Introduction
Today, in the Oil & Gas industry there is an increased need and importance for performance measurement, auditing and reporting. The need to prepare, use and critically evaluate information on upstream, midstream & downstream oil & gas activities, applying specialist industry knowledge and relevant analytical skills, is supplemented by the need for an in-depth knowledge of the international ISO management system standards on quality (ISO 9001:2015), environment (ISO 14001:2015) and occupational health and safety (ISO 45001:2018).
This QMS Audit and IFRS for Oil & Gas Industry training course develops an essential understanding of oil & gas accounting, reporting and performance measurement issues and practice and provides a detailed understanding of how to undertake system audits both of supplier companies and your own organisation. The emphasis on the results of auditing will be a focus for delegates to assist their own organisations in achieving improved performance in their businesses in the three given areas of quality, environment and health and safety, leading to improved profitability.
Duration
10 Days
Who Should Attend
Course Outline
Quality Management System (QMS) Audit
Audit Preparation and Setup
Conducting an Internal Audit
Preparing Audit Report
Review of Internal Audit Process & Assessment
International Financial Reporting Standards (IFRS) for the Oil & Gas Industry
Major Accounting Issues facing the Oil & Gas and Petrochemical Industry
(Upstream, Midstream & Downstream) and the Role of IFRS
Accounting for Assets in the Oil & Gas and Petrochemical Industry
(Upstream, Midstream & Downstream)
Accounting for Business Combinations, Joint Ventures & Production Sharing Agreements (“PSA”s)
Accounting for Cash Flow & Financial Instruments in the Oil & Gas and Petrochemical Industry
(Upstream, Midstream & Downstream)
Creative Accounting and Corporate Governance
We are proud to offer this course in a variety of training formats to suit your needs.
Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.
Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.
Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.