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HRODC Postgraduate Training Institute, A Postgraduate-Only Institution, is Registered with the UK Register of Learning Providers (UKRLP), of the Department for Business Innovation and Skills (BIS), formerly Department for Innovation, Universities and Skills (DIUS). Its Registration Number is: 10019585 and it can be Verified at: http://www.ukrlp.co.uk/. It is also registered with the UK Government’s Skills Funding Agency’s (SFA) Register of Training Organisations. Established in 1996, it is a Division of Human Resource and Organisational Development Consultancy (HRODC) Limited, which is registered in England, UK, with Registration #6088763 and V.A.T. Registration No. 895 876 538. Professor Dr. Ronald B. Crawford, who is its Director, is a Doctor of Philosophy (PhD), from University of London; holding: MEd. Management from University of Bath; Advanced Diploma in Science Teacher Education, from University of Bristol; with a Diploma in Doctoral Research Supervision, from University of Wolverhampton; Postgraduate Certificate in Information Systems, from Thames Valley University. He is a: Fellow of the Institute of Management Specialists; Human Resources Specialist, of the Institute of Management Specialists; Member of Academy of Management (MAoM), within the following Management Disciplines: Human Resources; Organization and Management Theory; Organization Development and Change; Research Methods; Conflict Management; Organizational Behavior; Management Consulting; Gender & Diversity in Organizations; and Critical Management Studies; Member of the Asian Academy of Management (MAAM); Member of the International Society of Gesture Studies (MISGS); Member of the Standing Council for Organisational Symbolism (MSCOS); Life Member, Education Studies Association of Nigeria (LESAN); Life Member, Malaysian Institute of Human Resource Management (LMIHRM); Member of ResearchGate Community; Member of Convocation University of London; Professor HRODC Postgraduate Training Institute. His former University Roles include: Lecturer, London South Bank University; Research and Business Tutor, Royal Holloway, University of London; Senior Lecturer, University of Wolverhampton Business School; Senior Lecturer, University of Greenwich Business School. Click for Our YouTube Channel.

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Accounting: Adv Oil & Gas, Full-Time Postgraduate Diploma

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Programme Number 163 - Advanced Oil and Gas Accounting: International Petroleum Accounting, Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} or Full-Time {6 Months (2-2.5 Days -15 Hours) per Week} Programme, Leading to Postgraduate Diploma in Advanced Oil and Gas Accounting: International Petroleum Accounting. Contents include Programme contents include Origin of Petroleum, Anticline, Exploration methods and procedures, 3-D Seismic, 4-D Seismic, Mineral Interests, Mineral Rights,  Mineral Interests, Fee Interests, Overriding Royalty Interests (ORI), Retained ORI production payment Interest (PPI), Dutch Carved-out Production Payment, Carved-out Net Profits Interest, Working Interest, Oil, Gas and Mineral Lease Provisions, Lease bonuses, Royalty Provision, Primary Term, Delay Rental Payment, Shut-In Payment, Right to Assign Interest, Right to free use of resources for lease operations, Option payment, Offset Clause, Oil and Gas Drilling Operations, BOP (blowout preventer), Bottom-hole pressure, Bottom-hole pump, Drill string, Rat hole, Mouse hole, Drilling platform, Drilling rig, Proved area, Drill stem test, Derek and Derek Hands, Cracking, Field, Christmas tree, Sedimentary rock, Seismic exploration, Development well Flowing well, Injection well, Offset well, Stratigraphic Well.  

 

Programme Number 163 - Advanced Oil and Gas Accounting: International Petroleum Accounting, Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} or Full-Time {6 Months (2-2.5 Days -15 Hours) per Week} Programme, Leading to Postgraduate Diploma in Advanced Oil and Gas Accounting: International Petroleum Accounting. Click to download the PDF Brochure for this Course.

