IFRS Accounting for the Oil and Gas Sector

1. Learn the terminology and appreciate the financial reporting considerations in IFRS financial statements of oil and gas 2. companies 3. Interpret and apply relevant accounting policies and standards (IFRS 6 Exploration for and Evaluation of Mineral 4. Resources, IAS 16 Property, Plant and Equipment, IAS 38 Intangible Assets, IAS 36 Impairment of Assets), including 5. analysis of issues in exploration, drilling, development and production stages 6. Apply the key accounting principles in IFRS 15 Revenue, IFRS 16 Leases and those in relation to hedge accounting in 7. IFRS 9 Financial Instruments 8. Review the accounting for joint arrangements, production sharing contracts and conveyances 9. Examine the disclosures in financial statements including those relating to reserve data and supplemental disclosures 10. Evaluate and interpret IFRS financial statements of oil and gas companies

1. Module 1: Introduction 2. Module 2: IFRS Fundamentals for Oil and Gas and Accounting Issues in Exploration 3. Module 3: Development and Production 4. Module 4: Leases 5. Module 5: Impairment of Non-Financial Assets 6. Module 6: Revenue Recognition 7. Module 7: Joint Arrangements and Accounting for 8. Module 8: Financial Risk Management 9. Module 9: Reserves Reporting