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ACT800-4D
4 Week Professional Certification

Certified PSAs Oil & Gas Accounting Professional

Building Professional Certification Skills & Competencies in

  1. Oil & Gas Accounting Good & Best Practices
  2. Acquisition, Exploration & Development Costing
  3. Production Sharing & Costing Accounting Processes
  4. Allocation Accounting Good & Best Benchmarked Practices
www.eurotraining.com/bro/act800-4.php

Training Dates Certification Programs

3-28 Sept 17
(Dubai, UAE)
10 Sept-5 Oct 17
(Dubai, UAE)
17 Sept- 12 Oct 17
(Dubai, UAE)
24 Sept- 19 Oct 17
(Dubai, UAE)
1-26 Oct 17
(Dubai, UAE)
8 Oct-2 Nov 17
(Dubai, UAE)
15 Oct-10 Nov 17
(Dubai, UAE)
22 Oct- 16 Nov 17
(Dubai, UAE)
29 Oct-23 Nov 17
(Dubai, UAE)
5-30 Nov 17
(Dubai, UAE)
12 Nov-7 Dec 17
(Dubai, UAE)
19 Nov-14 Dec 17
(Dubai, UAE)
26 Nov-21 Dec 17
(Dubai, UAE)
3-28 Dec 17
(Dubai, UAE)
10 Dec 17- 4 Jan 18
(Dubai, UAE)
17 Dec 17- 11 Jan 18
(Dubai, UAE)
24 Dec 17-18 Jan 18
(Dubai, UAE)
31 Dec 17 - 25 Jan 18
(Dubai, UAE)

Useful Links


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What is Covered in this Certification Workshop?

  1. This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Certified Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
  2. This program covers foundational concepts, advanced techniques, strategic leadership, and emerging trends, participants will be well-prepared to handle complex accounting scenarios, ensure compliance, and contribute to the success of oil and gas organizations involved in PSA transactions.
  3. This PSA Oil & Gas Accounting Professional Certification Training Workshop Builds Professionals who have the Understanding, Process Knowledge, Skills, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
  4. This program provides the participant the necessary PSA Oil & Gas Accounting Technical and Business Understanding, Detailed Process Knowledge, Skills to Implement Good and Best Practices, Management Insights that help Organize, Plan, Delegate, Empower, Monitor Work and Performance, Mentor and Coach Staff, Effectively Communicate with the Stakeholders, Specify Data Analytics based Timely Performance Reporting and Insights, Steer the Team towards Continual Improvements, and possibly gain Professional Leadership Recognition.
  5. This program will help participant understand, prepare, analyze, manage and audit Oil & Gas Industry Accounting related to Joint Operations, Production Sharing Arrangements and Oil & Gas Facility Sharing. Program covers Costs, Revenue, Revenue Recognition Issues, Risk Management, Estimating, Sensitivity, Losses, Real Time Accounting Systems, Early Warning Systems for Problems, Custody Transfer Measurements, Taxes and Contractual Accounting Aspects.
  6. Program covers all aspects of Oil & Gas Industry Costs, Production Sharing Agreement Accounting and Auditing, Issues of Allocability, Allowability, Classification, Reasonableness and Application of Oil & Gas Production Costs. IFRS 6 and US GAAP are benchmarked throughout the program.

Who Should Attend?

  1. This program is intended for Production Sharing Agreements (PSAs) Oil and Gas Accounting Professionals. This program will benefit Oil & Gas Accountants, PSA Administrators, PSA Billing approvers, Auditors, Executives, Management Analysts and Anyone Involved in Oil Field Accounting, Contract Administration, Joint Interest Operations and Management.
  2. Participants will include: Oil & Gas Industry Practitioners, Financial Managers and Executives, Legal and Contract Professionals, Regulatory and Compliance Personnel, Business Development and Negotiation Professionals, Consultants and Advisors, Government and Regulatory Authorities, Academics and Researchers, Aspiring Professionals