 

Course Co-ordinator:

Professor Dr.  Crawford - Director of HRODC Ltd. and Director of HRODC Postgraduate Training Institute, A Postgraduate-Only Institution. He has the following Qualifications and Affiliations:

*        Doctor of Philosophy {(PhD) (University of London)};

*       MEd. Management (University of Bath);

*       Advanced Dip. Science Teacher Education (University of Bristol);

*       Postgraduate Certificate in Information Systems (University of West London - formerly Thames Valley University);

*       Diploma in Doctoral Research Supervision, (University of Wolverhampton);

*       Teaching Certificate;

*       Fellow of the Institute of Management Specialists;

*       Human Resources Specialist, of the Institute of Management Specialists;

*       Member of Academy of Management (MAoM), within the following Management Disciplines:

*   Human Resources;

*   Organization and Management Theory;

*   Organization Development and Change;

*   Research Methods;

*   Conflict Management;

*   Organizational Behavior;

*   Management Consulting;

*   Gender & Diversity in Organizations; and

*   Critical Management Studies.

*       Member of the Asian Academy of Management (MAAM);

*       Member of the International Society of Gesture Studies (MISGS);

*       Member of the Standing Council for Organisational Symbolism (MSCOS);

*       Life Member of Malaysian Institute of Human Resource Management (LMIHRM);

*       Member of ResearchGate Community;

*       Member of Convocation, University of London;

*       Professor HRODC Postgraduate Training Institute.

 

For Whom This Programme is Designed

While Petroleum – Oil and Gas – Exploration, Development and Production appear to be at their peak in a number of countries, there are others where they are at the growth stage, some such as Uganda, are still at the exploration stage, with development, and subsequent production, expected to commence within the next few months. While Shale Gas Exploration is in its advanced stage in the UK, its Development and Production have achieved economic prominence in countries such as Algeria, Argentina, Australia, Brazil, Canada (which has also been expanding it Oil Sands Production), China, Indonesia, Mexico, Russia, South Africa, and United States.

This Programme seeks to equip students with a Postgraduate Diploma, which will greatly enhance their employability and career advancement within the International Petroleum – Oil and Gas – Industry. The 3 Months Intensive Full-Time Programme leads to a Postgraduate Diploma in Advanced Oil and Gas Accounting: International Petroleum Accounting, with Progression to MSc Advanced Oil and Gas Accounting: International Petroleum Accounting. This Postgraduate Diploma Programme is, therefore, designed for:

  •  Aspirants to employment within the International Petroleum – Oil and Gas – Industry;

  • Asset Accountants;

  • Chief Accountants;

  • Chief Executives;

  • Cost Accountants;

  • Drilling & Refinery Managers;

  • Energy Ministry Personnel;

  • Engineers;

  • Finance Directors;

  • Finance Managers;

  • Financial Accountants;

  • Financial Analysts;

  • Financial Controllers;

  • Geologist;

  • Government Ministers;

  • Government Regulators;

  • Internal and External Auditors;

  • International Petroleum – Oil and Gas – Workers seeking to enhance their career prospects within the industry;

  • Joint Venture Accountants;

  • Legal Personnel interested in developing expertise in Mineral Rights, Lease, Contracts and related aspects of International Petroleum – Oil and Gas – Operation

  • Management Accountants;

  • Management Accountants;

  • Managing Directors;

  • Marketing & Sales Directors & Managers;

  • New Graduates seeking a Career Focus;

  • Oil and Gas Accountants desirous of acquiring expertise in Full Cost Accounting

  • and Successful Efforts Accounting Methods;

  • Petroleum Department Personnel;

  • Public Accountants;

  • Revenue and Custom Representatives;

  • Treasury Officers;

  • Venture Capitalists;

  • Others interested in the operation of the Oil and Gas Industry, its regulation;

  • exploration, production, and accounting systems.

 Programme Duration:

Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} or

Full-Time {6 Months (2-2.5 Days -15 Hours) per Week} Programme

 

Cost: £45,000.00 Per Student                       

 

The programme cost does not include living accommodation. However, students and delegates are treated to the following:

  • Free Continuous snacks throughout the Event Days;  

  • Free Hot Lunch on Event Days;                           

  • Free City Tour;             

  • Free Stationery;                               

  • Free On-site Internet Access;

  • HRODC Postgraduate Training Institute’s   Diploma – Postgraduate; or

  • Certificate of Attendance and Participation – if unsuccessful on resit.

