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SAP and Joint Venture Accounting, Oil and Gas Accounting Joint Venture Agreement Accounting SAP Payment Terms Subsea Equipment Seminar or Course

By: HRODC Postgraduate Training Institute

South Africa

13 - 24 Nov, 2017  12 days

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GBP 10,000

By the conclusion of the specified learning and development activities, delegates will be able to demonstrate a heightened understanding of the following concepts and issues:

Part 1:

  • Sales and accounts receivables   
  • how to raise a sales invoice
  • Mapping correct accounts to sales invoice
  • Component of oil and gas sales:  price, quantity.
  • Managing accounts receivable
  • Customer data base maintenance
  • aging analysis
  • Approval lines for sales invoices:  issuer, authorizer.

Part 2:

  • Purchases and accounts payable    
  • Contract set up in sap: including contract terms, rates, taxes.
  • map purchase orders to contracts
  • Purchase order approval process in SAP
  • map purchase order to cost ledger accounts
  • Set up payment terms in sap
  • System to prompt for payment run.

Part 3: 

  • Fixed asset accounting  
  • Set up fixed asset parameters for:  exploration wells;  appraisal wells;  development wells,  subsea equipment’s, flow lines, moveable assets
  • Determine asset classes: sub - classes, asset description.
  • Set up depreciation parameters:  straight-line, UOP, reducing balance.
  • Run monthly depreciation testing;
  • Maintain an asset register on sap.

Part 4:

  • Project accounting  
  • Cost centre, resource codes set up
  • Map GL accounts to cost centre and resource codes
  • GL accounts to roll up to correct cost headings
  • Map cost centres and/or resource codes to projects
  • Identifying all project costs via cost centres or resource codes
  • Report generation along project lines
  • Generate profit and loss account by projects
  • Set up project reports that can be understood by project managers.

Part 5:

  • Joint venture accounting   
  • Cut back process
  • Partners share
  • billable and recoverable
  • Authorisation for expenditure (AFE)
  • Billable and non-recoverable
  • Non-billable and non-recoverable
  • Exclusive
  • implementing joint venture accounting agreements within the sap system
  • Account reconciliation
  • Joint venture reports.
Durban, South Africa Nov 13 - 24 Nov, 2017
GBP 10,000.00 + 500.00 (VAT)(The course cost does not include living accommodation. However, delegates are treated with the following: Continuous snacks throughout the Event Days; Hot Lunch on Event Days; City Tour; Hand-outs; Stationery. We offer very attractive discount for groups)
(Convert Currency)

+44 7736147507; +44 1902 763607; +44 2071935906; +

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