Certification Program Content & Modules

Certified PSAs Oil & Gas Accounting Professional


  1. Business Aspects of PSA Accounting
  2. Business Aspects of PSA Commercial Management
  3. Helpful Oil & Gas Technology for Accounting & Finance Professionals
  4. Helpful Oil & Gas Processes for Accounting & Finance Professionals
  5. Introduction to PSA Oil & Gas Accounting
  6. Overview of Purchase and Sale Agreements (PSA)
  7. Key Concepts in Oil & Gas Accounting
  8. Understanding Upstream, Midstream, and Downstream Operations
  9. Exploring Reserves, Production, and Revenue Recognition
  10. Regulatory Framework and Accounting Standards in Oil & Gas
  11. PSA Types and Structures
  12. Differentiating Between Various PSA Types (Fixed Price, Cost Sharing, etc.)
  13. Exploring Common Components of PSA Agreements
  14. Overview of Joint Operating Agreements (JOA) and Farm-Out Agreements
  15. PSA Accounting Fundamentals
  16. PSA Accounting Principles
  17. Accrual vs. Cash Basis Accounting for PSAs
  18. Revenue Recognition Methods and Timing
  19. Cost Allocation and Depletion in PSA Accounting
  20. PSA Revenue Recognition
  21. Determining When to Recognize Revenue
  22. Allocating Revenue Among PSA Participants
  23. Handling Royalties, Bonuses, and Production Sharing
  24. PSA Cost Accounting
  25. Identifying Direct and Indirect Costs
  26. Cost Allocation Methods and Principles
  27. Depletion, Depreciation, and Amortization (DD&A) Calculation
  28. Complex PSA Scenarios
  29. PSA Joint Interest Accounting
  30. Accounting for Joint Operations and Cost Sharing
  31. Calculating and Allocating Joint Venture Costs
  32. Partner Reporting and Financial Statements
  33. PSA Farm-Outs and Acquisitions
  34. Accounting for Farm-Out Agreements and Asset Acquisitions
  35. Handling Changes in Ownership and Participating Interests
  36. Implications for Financial Reporting and Cost Allocation
  37. PSA Decommissioning and Abandonment
  38. Estimating and Accounting for Future Decommissioning Costs
  39. Handling Asset Retirement Obligations (ARO)
  40. Financial Reporting for Abandonment and Restoration Activities
  41. Advanced PSA Accounting
  42. Complex PSA Revenue Recognition
  43. Revenue Recognition Challenges in Complex PSA Arrangements
  44. Allocation of Production and Sales Revenue
  45. Accounting for Overriding Royalties and Conditional Payments
  46. PSA Tax Accounting and Implications
  47. Tax Considerations in PSA Accounting
  48. Dealing with Tax Structures and Impacts on Financials
  49. Transfer Pricing and Tax Compliance for PSAs
  50. PSA Financial Reporting and Disclosures
  51. PSA Risk Management and Compliance
  52. Risk Assessment and Mitigation in PSAs
  53. Regulatory Compliance in PSA Accounting
  54. Ethical Considerations in PSA Accounting
  55. PSA Leadership and Professional Development
  56. PSA Accounting Strategy Development
  57. Formulating PSA Accounting Strategies
  58. Aligning PSA Accounting with Business Goals
  59. Defining Key Performance Indicators (KPIs)
  60. Change Management and Adoption
  61. Measuring and Communicating Value
  62. Driving Positive Change through PSA Accounting
  63. Contract Management and Negotiation
  64. Effective PSA Contract Negotiation
  65. Strategies for Successful PSA Contract Negotiations
  66. Analyzing Contractual Terms and Financial Implications
  67. Maximizing Value and Mitigating Risks through Negotiation
  68. Contract Administration and Performance Measurement
  69. Ensuring Contractual Compliance and Performance Tracking
  70. Monitoring Deliverables, Payments, and Obligations
  71. Measuring Contractual Success and Identifying Improvement Areas
  72. Dispute Resolution and Conflict Management
  73. Advanced Financial Reporting in Oil & Gas
  74. Financial Reporting Challenges in Oil & Gas PSAs
  75. Complexities of Reporting Revenue, Costs, and Liabilities
  76. Addressing Technical Accounting Issues in PSAs
  77. Production Sharing Agreement Important Contract Conditions for Accounts & Finance Professionals
  78. Oil & Gas Accounting and Finance Processes on PSAs
  79. Understanding Exploration Costs & Accounting Processes
  80. Understanding Acquisition Costs & Accounting Processes
  81. Understanding Drilling & Development Costs and Accounting Processes
  82. Proven Reserve Valuation Methods
  83. Tax & Royalty Obligations and Processes on PSAs
  84. Production Sharing Accounting Processes and Approvals
  85. Legal & Regulatory Requirements for PSA Accounting
  86. Understanding PSA Accounting & Finance Process KPIs
  87. Workshop 1
  88. Good Management and Regulatory Processes for Oil & Gas Accounting Processes
  89. Benchmarked Worldwide Best Practices for Oil & Gas Accounting Processes
  90. Ensuring Accuracy and Compliance in Financial Statements
  91. Accounting for Complex PSA Structures
  92. Handling Complex PSA Arrangements and Special Provisions
  93. Allocating Costs, Revenues, and Liabilities Appropriately
  94. Enhancing Financial Transparency in Complex PSAs
  95. International Financial Reporting Standards (IFRS) and Oil & Gas
  96. Risk Management and Internal Controls
  97. Risk Assessment and Management in PSA Accounting
  98. Internal Audit and Assurance in PSA Accounting
  99. Fraud Prevention and Detection in PSAs
  100. Technology and Automation in PSA Accounting
  101. Leveraging Technology for Efficient PSA Accounting
  102. Exploring Robotic Process Automation (RPA) in PSAs
  103. Navigating the Impact of AI and Data Analytics
  104. Driving Positive Change through PSA Accounting
  105. Recognizing Excellence in PSA Accounting
  106. Developing a PSAs Oil & Gas Accounting Performance Evaluation System to know how well team is performing
  107. Developing Meaningful Oil & Gas Accounting KPIs for Performance Reporting
  108. Workshop 2
  109. Framework for PSAs Oil & Gas Accounting Knowledge System
  110. Building a PSAs Oil & Gas Accounting Knowledge System to Empower Team
  111. Workshop 3
  112. Leveraging Data Analytics for Supporting a Real Time or Near Real Time PSAs Oil & Gas Accounting Insights
  113. Leveraging Artificial Intelligence Methods for Proactive PSAs Oil & Gas Accounting Decision Support Insights, Management Decision Support, Decision Suggestion System & Possibly Automated Decisions
  114. Workshop 4
  115. Building a PSAs Oil & Gas Accounting Knowledge Management System to Support Effective and Efficient Operational Process Management
  116. Setting Up an Internal PSAs Oil & Gas Accounting Briefing, Coaching, Skills & Competency Development and Certification System for Empowering Team Members
  117. Developing Multi-Level Internal Oil & Gas Accounting Skill & Competency Certification System
  118. PSAs Oil & Gas Accounting Professional Certification Tests
  119. PSAs Oil & Gas Accounting Professional Certification Interview
  120. Program Recommendations
  121. Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Action Plan

