Training Details
First day
- Nature and characteristics of activity in gas companies.
- Stages of production and marketing in oil companies.
- Oil activity properties.
- The effect of characteristics on the design of the accounting system in oil companies.
- Designing the accounting system in oil companies:
- ledger group.
- Documentary group.
- Accounting guide.
- Accounting guidance.
the second day
- Accounting treatment of research and exploration expenses.
- Accounting treatment of capital expenditures.
- Accounts and final reports in oil production companies.
the third day
- Accounting treatment of fixed assets in oil companies:
- Processing depreciation installments.
- Processing depletion premiums.
- Accounting for the distribution of joint costs in oil companies:
- cost centers.
- Cost lists.
the fourth day
- Accounting for development costs and preparing lists of drilling costs.
- Accounting for pre-production costs:
- Total cost method.
- The method of successful efforts.
- The system of costs of production stages in oil production companies.
The fifth day
- The role of cost accounting systems in making and rationalizing administrative decisions in oil companies.
- Accounting for revenue in oil companies.
- Statements of future cash flows in oil companies.
- Final financial statements in oil companies (prepared and analyzed).
- Practical cases and practical problems.