 

HRODC Postgraduate Training Institute’s Complimentary Products include:

  • HRODC Postgraduate Training Institute’s Leather Conference Folder;

  • HRODC Postgraduate Training Institute’s Leather Conference Ring Binder/ Writing Pad;

  • HRODC Postgraduate Training Institute’s Key Ring/ Chain;

  • HRODC Postgraduate Training Institute’s Leather Conference (Computer – Phone) Bag – Black or Brown;

  • HRODC Postgraduate Training Institute’s 8GB USB Flash Memory Drive, with Course/ Programme Material;

  • HRODC Postgraduate Training Institute’s Metal Pen;

  • HRODC Postgraduate Training Institute’s Polo Shirt.

 

Please Note:          

Ø  V.A.T. (Government Tax) does not apply to Corporate Sponsored Individuals, taking Programmes or Courses in any location - within or outside the UK.

Ø  It applies only to Individuals and Corporations based in the UK and to Non-UK Individual Residents taking courses in the UK.

 

Location:  Central London and International Locations

  

 Click to Book this Programme

 

Programme for Advanced Oil and Gas Accounting: International Petroleum Accounting

Leading to Postgraduate Diploma   in Advanced Oil and Gas Accounting: International Petroleum Accounting

Number

Module Title

Credit Value

036

Upstream Oil and Gas Accounting and Contracts: Oil and Gas Operation, Mineral Rights, Leases and Successful Efforts Accounting

Single

046

Advanced Oil and Gas Accounting: International Petroleum Accounting (1)

Single

047

Advanced Oil and Gas Accounting: International Petroleum Accounting (2)

Single

048

Advanced Oil and Gas Accounting: International Petroleum Accounting (3)

Single

107

SAP and Joint Venture Accounting

Double

161

International Oil and Gas Industry : Strategic and Financial Management

Quad

162

Oil Price Determinants: Setting the Price of Oil in Today’s Market

Double

 

Programme Objectives

 

By the conclusion of the specified learning and development activities, delegates will be able to:

(M1)

  •  Demonstrate an understanding of the oil and gas industrial and the activities of each subsector;

  •  Demonstrate an awareness of the salient issues associated with the development of the United States   oil and gas industry, as a mark car to International oil and gas exploration developments and it mining  operations;

  •   Address the geological issues relating to the origin, exploration and production of oil and gas;

  •   Outline the methods of production, employed in the oil and gas industry;

  •  Describe the methods of exploration generally used within the oil and gas industry;

  •  Explain the contractual issues that are associated with oil, gas and mineral lease;

  •  Address problems and issues associated with upstream oil and gas operation;

  • Outliner the role of finance and accounting in an Oil and Gas Organisations;

  • Demonstrate an appreciation of financial reporting policies and practices applicable in Oil and Gas Industry;

  • Distinguish between the different types of wells;

  • Distinguish between natural and artificial lifts, in oil and gas production;

  • Demonstrate a working knowledge of Amortization, with particular reference to the oil and gas industry;

  • Work through examples of Amortization of exploration and development costs of proved developed reserves;

  • Accurately account for ‘Disposition’ of capitalized costs, in reference to the impairment of unproved properties;

  • Appropriately address Disposition of capitalized costs from the surrender or abandonment of property;

  • Distinguish between 3D and 4D Seismic;

  • Explain, with examples, Overriding Royalty Interests (ORI);

  • Distinguish between Mineral Rights, Mineral Interests and Fee Interests;

  • Discuss, with examples, the benefits and drawbacks of nonworking interest;

  • Distinguish between Non-drilling and Drilling Costs;

  • Appropriately apportion costs to non-drilling and drilling operations, respectively;

  • Explain the basic principles of Successful Efforts Accounting in Oil and Gas;

  • Demonstrate mastery of the concepts and issues associated with exploration and drilling operation; and

  • Explain, with minor omissions, the processes involved in oil and gas acquisition, exploration and mining.

