Revenue Accounting in Indonesian PSC and Other Fiscal Systems
Revenue Accounting in Indonesian PSC and Other Fiscal Systems September, 6 th – 8 th 201 7 – Bandung COURSE OBJECTIVES Revenue Accounting, it seems like a straight forward computation of product’s volume multiplied by its price. You will learn more about its complexity when you attend this course, as it involves the depth knowledge of the Production Sharing Contract. The inter relationship between price, volume and cost recovery which will affect both contractor’s and the host country’s entitlements, and you should know it to better plan your lifting ahead of time. Price changes will always put your company into dilemma, because when price increases, contractor’s entitlement goes the other way around or vice versa. Cost Oil versus Cost Gas is also another interesting thing to be understood. You will also want to know as to what types of fiscal systems that the other countries in the world use. Domestic Market Obligation is another area of cha