Mastering International Oil & Gas Accounting 2011

Every business needs professional accountancy. And the financial rules and regulations apply in-house to the business itself and just as much to the requirements set in law by governments and other statutory bodies. Accountancy practices must be thorough and complete. And never more so than in the oil and gas industry which relies totally on expert financial advice and record keeping.

Accountants working in the oil and gas industry will gather in Dubai for a four-day intensive training course from May 23-26, 2011. Here they undertake a variety of activities including lectures, group discussions, expert tutor sessions and reviews of practice cases. New developments in financial rules and reporting linked with the ever changing political situations in many countries where oil and gas joint ventures abound, mean that accountants must be and stay ahead of the game.

Accountancy within the oil and gas industry has a wide range of financial activities including capitalisation during exploration, decommissioning costs, costs of the accounting itself, frameworks for accounting in oil and gas, joint venture accounting, risk assessments, accounting issues during production and much more. A main aim of the Dubai course is to inform participants on all relevant issues in oil and gas accounting practices.

With the oil and gas industry being an international business, accountants often have to deal with varying and sometimes conflicting accountancy rules and regulations. This course aims to cover all difficulties accountants face in handling conflicting methods.

The latest in best practice methods and accountancy standards are an integral part of the course.