IFRS for Oil & Gas, Application of Key Standards and Updates, Johannesburg, South Africa, October 2011

The commercial and operational practices of the oil and gas industry pose unique challenges to accountants operating under the IFRS framework. These challenges include accounting for exploration and evaluation activities, joint venture arrangements and production sharing agreements, decommissioning costs, use of hedge accounting and the disclosure of reserves information.

NEOEDGE is bringing to you another of our premier course “IFRS for Oil & Gas, Application of Key Standards & Update” to be held in Johannesburg, South Africa from 03 to 06 October 2011.

Led by a World-class IFRS Expert & Trainer:

Alan Mayo, Director, Maltway Ltd, UK

Almost thirty years most successful professional experience

Co-founded the client training business of PwC London

This workshop focuses on those areas of most concern to the oil and gas industry. It highlights the approach to take when setting accounting policies in the absence of specific guidance within IFRS, looks at the issues in applying standards to oil and gas transactions and the accounting choices available to companies in the sector.

Specific areas treated include:

• Property, plant and equipment

• Intangibles and in particular exploration and evaluation activities

• Oil and gas reserves

• The challenges posed by impairment reviews

• Provisions, particularly decommissioning costs

• Joint venture and production sharing agreements

• Financial instruments and application of hedge accounting treatments

IFRS is constantly evolving, and the course is kept up to date with the latest Standards and Interpretations and includes sections that look at proposed and forthcoming developments.

Click here for online registration.

Click here for a quick view of the programme.

Seats are limited! To secure your seats or for more information, call us today at +65 6557 9183 or email us at rilla.eas@neo-edge.com.