MAKE YOUR CAREER MOVE

Enhance your Academic Qualifications with Certified, Validated, Marketable, Professional Performance & Credibility


Euro Training Professional Certification Training Programs are Providing
  1. Knowhow and Technology Transfer to the Participants.
  2. Building Job Oriented Understanding, Competencies & Process Knowledge.
  3. Domain Multi-discipline understanding that Improves Performance, Credibility and Respect
  4. Competencies that Enable Superior Performance, Promotion, Career Advancement and Respect among Peers

Typical Certification Workshop Participant Takeaways
  1. A-Z Knowhow and Step-by-Step Process Knowledge
  2. A Customized Detailed Action Plan to apply the Program Knowledge to Work.
    The detailed Action Plan and Implementation Plans you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your job, team, business unit or organization.
    This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job/s.

Benefits for Organization Sponsoring Participants

(Made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, knowledge management, Data Analytics approach)
  1. Improved Performance through
    • Effectiveness (doing right first time by considering all key stakeholders), Efficiency (applying good practices), Goal Achievement (KPIs)
    • Customer Satisfaction
    • Strategic Alignment
  2. Multi-discipline Empowered Employee
    • Multi-Stakeholder Focus
    • Customer Focus
    • Operational Focus
    • Strategic Focus
    • Management by Facts (Data Analysis & Performance Evaluation)
  3. Employees Leveraging the Multi-Disciplines for doing the job right first time, by taking following aspects into consideration before decision making...
    Business Needs, Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understanding Risks, Leveraging Contingency Plans, Actions that Increase Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Develop Key Performance Indicators, Develop a Meaningful Performance Evaluation System, Leveraging Data Analytic Opportunities, Leveraging Artificial Intelligence Opportunities, Developing a Decision Support Knowledge System, Internal Business Unit Training System, Internal Employee Certification System .... (and more multi-discipline aspects)
  4. Creating a Professionally Certified Pool of Domain Mentors, Coach & Trainers who have access to the required resources from the Developed Knowledge System. Also Also helping create internal multi-level job competency certification system.

Participant Career & Life Benefits
Gained by Attending this Professional Certification Program

  1. Job Satisfaction that will come when satisfying your customers
  2. Respect that will come when you are Recognized by your Peers
  3. Promotion that will come from your Better Job Performance, Making Improvements and Convincing Performance Review Handling
  4. Career Advancement that will come from your increased Employability through Convincing Competency Display in Resume and Interviews, Improvement Ideas, Implemented Improvements & Validated Certification

Registration Form

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Registration Information
4 Week Professional Certification Training Program

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-4w.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at: http://www.eurotraining.com/fees.php .
  3. Program Fee is
    • 4 week (120 hrs)
      At Dubai, Kuwait, New Delhi, Qatar £13,990 (USD $17,800) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £15,389 (USD $19,580) per participant.
      Online eTraining Fee £6,000 (USD $7,500) per participant.
    • and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.


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