Euro Training Training Programs, Workshops and Professional Certifications

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2 Week Process Approach Training Home Page

Each program participant will get 1 year free individual license access to a Program Domain Specific AI System to Answer his job related queries
FJA580-2D
2 Week Online Instructor Lead Work Process Approach Training Training

Oil & Gas Joint Interest Accounting Skills

Building Process-by-Process Skills & Competencies in

  1. Revenue Accounting
  2. Joint Interest Billing Accounting
  3. Auditing Joint Interest Accounting
  4. Regulatory Filings
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2 Week Training Workshops

1 Week On-Line Training Programs
2nd & 4th Monday of Month



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What is Covered in this Program? ?

  1. This Joint Interest Accounting Professional 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.
  2. Attending and oaining this communicates demonstratable competency to perform the Joint Interest Accounting related job or assignment.
  3. This program provides the participant the necessary Joint Interest 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.
  4. Participants will learn to ensure the Revenue is Adequately Split between the parties, Royalties are Paid and Accounted for, and regulatory compliance is ensured.
  5. The program helps understand the Joint Interest Accounting Processes, helps gain the expertise to effectively and efficiently handle the unique accounting challenges, simplify the inherent complexities and enables protecting your organization's interests.
  6. Mistakes made in Joint Interest Accounting can cause your organization huge losses and claims of fraud and legal non-compliance.

Who should Attend?

  1. This program is intended for Joint Interest Accounting Professionals from all working interest partners and other stakeholders.
  2. This program is also intended for Joint Interest Accounting Managers, Coordinators, Auditors, Finance Professionals, Regulator Staff and External Auditors.

PROGRAM CONTENT

Oil & Gas Joint Interest Accounting Skills


  1. Business Aspects of Joint Interest Accounting
  2. Strategic Objectives from Joint Interest Accounting
  3. Regulatory and Legal Aspects
  4. Contractual Aspects of Joint Interest Accounting
  5. Typical Contract Provisions Related to Joint Interest Accounting
  6. Contractual Responsibilities and Liabilities for Accuracy in Joint Interest Accounting
  7. Risks in Joint Interest Accounting
  8. Joint Interest Processes
  9. Managing the Joint Interest Processes
  10. Accounting, Allocating & Distribution of Production & Sales Volumes
  11. Well or Measurement Point Level Accounting & Reconciliation
  12. Producing Well Level Accounting
  13. Tax Calculation & Taxable Production
  14. Validating Procurement Contract Transactions
  15. Validate Pricing, Sharing, Allowability, Non-Allowability
  16. Reconcile the Accounts
  17. Prior Period Adjustments (PPAs)
  18. Manage Ownership Changes
  19. Adjustments for Ongoing Changes
  20. Auditing for Accuracy and Adequacy of Records
  21. Systematic Reversing and Rebooking System
  22. Horizontal Drilling, Unitization Accounting Changes
  23. Revenue Allocation to Account for Comingling
  24. Managing Cash Flows & Distributions
  25. Joint Interest Billing (JIB)- Drilling, Pipelines
  26. Lease Operating Statements (LOS)
  27. Cost Center Allocations for Overhead Equipment
  28. Accounting for General Overheads
  29. Authorization for Expenditures (AFE) System
  30. Managing Authorization for Expenditures
  31. Cost Center Accounting (Each Department of Business Unit)
  32. Auditing Oil & Gas Joint Interest Accounting
  33. Workshop 1
  34. Good Management Processes for Joint Interest Accounting Processes
  35. Benchmarked Worldwide Best Practices for Joint Interest Accounting Processes
  36. Deeper Insights into Joint Interest Accounting Processes Creating Professional Level Understanding
  37. Developing a Joint Interest Accounting Performance Evaluation System to know how well team is performing
  38. Developing Meaningful KPIs for Joint Interest Accounting Performance Reporting
  39. Workshop 2
  40. Building a Knowledge System to Empower Joint Interest Accounting Team
  41. Program Recommendations
  42. Detailed Personalized Post Program Joint Interest Accounting Improvement Action Plan

2 Week Training Workshop

Outcomes & Takeaways

Job Process Good & Best Practices Workshop Outcomes and Takeaways
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 2 Week Training Workshop participant will typically take away...
  1. Program related detailed knowhow, skills, competencies and process knowledge, and hands on practice on applying some of the key skills.
    This 2 week programs add depth to the program topics covered in the first week, by including additional discussions on (as applicable) Risks, Prioritization, Quality Assurance, Strategic Considerations, Process and Control Automations, Early Warning Systems, Performance Evaluation, Key Performance Indicators, Improvements, Benchmarking, Innovation, Disruptive Innovation, Risk Management, and Work Standardization.
    This program adds more case studies and hands on workshops to help apply what the participant has learnt during the program.
  2. Domain Knowledge, process knowledge, and hands on practice of decisions on actually job situations.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Detailed Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

  • Euro Training programs are different. They develop practical Job Skills.
    This program is designed to make the participant aware of the domain processes, multi-discipline skills and competencies related to his job responsibilities.
    Each program is customized and made useful for the particular participant group, our target is 90%+ topics directly applicable to the work today or in future.
    Benefits you may see in participant post program...
    • High level Job skills & competencies
    • Taking Initiative to Propose Improvements and help implement them
    • Build a Knowledge System for his Work Responsibility Area
  • Further, this program will Build Multi-Discipline Understanding, Skills and Competencies including (as relevant)...
    • Increased Technical and Process Knowhow
    • Awareness to the Need to align performance to the Needs and Expectations of Stakeholders/ Customers (internal & external)
    • Awareness of the Need to Align performance to Organizational Operational and Strategic Objectives.
    • Understanding Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
    • Awareness to consider for possible application the Best Benchmarked Domain Practices that can assist making Dramatic Process Improvements, including (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
  • This training can be used to build a pool of trained manpower for your organization. After this training, you can consider purchasing special instructor training materials to build Internal Training Capacity and leverage your participants as Instructors. When you buy the instructor training materials you get access to Online eResources for your participants for 1 year.
  • Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when applying the ideas, skills and competencies acquired during the training.

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The detailed action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the 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.
    This program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to understand how to make a leadership contribution in your work area, team, or organization.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Analyze Value Engineering Opportunities, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, Consider Data Analytic Opportunities, Be mindful of Artificial Intelligence Opportunities, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, Consider need to perform Internal Training or Mentoring, Consider need for Setting-up an Internal Employee Certification System .... (and more multi-discipline aspects).

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Registration & Fee Information (2 Week Workshops)

  1. Fee information is also available at: PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead or company email), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • 2 week (80 hrs) Process-by-Process ONLINE Training Fee : $4,500.
    Fee includes 1 year Free Access to Program Related Ai System.
  4. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  5. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  6. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  7. Each program Undergoes Customization to Better Meet Participant Present and Future Job and 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 using an official email account. Provisionsl registration request, when confirmed by Ai Knowledge Systems, will reserve a seat for you for 14 days. After our Confirmation 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 Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.
  10. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed otherwise by us.

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Why Euro Training USA Limited?

  1. We are your dependable source for Ai Knowhow and Human Resource Development for your Business Unit.
  2. When you are looking for Job Related Understanding, Ai Leveraging Opportunities, Practical Understanding, Strategic View, Operational Excellence, Customer Focus these Training Programs from Euro Training should be your First Choice!!
  3. We are also No. 1 in Incorporating Latest Technologies, Good & Best Management Practices in Our Training Programs!!

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Based on Program Duration

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Euro Training USA Limited

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