 

(M2)

  • Demonstrate a heightened understanding of the differing levels of Financial Reporting Regulation and Standardization, as they apply to Oil and Gas Accounting;

  • Demonstrate a heightened understanding of salient accounting concepts and governance

  • Demonstrate a heightened understanding of the differing levels of regulation and standardization applied to Oil and Gas accounting;

  • Deconstruct the role of finance and accounting in an Oil and Gas Organisation;

  • Exhibit a heightened understanding of the requirements of International Financial Reporting Standards;

  • Demonstrate a heightened ability to analyse their company’s performance, as an oil and gas player or regulator;

  • Demonstrate their ability to determine the extent to which financial measurement techniques such as full cost, successful efforts and reserve recognition can be used to evaluate oil and gas producing operations;

  • Exhibit their ability to utilise Advanced Financial Measurement Techniques such as full cost, successful efforts and reserve recognition are used to evaluate oil and gas producing operations;

  • Exhibit their ability to manage risk effectively in oil and gas project contracts, averting pitfalls of key contractual clauses;

  • Demonstrate the most appropriate contract formulation for Take-or-pay thresholds, accounting, transportation agreements, tariffs, reserving pipeline capacity, respectively;

  • Determine the roles and interplay of the Governments of territories containing hydrocarbon reserves, National Oil Companies, International Oil Companies, the Major Product Suppliers, the Engineering & Contracting Companies and the Service Companies,

  • Suggest the principal standard form contracts used in the industry including the North Sea LOGIC/CRINE standard form contracts and the Association of Independent Petroleum Negotiators (AIPN) standard form contracts;

  • Explain the international dispute resolution framework and institutions in the context of expert decisions, mediation arbitration and litigation.

(M3)

  • Determine to what entity is SFAS 143 applicable;

  • Identify the results of legally enforceable obligations;

  • Site examples of AROs where the company is normally legally obligated;

  • Know what should be considered in identifying obligating events that require recognition of an asset retirement obligation;

  • Determine the effect of initial recognition of asset retirement obligation liability;

  • Learn that ARO must be initially measured based on fair value in compliance with SFAS No. 143;

  • Distinguish the traditional approach from Expected cash Flow Approach;

  • Define a credit-adjusted risk-free rate;

  • Explain the concept of market risk premium;

  • Find out when companies should recognise the changes in the liability for the retirement asset obligation resulting from the passage of time or revision to either the timing or the amount of the original estimated future cash flows;

  • Discuss how the changes in the asset retirement obligation due to the passage of time should be measured;

  • Learn how accretion expense is computed through the interest method of allocation.

  • Know when loss or gain recognised upon settlement of ARO;

  • Determine how changes due to revised estimates of the amount or timing of the original undiscounted cash flows are recognised;

  • Know how frequently an ARO should be assessed to determine whether a change in the estimate of the ARO is necessary;

  • Determine the effects of the existence of a fund or provision of assurance by a firm that it will be able to satisfy its asset retirement obligations;

  • Explain conditional AROs;

  • Identify what must be disclosed by a company reporting a liability for its asset retirement obligations;

  • Determine the applicability of SFAS No. 144;

  • Classify assets according to its group;

  • Define “impairment” in accordance with SFAS no. 144 definition;

  • Determine whether a long-lived asset to be held and used is impaired and explain the three-step approach to recognise and measure an impairment loss;

  • Cite circumstances that may trigger impairment testing;

  • Know when a company is requires to test long-lived asset for recoverability;

  • Establish how impairment is measured;

  • Ascertain the accounting and reporting requirements related to long-lived assets that are to be disposed of either by sale, abandonment or exchange for other productive assets;

  • Determine when long-lived assets to be sold are still classified as “held for sale”;

  • Determine inclusions in the term” component of an entity” in relation to disposal group;

  • Define the following concepts:

  • API gravity

  • BS & W

  • Btu

  • Casing head gas

  • Casing head gas.

  • City gate

  • Commingled gas.

  • Dissolved gas

  • Field facility

  • Gas balancing agreement

  • Gas settlement statement

  • Gauging

  • Heater-treater

  • LACT unit

  • Local distribution company (LDC)

  • Mcf

  • Natural gas

  • Non-associated gas

  • Tapping

  • Thief

  • Tank strapping

  • Separator

  • Explain the importance of the measuring process to the accountants;

  • Identify the process in measuring crude oil;

  • Recognise the importance of run ticket calculation and describe the process used to complete a run ticket determine a net volume from a tank run;

  • Determine the changes in crude oil marketing and differentiate the marketing adopted in the past with the present;

  • Distinguish the process involved in natural gas measurement from oil measurement;

  • Know the present method of selling natural gas as distinguish from the method employed in the past;

  • View an example of division contract;

  • Determine the correct division of the revenue from sale of oil and gas among owners of economic interest according to the ownership interest shown on the division order;

