Upstream Petroleum Accounting & Auditing: Policies and Procedures

Finance, Budgeting & Accounting
International Oil & Gas Supply, Trading & Pricing
Upstream Oil & Gas


This PetroDeep training course is designed to develop the essential skills necessary to prepare and evaluate Upstream Petroleum Accounts and to improve the organization’s internal audit function. It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) for the preparation of accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization. In addition, the development, monitoring and continued improvement of a highlyintegrated, internal audit function will aid continued financial success, stability and growth. This training course will highlight: • How to Prepare Financial Statements in line with IFRS • The latest international tools and techniques to develop skills of evaluation and performance measurement • The lessons to be learnt from an evaluation of leading international Upstream Petroleum companies • The different types of audit and the benefits to be obtained from each • Efficient Planning, Controlling and Recording of an audit assignment WHAT ARE THE GOALS? By the end of this training course, participants will be able to: • Develop an understanding of the accounting and auditing standards, policies and practices used by Upstream Petroleum companies • Improve relevance and reliability of financial reports to better meet the needs of users • Review and use publicly available information for benchmarking the business performance • Understand the role and function of an Internal Audit Department. • Understand audit risk and efficiently plan, control and record an audit assignment

Code Venue Fees ($) Dates
UP037 New York, U.S.A 6500 March 3, 2019 – March 7, 2019
UP037 Cairo, Egypt 3700 June 16, 2019 – June 20, 2019
UP037 Sharm El-Sheikh, Egypt 4000 December 8, 2019 – December 12, 2019

In-House
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