Upstream Petroleum Accounting
The Upstream Petroleum Accounting course is a specialized program designed to provide professionals with advanced knowledge and skills in accounting practices specific to the upstream segment of the petroleum industry.
- Course Schedule
Classroom Sessions:
| Date | Venue | Price |
|---|
25 - 29 Nov 2025
Doha - Qatar
$ 5,950
25 - 29 Nov 2025
Online
$ 3,950
26 - 30 Aug 2025
Doha - Qatar
$ 5,950
- Course Description
INTRODUCTION
The Upstream Petroleum Accounting course is a specialized program designed to provide professionals with advanced knowledge and skills in accounting practices specific to the upstream segment of the petroleum industry. This course emphasizes the strategic use of data to navigate complex financial transactions, comply with industry regulations, and ensure accurate financial reporting in upstream petroleum operations.
WHY IT MATTERS
Data plays a pivotal role in upstream petroleum accounting, influencing financial decision-making processes, reserve assessments, and compliance reporting. This course underscores the strategic importance of leveraging data to track production costs, assess reserves, and make informed financial decisions. Utilizing data-driven approaches allows professionals to enhance financial accuracy, comply with accounting standards, and contribute to the financial success of upstream petroleum operations.
OBJECTIVES
- Provide participants with advanced knowledge of upstream petroleum accounting principles.
- Emphasize the strategic role of data in decision-making throughout the upstream accounting processes.
- Equip participants with skills for financial reporting, cost analysis, and reserve assessments.
- Foster an understanding of industry regulations, compliance, and financial risk management.
- Prepare participants to contribute to the financial success of upstream petroleum operations through effective accounting practices.
WHO SHOULD ATTEND ?
This course is suitable for professionals working in the finance, accounting, and operations departments of upstream petroleum companies, including:
- Petroleum Accountants
- Financial Analysts
- Cost Accountants
- Finance Managers
- Internal and External Auditors
- Regulatory Compliance Professionals
- Anyone seeking advanced knowledge in upstream petroleum accounting
- Course Outline
DAY 1
Introduction to Upstream Petroleum Accounting
- Introduction to Upstream Petroleum Accounting
- The Role of Data in Accounting Decision-Making
- Financial Reporting Standards in the Petroleum Industry
DAY 2
Cost Accounting and Budgeting in Upstream Operations
- Cost Accounting and Budgeting in Upstream Operations
- Utilizing Data for Production Cost Analysis
- Reserve Assessments and Reporting
DAY 3
Revenue Recognition and Royalty Calculations
- Revenue Recognition and Royalty Calculations
- Data-Driven Approaches to Risk Management
- Compliance with Industry Regulations
DAY 4
Joint Venture Accounting in Upstream Operations
- Joint Venture Accounting in Upstream Operations
- Technology and Innovation in Petroleum Accounting
- Case Studies: Successful Upstream Petroleum Accounting Practices
DAY 5
Emerging Trends in Upstream Petroleum Accounting
- Emerging Trends in Upstream Petroleum Accounting
- Capstone Project: Implementing an Upstream Petroleum Accounting Plan
- Course Recap and Certification
- Options & Brochure