The complexity of the oil and gas industries frequently results in projects being undertaken by joint ventures, alliances and other strategic groupings. Forming a successful alliance, whatever its format, is a complex process requiring a high degree of experience and expertise. This course explains the nature and form of joint ventures and summarises the requirements of IAS 31 Interests in Joint Ventures and the relevant requirements under US and UK GAAP.

This programme also covers a number of issues regarding the relationships between operators and non-operators in joint ventures, the financing of joint venture operations and the reporting of joint costs. Our expert instructors also describe internal accounting for the costs and revenues from joint operations from the individual participant’s point-of-view. The programme includes an overview of the Joint Arrangements exposure draft issued by the IASB in September 2007, for which a final standard is expected in the second half of 2008.

This program will be of most benefit to energy industry professionals who are currently working in the accounts department of the oil and gas industry or require additional knowledge in Joint Venture Accounting in the Oil and Gas industry.

Accra: 09 – 13 Jan, 03 – 07 April, 17 – 21 July, 16 – 20 Oct 2024

Dubai: 16 – 20 Jan      10 – 14 April   24 – 28 July     23 – 27 Oct 2024

Texas: On Request