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FJA580-1
1 Week Training Program
Effective Oil & Gas Joint Interest Accounting
Building Skills in
Ensuring Protecting your Organization's Interests
Ensuring Systems have Effective Data Analysis & Artificial Intelligence Capabilities
Revenue Accounting
Joint Interest Billing Accounting
Auditing Joint Interest Accounting
Regulatory Filings
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Program Objectives
Provide Skills for:
Provide Skills for:
Protect Your Organization's Interests. Master Revenue Accounting.
Ensure Systems Incorporate Data Analysis and AI Capabilities.
Gain Proficiency in Joint Interest Billing Accounting
Audit Joint Interest Accounting Processes. Ensure Compliance with Regulatory Filings.
Simplify Complex Joint Interest Accounting Challenges. Design Effective Audit Trails. Prevent Losses and Mitigate Risks.
Enhance Organizational Objective Achievement
Protect Your Organization's Interests. Master Revenue Accounting.
Ensure Systems Incorporate Data Analysis and AI Capabilities.
Gain Proficiency in Joint Interest Billing Accounting
Audit Joint Interest Accounting Processes. Ensure Compliance with Regulatory Filings.
Simplify Complex Joint Interest Accounting Challenges. Design Effective Audit Trails. Prevent Losses and Mitigate Risks.
Enhance Organizational Objective Achievement
Who Should Attend?
This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.
This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.
Program Content & Modules
Effective Oil & Gas Joint Interest Accounting Skills
Business Aspects of Joint Interest Accounting
Strategic Objectives from Joint Interest Accounting
Regulatory and Legal Aspects
Contractual Aspects of Joint Interest Accounting
Typical Contract Provisions Related to Joint Interest Accounting
Contractual Responsibilities and Liabilities for Accuracy in Joint Interest Accounting
Risks in Joint Interest Accounting
Joint Interest Processes
Managing the Joint Interest Processes
Accounting, Allocating & Distribution of Production & Sales Volumes
Well or Measurement Point Level Accounting & Reconciliation
Producing Well Level Accounting
Tax Calculation & Taxable Production
Validating Procurement Contract Transactions
Validate Pricing, Sharing, Allowability, Non-Allowability
Reconcile the Accounts
Prior Period Adjustments (PPAs)
Manage Ownership Changes
Adjustments for Ongoing Changes
Auditing for Accuracy and Adequacy of Records
Systematic Reversing and Rebooking System
Horizontal Drilling, Unitization Accounting Changes
Revenue Allocation to Account for Comingling
Managing Cash Flows & Distributions
Joint Interest Billing (JIB)- Drilling, Pipelines
Lease Operating Statements (LOS)
Cost Center Allocations for Overhead Equipment
Accounting for General Overheads
Authorization for Expenditures (AFE) System
Managing Authorization for Expenditures
Cost Center Accounting (Each Department of Business Unit)
Program Recommendations
Personalized Post Program Joint Interest Accounting Improvement Outline Action Plan Outline
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