merger merger

Welcome to your new course portal!

On October 15th, hotcourses.com moved to findcourses.co.uk - which means you can now find all your favourite courses right here. Don't worry - you can still do all the things that you could do before.

All you need to do is search.

Show findcourses.co.uk as: Mobile

How does COVID-19 impact education? See what we're doing to help our learners.

Exploration and Production Accounting - Level 3

MDT International
Course summary
5 days
2,750 GBP excl. VAT
Open / Scheduled
Next available date: 01/06/2020 09:00 - Rio de Janeiro
Course Dates
Rio de Janeiro
01/06/2020 09:00 
2,750 GBP
London
15/06/2020 09:00 
2,750 GBP
07/12/2020 09:00 
2,750 GBP
Dubai
13/09/2020 09:00 
2,750 GBP
MDT International Course Image

Course description

Exploration and Production Accounting: Level 3 - 5 day Training Course

This five-day Level 3 Exploration and Production Accounting training course is designed to help personnel that have experience and knowledge of accounting in the E&P Industry gain advanced skills.

This highly interactive workshop is designed so that delegates learn while doing as they work together in small teams to explore and analyse wide-ranging financial scenarios based on the realistic, computer-based simulation of various international exploration and production activities.

On attending this Exploration and Production Accounting - Level 3 training course you will gain knowledge of:

  • how to carry out and manage operational financial accounting activities associated with joint ventures
  • how to prepare, analyse and present information for effective financial reporting
  • an understanding of the impact of different activities on the financial statements of an upstream oil and gas company
  • how to apply Generally Accepted Accounting Principles (GAAP) in financial reporting

COVID-19 Update

This provider offers an online version of their classroom courses

Do you have questions about COVID-19 in relation to this course?

At findcourses.co.uk we are committed to helping everyone who wants to learn, to learn. So are our trusted partner providers.

Get in touch on this page to find out whether there are any changes to this course in light of COVID-19.

Suitability - Who should attend?

This Exploration and Production Accounting - Level 3 training course is suitable for accounting and financial management personnel who want to enhance their analytic and presentational skills.

Pre-requisites:
To be able to participate effectively, you should have already attended our two lower-level companion courses – Exploration and production accounting – Level 1 and Level 2 – or be able to demonstrate a suitable combination of relevant experience and subject knowledge.

Outcome / Qualification etc.

Participants on this course are eligible for 35 hours of CPD accreditation on completion. 

Training Course Content

The main simulated financial scenarios on this course are as follows:

  • Your company decides to participate in a new exploration joint venture.  You will review accounting policy options, enter billings into the accounting system and prepare financial statements.
  • The joint venture proceeds to develop a commercial discovery.  Your company also acquires an interest in a producing field.  You will account for development costs, sales revenues, DD&A, a decommissioning provision, and production under the terms of a tax-based fiscal arrangement.
  • Your company takes on the role of operator of a new venture.  You will prepare cash calls and billings, and maintain operator accounting records.
  • Your company decides to change from the full cost to the successful efforts method.  You will prepare financial statements reflecting the change in accounting policy.
  • You will account for your company's participation in a new venture under the terms of a production sharing contract.
  • Following an earlier unitisation and a move to multi-venture operations, you will account for a redetermination and shared-cost allocations.
  • A falling oil price and revised estimates of reserves indicate impairment of an asset.  You will perform a test and account for the result.
  • Your company adjusts its portfolio of assets.  You will account for a farm-out arrangement.
  • Your company's chief executive is due to meet with investment analysts.  You will prepare for him a briefing on company performance and financial status.

This intermediate-level course uses a blend of methods including:

  • Using computer-based simulation, teams of 3-4 delegates participate in the financial management of a hypothetical international exploration and production company, exploring such diverse activities as operator and non-operator accounting, recording of transactions, updating of financial statements and analysis of results.
  • A variety of highly realistic business scenarios is introduced (see "Course content opposite"), through which delegates plan, record and report on the progress of their "company".
  • This hands-on scenario-based approach enables you to track and analyse the impact of each activity from initiation through to final results and analysis of company performance.
  • Experienced financial trainers review and update delegates' subject knowledge and skills before each scenario is introduced, and are on hand throughout the course to provide guidance and support.
  • You will need to bring your own laptop with Microsoft ExcelTMpre-installed, and familiarity with spreadsheet techniques is assumed.

Expenses

Course Fee: £2750.00 (+ VAT for attending UK courses). Fees include your attendance at the relevant training course/s and the provision of a comprehensive training course manual, course completion certificate, plus lunch and refreshments during the training day. Fees do not include accommodation and living costs.

MDT International can also provide this course on an in-house course basis, to discuss please submit enquiry. 

Customer Outreach Award

customer-outreach-badge-2019

We believe that it should be easy for you to find and compare training courses. 

Our Customer Outreach Award is presented to trusted providers who are excellent at responding to enquiries, making your search quicker, more efficient and easier, too.

About provider

MDT International - Auditing, Finance & Accounting courses for the Oil & Gas industry

MDT International - Finance, Commercial & Management Courses for the Oil & Gas Industry

MDT delivers commercial training courses in most major established and emerging international oil and gas hubs. Whether you're taking part in an open course, or benefiting from the customised experience of our in-house training, you know what you’ll learn from some...


Read more and show all courses with this provider

Request info

Fill out your details to find out more about Exploration and Production Accounting - Level 3.

  Contact the provider

  Get more information

  Register your interest

Contact info

MDT International

MDT International Ltd
45 Albert Street
AB25 1XT Aberdeen

 Show phone number
www.mdtinternational.com


Reviews

Average rating 4.9

Based on 24 reviews

Tolulope
(5)
Great insight on the finance side of the oil and gas industry with excellent real life examples
Virtue
(5)
It has been a truly rewarding course with lots of practical examples.
Elizaveta
(5)
It was stunning! I had a great time during the course. The course was not 100% relevant to my current position, but it was very interesting. The course extended my knowledge. Thank you.
Request Information

Find out more about this Exploration and Production Accounting - Level 3 course - simply fill out your details:

Reviews
Course rating
(4.9)
Based on 24 reviews
U.K. L&D Report: 2019 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!

uk-ld-report-2019

Learn more

Case Study

Similar Courses