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

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