Accounts Payable, Receivable, and Material Control Accounting in Oil and Gas Upstream Operation

-


Accounts Payable, Accounts Receivable, and Material Control Accounting in Oil and Gas Upstream Operation
August 12th-14th, 2015 - Yogyakarta




This three-day intensive and practical program is designed  to enhance participants knowledge of understanding the transaction, process, report and daily practices of  Accounts payable, Accounts Receivable and Material Control Accounting. Particular emphasis will be placed on the structure and mechanism of the transaction and report to each respective areas and participants will be encouraged to have a strong understanding by actively involved during the discussion so that they can apply back in their workplace.

Course Objective
  • Familiarize with key transaction, techniques, practices, and terminology of accounts payable, accounts receivable and material control accounting practices.
  • The knowledge advancement by of essential accounts payable, accounts receivable and material control accounting applied concept.
  • Learn how to apply the concepts and techniques that will impact your productivity and effectiveness in your daily works in those areas.

Benefits

Benefits for attending the course:
  • Understand the day-to-day operation of Accounts Payable, Accounts Receivable, and control related to Material Accounting.
  • Learn how to process invoices, so the payment to vendors could be executed as scheduled to enhance company's cash flow without degrading company's reputation.
  • Learn how to administer, to collect and control the company's receivable.
  • Learn how to administer and control the usage of materials to support the operation.

Who Should Attend
 Accountants, Supervisors, Auditors, Planning & Budgeting Staffs, Business Support Staffs, Exploration and Operation Staffs, and Other professional wish to refresh and extend their knowledge and skills in those areas.

Course Content

Accounts Payable
  • Invoice processing
  • Commitment Control/Retention
  • Prepaid for Fuel Purchase
  • Reconciliation


Accounts Receivable
  • Back Charges to Third Parties
  • Employee Expense Account
  • Receivables from Partners
  • Prepaid Expenses
  • Aging Analysis
  • VAT Invoices
  • Deposit
  • Write Off
  • Reconciliation


Material Control
  • General
  • Inventory costing methods
  • Material Transfers
  • Physical Inventory
  • Reconciliation
  • Reports
  • Write Off

Comments

Post a Comment

Popular posts from this blog

Joint Operations, A Way of Sharing Risks & Reward in Petroleum’s E & P Segment

-
Image
Joint Operations, A Way of Sharing Risks & Reward in Petroleum’s E & P Segment Instructor: Mr. Jimmy Karnadi August  28 th – 30 th 2013 – Tentrem Hotel Yogyakarta   COURSE OBJECTIVES Operating in oil and gas industries, for sure it is understandable by every body that it involves capital intensive, yet the success ratio in these industries is very low. In an attempt to minimize risks and at the same time to gather the needed capital which the E & P companies should spend, they form Joint Operation to achieve their aims. To enable to operate, do proper recording and make correct reporting of your company, either as an operator or non operator as the case may be for your company, each of you should know the basic legal form of the Joint Venture Agreement, Joint Operating Agreement, Accounting Procedure and any other matters that your company has entered an agreement into. Your company may enter into various Joint Venture Agreements, through Far
Read more

HSE /K3LL ( Keselamatan, Kesehatan Kerja & Lindungan Lingkungan) Internal Audit

-
Image
HSE /K3LL ( Kes e lamatan, Kesehatan Kerja & Lindungan Lingkungan )   Internal Audit                         7-9 October 2015 – Yogyakarta Undang-undang no 1 tahun 1970 tentang keselamatan kerja mensyaratkan diterapkannya Sistem Manajemen Keselamatan dan Kesehatan Kerja. Dalam hal ini, perusahaan menerapkan Panitia Pembina Keselamatan dan Kesehatan Kerja (P2K3), sesuai dengan Peraturan Menteri No Per-04/MEN/1987 tentang Panitia Pembina Keselamatan dan Kesehatan Kerja serta Tata Cara Penunjukan Ahli Keselamatan Kerja. Meskipun pelaksanaan Sistem Manajemen K3LL / HSE   di perusahaan menjadi tanggung jawab P2K3, akan tetapi peran pekerja dalam menerapkan kaidah-kaidah Keselamatan dan Kesehatan Kerja juga sangat penting. Dalam rangka meningkatkan kompetensi, pemahaman dan pengetahuan perusahaan Saudara tentang   Sistem Manajemen Keselamatan dan Kesehatan Kerja (OHSAS18001:2007), dan   ISO 14001:2004   mencakup 3 hal pokok yaitu: pemenuhan peraturan perundang-und
Read more

BUDGETING AND REPORTING CONCEPTS for JOINT COOPERATION CONTRACT

-
Image
Budgeting and Reporting ConCEPTS  for JOINT COOPERATION CONTRACT (KKS) “ POD, WP&B, FQR, AFE, COR AFE, PIS, and PPP ” 12- 14 Agustus 2020 - Royal Ambarrukmo Hotel Yogyakarta     PENDAHULUAN Bentuk Production Sharing Contract (PSC) memberikan akses untuk melakukan kegiatan eksplorasi dan pengembangan industri hulu minyak dan gas bumi (migas), yang ditandai dengan pembagian produksi migas sebagai hasil kerjasama antara investor ("Kontraktor") dengan Pemerintah sebagai pemegang hak atas tambang migas ( mineral right ). Proyek eksplorasi dan pengembangan industri hulu migas ditandai oleh modal investasi sangat besar, tenggang waktu panjang, dengan informasi wilayah kerja tidak lengkap . Untuk memenuhi kondisi tersebut, diperlukan suatu prespektif keekonomian yang terkait dengan Plan of Development (POD).   POD merupakan kata kunci usaha di bidang hulu migas yang padat modal, berteknologi tinggi dan beresiko besar, sehingga perencanaan pengembangan lapangan
Read more