This course will help:
- Understand the impact of IFRS on various items of fi nancial statements by offering detailed
practical examples relevant to the oil and gas Industry
- Assess the impact of new IFRS 9, 10, 11, 12 , and 13 and gain thorough hands-on through
transition case studies \
- Identify the accounting policies best suited to your company
- Review disclosure requirements with practical insight into real life disclosures
Course Overview
With the advent of IFRS, it has become critical to
understand the impact of various provisions of IFRS
on accounting reports of companies in the oil and
gas sector. There are few other industries which are
as complex, competitive, and entwined with the
economy as the oil and gas.
This course will take you through, in detail, various policy
and implementation issues involving typical transactions
in oil and gas sector and how IFRS affects them. Much
beyond a generic course on IFRS, this sector specific
course introduces you to issues which are typical to
the sector and are not covered in a generic course.
The scope of the course is wide – encompassing issues
involving fixed assets, leases, inventories, financial
instruments, etc. It also includes the impact of latest IFRS
releases IFRS 10, 11, 12, and 13 in addition to discussion
paper on extractive industries.
Designed and delivered by authors of a bestselling
book on IFRS, whose training are well acclaimed and
widely appreciated, this course brings to you a unique
opportunity to be exposed to a rare combination of
understanding and practice wherein the knowledge
you acquire will find immediate application in your work
place. It includes a special section on issues involving
first time transition and selection of accounting policies
and disclosures.