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Audio version brochure
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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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

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