  • Be familiar with the process involved in unitization of properties;

  • Determine who is responsible for paying the severance taxes, the royalty owners and other owners of economic interest;

  • Give the step-by-step process in recording oil revenue;

  • Cite the usual reason of producing companies for exchanging crude oil;

  • Know the importance of converting gas measurements to MMBtu and to Mcf for purposes of recording gas revenue;

  • Ascertain the appropriate thing to do to allow venting or flaring of gas;

  • Determine the condition required to allow selling of unprocessed natural gas;

  • Discuss the procedures involved in natural gas processing;

  • Know the importance of gas storage;

  • Find out the requirement of contracts with take-or-pay provisions;

  • Know when revenue of crude oil and natural gas sales should be recognised;

  • Know when, who and how payments to royalty owners and other owners of economic interest are made;

  • Discuss about gas imbalances;

  • Differentiate produces gas imbalances from pipeline gas imbalances;

  • Discern how oil and gas are allocated;

  • Determine what causes payment of minimum royalty;

  • Enumerate the different nondrilling costs;

  • Know the accounting treatment for acquisition costs;

  • Know the tax treatment of costs related to drilling operations;

  • Specify some typical lease and well equipment;

  • Categorise the revenue arising from the production and sale of oil and gas products;

  • Identify the two important expenses connected with lifting and treating the oil and gas and differentiate one from the other;

  • Enumerate the situations under which losses from unproductive property may be taken for tax purposes;

  • Discuss the concept of percentage depletion and give the circumastance under which it is allowed;

  • Determine what areas of oil and gas are applicable to “property”;

  • Know what IDCs are recaptured as ordinary income;

  • Know how acquisition costs should be treated;

  • Know how revenue by a lessor as his share of production is treated;

  • Cite the importance of joint operations in oil and gas exploration and production;

  • Identify the different types of contracts that may be involved in joint operations;

  • View a model form of operating agreement;

  • Define the following terms used in the contract that are frequently subject to questions or interpretation:

  • Affiliate

  • Agreement

  • Controllable Material

  • Equalized Freight

  • Excluded Amount

  • Field Office

  • First level Supervision

  • Joint Account

  • Joint Operations

  • Joint property

  • Laws

  • Material

  • Non-Operators

  • Offshore Facilities

  • Off-site

  • On-site

  • Operator

  • Parties

  • Participating Interest

  • Participating party

  • Personal expenses

  • Railway receiving point

  • Shore base facility

  • Supply store

  • Technical Services

  • Identify the inclusions in statement and billings to be provided by the operator to all nonoperators;

  • Explain “cash calls” or advanced payment by the nonoperators;

  • Determine the period adjustments to billing or cash advance may be made;

  • Determine the period when expenditure audits may be allowed;

  • Explain the provision on approvals of parties;

  • Explain the necessity of allocations in the course of joint operations;

  • Discuss the following costs that are normally treated as direct costs in various COPAS accounting procedures:

  • Rentals and royalties

  • Labour

  • Material

  • Transportation

  • Services

  • Equipment and facilities furnished by operator

  • Affiliates

  • Damages and losses to joint property

  • Legal Expense

  • Taxes and permits

  • Insurance

  • Communications

  • Ecological, Environmental, and Safety

  • Abandonment and reclamation

  • Other expenditure

  • Enumerate the three types of overhead (Indirect Cost);

  • Differentiate the two methods of computing overhead – Fixed rate or percentages basis;

  • Differentiate construction overhead form catastrophe overhead;

  • Discuss the pricing of joint account material purchases, transfer and dispositions.

  • Explain the different special pricing provisions;

  • Know the importance of maintaining a detailed record of controllable materials and the conduct of regular physical inventories;

  • Determine the situation when special inventory is required;

  • Identify the different direct charges for purposes of joint interest accounting;

  • Explain how proportionate consolidation methods in joint ventures are done, through:

  • Booking charges to the joint account: accumulation of joint costs in operator’s regular account

  • Booking charges to the joint account: distribution of joint costs as incurred;

  • Know what triggers the occurrence of nonconsent operations; and

  • Determine how materials purchased are charged.

