IFRS for Oil & Gas Accounting 2017

Key Topics

• Recognition and Valuation of Non-Current Assets
• Reserve Disclosure, Analysis and Ratio Calculations
• Oil and Gas Industry Accounting Issues
• Future IFRS Direction, US GAAP Convergence and Course Review
• Case Study: Determination of CGU and allocation of impairment charge across CGU. Reversal of impairment loss for CGU with and without goodwill
• Case Study: Calculation of revenue and royalties, and allocation across geographic segments
• Provisions and Decommissioning
• Accounting for Operating and Finance Leases and Similar Transactions
• Derivative Instruments and Foreign Currency Transactions
• Accounting for Exploration and Evaluation Activities
• Accounting for Development and Production Activities
• Recognition and Valuation of Inventory and Reserves
• Revenue Measurement and Recognition
• Overview of IFRS Principles and Concepts

Who should Attend

Attendees from the oil and gas industry involved in economics, finanace, costs, business, assets, budget, tax and investment analysis.