Upstream Petroleum Accounting To Enhance COST Awareness in Performing Tasks FOR NON ACCOUNTANT
Upstream
Petroleum Accounting To Enhance COST Awareness in Performing Tasks FOR NON
ACCOUNTANT
December, 11th -
13th 2013, Tentrem Hotel
Yogyakarta
Course Objectives
·
To explain and describe the essentials aspect of accounting
in upstream petroleum operation
·
To explain comprehensively what is cost related to
upstream petroleum operation
·
To learn how to calculate Depreciation, Depletion
and Amortization of Capital Assets
This course is
designed for those interested in learning about accounting aspects of upstream
petroleum operation as an additional working knowledge to support his or her
assignments. Concepts and theory are presented in such a way that will invite
participants to be actively involved in the discussions. The presentation of
related cases and discussion of current issues are intended to help
participants in turning the theory into practical knowledge.
Course Content
1.
Introduction to Petroleum Accounting
·
Generally Accepted Accounting
Principles
·
Historical Cost Accounting Methods
·
Successful Efforts Accounting
·
Full Cost Accounting
2.
Non Drilling Exploration Costs
·
G&G Costs
·
Carrying and Retaining Costs
·
Test Well Contributions
·
Support Equipment and Facilities
3.
Exploratory and Development Drilling Costs –
Successful Effort
·
Well Classification
·
Exploratory Drilling Costs
·
Development Drilling Costs
·
AFE and Drilling Contract
·
Workovers and Other Drilling Operation
·
Additional Development Costs
·
Suspended Well Costs
·
Interest Capitalization
4.
Proved Property Cost Disposition- Successful Effort
·
Amortization
·
Abandonment or Retirement
·
Impairment
5.
Full
Cost Accounting
·
Disposition of Capital Costs
·
Interest Capitalization
·
Ceiling of Capital Costs
6.
Accounting for Production Activities
·
Accounting Treatment
·
Accumulation and Allocation of Costs
·
Individual Production Costs
·
Project Analysis and Investment Decision
7.
General Discussion of Current Issues
Training Method
- Presentations, active participation through group discussions
- Highly interactive lecture
- Experiential learning
Target Participants
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