Ai Knowledge Systems
Each program participant will get 1 year free individual license access to a Program Domain Specific AI System to Answer his job related queries
ACT800-1D
1 Week Training Program
PSAs Oil & Gas Accounting Skills
Building Skills in
Effective Production Sharing Contract PSA Accounting
Compliance with Applicable Policy, IAS and IFRS
Oil & Gas Accounting Good & Best Practices
Acquisition, Exploration & Development Costing
Production Sharing & Costing Accounting Processes
Allocation Accounting Good & Best Benchmarked Practices
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What is Covered in this Training Program?
This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
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.
This PSA Oil & Gas Accounting Skills Training Program 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.
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.
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.
This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
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.
This PSA Oil & Gas Accounting Skills Training Program 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.
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.
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.
Who Should Attend?
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.
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
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.
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
Program Content & Modules
PSAs Oil & Gas Accounting Skills
Business Aspects of PSA Accounting
Business Aspects of PSA Commercial Management
Helpful Oil & Gas Technology for Accounting & Finance Professionals
Helpful Oil & Gas Processes for Accounting & Finance Professionals
Introduction to PSA Oil & Gas Accounting
Overview of Purchase and Sale Agreements (PSA)
Key Concepts in Oil & Gas Accounting
Understanding Upstream, Midstream, and Downstream Operations
Exploring Reserves, Production, and Revenue Recognition
Regulatory Framework and Accounting Standards in Oil & Gas
PSA Types and Structures
Differentiating Between Various PSA Types (Fixed Price, Cost Sharing, etc.)
Exploring Common Components of PSA Agreements
Overview of Joint Operating Agreements (JOA) and Farm-Out Agreements
PSA Accounting Fundamentals
PSA Accounting Principles
Accrual vs. Cash Basis Accounting for PSAs
Revenue Recognition Methods and Timing
Cost Allocation and Depletion in PSA Accounting
PSA Revenue Recognition
Determining When to Recognize Revenue
Allocating Revenue Among PSA Participants
Handling Royalties, Bonuses, and Production Sharing
PSA Cost Accounting
Identifying Direct and Indirect Costs
Cost Allocation Methods and Principles
Depletion, Depreciation, and Amortization (DD&A) Calculation
Complex PSA Scenarios
PSA Joint Interest Accounting
Program Recommendations
Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Outline Action Plan
1 Week Training Program
Outcomes & Takeaways
Outcomes and Takeaways Overview
Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
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)
Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 1 Week Training Program participant will typically take away...
Program related knowhow, skills, competencies and process knowledge.
This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
Domain Knowledge and process knowledge.
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 Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.
Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
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)
Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
Program related knowhow, skills, competencies and process knowledge.
This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
Domain Knowledge and process knowledge.
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 Outline 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...Inclination to Recognize his stakeholders, and their needs & expectations. He will also get understanding of how to analyze to find ways to exceed customer expectations and delight the customers.
High level Job skills & competencies
Taking Initiative to Propose Improvements in 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.
Type of improvements the participant will be trained to analyze and implement include (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
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
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.
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.
You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
The outline 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.
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, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).
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.
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.
You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
The outline 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.
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, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).
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Registration & Fee Information
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Fee information is also available at:
PROGRAM-FEE-PAGE
Special Discounts May be Available Please email scholarships@eurotraining.com.
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To register please send us an official letter confirming registration (on organizational letterhead or company email), or, send us a completed registration form above.
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- Fees are Payable by Bank Transfer or Bank Draft.
Program Fee for 1 Week (5 day/40 hrs) Training Program is:
(1) At USA, Dubai, Kuwait, New Delhi, Qatar USD $5,500 per participant.
(2) At London, Europe, Malaysia, Singapore USD $6,050 per participant.
(3) If Attending Online Training Fee is USD $2,500 per participant.
Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
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.
All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
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.
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.
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.
Program Fee for 1 Week (5 day/40 hrs) Training Program is:
(1) At USA, Dubai, Kuwait, New Delhi, Qatar USD $5,500 per participant.
(2) At London, Europe, Malaysia, Singapore USD $6,050 per participant.
(3) If Attending Online Training Fee is USD $2,500 per participant.
Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
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.
All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
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.
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.
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.
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