 

(M4)

  • Determine the three (3) basic methods of conveying mineral interest;

  • Distinguish between operating (working) interests and nonoperating (nonworking) interests;

  • Differentiate basic working interest and joint working interest;

  • Define Basic Royalty Interest (RI), Royalty Interest (ORI), Production Payment Interest (PPI) and Net Profits Interest;

  • Summarise the conveyance rules contained in SFAS No. 19;

  • Cite the requirements of SFAS No. 153 for “Exchanges of Nonmonetary Assets”;

  • Identify the transactions considered as farm-out;

  • Define the terms farm-in and farm-out;

  • Discuss the concept of farms-in/farms-out with a reversionary working interest;

  • Specify the accounting treatment for a free well arrangement;

  • Determine under what situation sole risk arises;

  • Identify who is considered as a carried interest or carried party in a sole risk;

  • Describe a situation considered as a joint venture under paragraph 47e of SFAS No. 19;

  • State the effect of pooling and unitization;

  • Distinguish pooling from unitization;

  • Give the purpose of unitization;

  • Compute barrels for payout, proved reserves and proved developed reserves;

  • Determine what are involved in the sale of oil and gas property;

  • Summarise the accounting treatment of the sales of oil and gas properties;

  • Discuss the accounting treatment of a sale of the entire interest in an unproved property;

  • Specify the special accounting treatment given to sales of partial interest in an unproved property;

  • Know when loss and gain are recognised in sales of an entire interests in a proved property;

  • Give an example illustrating the accounting procedure for proved property sales;

  • Indicate the accounting treatment for sales of partial interest in proves property;

  • Know how loss or gain is determined when the entire working interest in a proved property is sold and a nonworking interest is retained;

  • Explain how production payment interest is created;

  • Discuss the accounting treatment for retained production payment;

  • Know what the seller and buyer must do when the retained production payment is reasonably assured;

  • Know how the conveyance is treated in case the retained production payment is not reasonably assured;

  • Cite the effect of curved-out production payment to the working interest owner;

  • Specify the concept of carved-out production payment payable in money;

  • Discuss the concept of carved-out production payments payable in product or volumetric production payment;

  • Compare the treatment of conveyances under successful efforts and full cost accounting;

  • Identify the companies required to present disclosures under SFAS No. 69 and discuss the applicable rules in such disclosure;

  • Identify the test in determining whether an enterprise is having significant oil and gas producing activities for purposes of the application of the disclosure requirement;

  • Enumerate the information required to be disclosed by publicly traded companies in their annual financial statements;

  • Distinguish between deterministic and probabilistic reserve estimation methodology;

  • Identify the type of reserve that may be reported under SFAS No. 69;

  • Define the term “reserve”;

  • Compare developed proved reserve and undeveloped proved reserve;

  • Explain why SFAS required the use of year-end price in estimating reserve;

  • State the purpose of reserve quantity disclosure;

  • Determine how and what are included in the disclosure of capitalised cost relating to oil and gas producing activities;

  • Cite the importance of disclosing information about property acquisition, exploration and development activities;

  • Give the relevance of the disclosure of the results of operations for oil and gas producing activities;

  • Explain the concept of Standardised Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserve Quantities;

  • Enumerate the sources of change required to be reportedly separately if individually significant;

  • Analyse the reason for changes under the following:

  • Sales and transfers

  • Extensions, discoveries, and improved recovery

  • Estimated future development costs

  • Development costs incurred during the period that reduce future development costs

  • Revision Quantity

  • Accretion of discount;

  • Give examples of payment considered as fiscal system;

  • Explain concessionary system and give the obligations and rights of parties therein;

  • Identify the owner of the tile the oil or gas under the concessionary system;

  • Identify the parties in a concessionary agreement;

  • Determine the extent of the participation if the government in concessionary agreements;

  • Describe the applicable rules under the contractual system;

  • Identify the role of the government in a contractual system;

  • Know what triggered the existence of production sharing contract (PSC);

  • Specify the common feature of concessionary agreements and PSC;

  • Define a signing or signature bonus and production bonus;

  • Explain why the inclusion of royalty provision is considered as an interesting feature of production sharing contracts;

  •  Know how some PSC’s allowed the government to participate in oil and gas projects;

  • Enumerate the information required to be specified under the contract relative to cost recovery;

  • Enumerate the common order of cost recovery;

  • Explain what constitute profit oil or profit gas;

  • Explain capital uplifts, ringfencing, domestic market obligation and royalty holidays and tax holidays;

  • Distinguish between risk service contracts and nonrisk service contracts;

  • View a model form of international joint operating agreement;

  • Differentiate recoverable and non-recoverable costs;

  • Differentiate financial accounting and contract accounting;

  • Enumerate the issues to be resolved to compute entitlement reserves;

  • State the importance of reporting the company’s net prove reserves separately;

  • Explain the relevance of International Financial Reporting Standards (IFRS) in addressing accounting issues in the upstream oil and gas industry;

  • Give the difference between the financial statements of an oil and gas industry with the other industries;

  • Identify the primary source of data necessary to compute most of the ratios unique to oil and gas companies;

  • Cite the different purposes in evaluating financial statements and other reports;

  • Determine the relevance of benchmarking in the oil and gas industry;

  • Specify the functions of reserve replacement ratio;

  • Specify the function of reserve life ratio;

  • Define gross wells and net wells;

  • Determine the use of ratio of net wells to gross wells;

  • Know how average reserves per well ratio evaluate a company’s future profitability;

  • Compute the daily production per well;

  • Identify the basis of reserve cost ration;

  • Determine what makes calculating and using the finding cots per BOE (based on energy content) ratio difficult;

  • Know the basic formula for computing BOE;

  • Distinguish DD&A from lifting costs;

  • Be familiar with the formula for computing value of proved reserve additions per BOE;

  • Know the importance for maximising the value added ratio;

  • Enumerate the different ratios that are frequently used in the financial statement analysis;

  • Determine the formula for the following:

  • Current ratio

  • Quick ratio

  • Working capital

  • Debt to stockholders equity

  • Debt to assets

  • Times interest earned

  • Net income to sales

  • Return on stockholder’s equity

  • Return on assets

  • Cash flow from operations to sales

  • Price/earnings ratio

  • Price/cash flow ration

  •  

  • (M6)

  • Understand the operations of the Oil and Gas Industry in international perspective;

  • Understanding Oil and Gas Reserves;

  • Analyse the current status of oil and gas industry in the global economy in the following aspects:

  • Oil and Gas Supply;

  • Industry Financial Performance;

  • The Role of Organization of Petroleum Exporting Countries (OPEC);

  • The Resource Curse;

  • Players in the oil and gas industry;

  • International Oil Companies (IOCs);

  • National Oil Companies (NOCs);

  • The Strategic Goals of IOCs and NOCs;

  • Independents;

  • Other Firms;

  • Outline the Oil and Gas Industry Value Chain;

  • Distinguish upstream, midstream and downstream oil and gas company;

  • Determine some effective Business Strategy adopted by the oil and gas sectors;

  • Know how the oil and gas industry has evolved over the years;

  • Specify the innovation introduced in the oil and gas sector and the technology utilised therein;

  • Explain the concept of mergers and acquisitions in the oil and gas industry;

  • Name some industry substitutes and alternative fuels used in the industry;

  • See the future of the global oil and gas industry;

  • Specify the role and value of oil and gas in terms of national security and national wealth;

  • Determine the interest of the Government and Corporation in the oil and gas companies;

  • Discover how National Oil Companies (NOCs) had evolved;

  • Establish the relationship between NOC and IOC;

  • List the Strategic Interest of IOCs and NOCs;

  • Understand the founding principles, market share and emerging strategy of the Organization of Petroleum Exporting Countries (OPEC);

  • Discuss the issue regarding curse of oil;

  • Identify the countries afflicted by the curse;

  • Explain the economics of the curse of oil;

  • Suggest ways to avoid the curse of oil;

  • Analyse the domestic politics of oil and gas;

  • Learn how Project Opportunities are developed, particularly in terms of:

  • Project Evaluation Process;

  • Project Life-Cycle Reviews;

  • Explain the concept of joint development in the oil and gas industry;

  • Perform project financial and risk analysis;

  • Enumerate the steps involved in project execution;

  • Learn how to handle contractor relationships;

  • Know the interrelated nature between Contractor Relationships and Supply Chain;

  • List the types of contractor relationships;

  • Learn how to attain a successful contractor relationships in terms of:

  • Evaluating the Environmental Impact;

  • