedures
- 3-D Seismic
- 4-D Seismic
- Acquisition of mineral interests in property
* Mineral Rights
* Mineral Interests
*
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