Accounting For Joint Venture (JV) and Production Sharing Contract (PSC) In Oil and Gas Sectors” (Upstream)
By: DACA Consults Limited
Lagos State, Nigeria
Jul 12 - 15 Jul, 2013
The commercial and operational practices of the oil and gas industry pose unique challenges to accountants who need to operate under multiple reporting frameworks with conflicting accounting methods and with unique contractual arrangements such as Production Sharing Contracts (PSC) and Joint Venture (JV) arrangements. It is against this background that we have packaged this course which focuses on the accounting issues being faced by the upstream oil and gas industry. It considers the accounting and financial reporting implications of all the main transactions undertaken in the upstream business, including cost allocation and capitalization, revenue allocation and the accounting issues faced by joint venture operations and operators of concessions and PSCs. The course will cover both internal accounting issues and financial reporting under Nigerian GAAP and IFRS frameworks.
Venue: Airport Hotel, Awolowo Way, Ikeja, Lagos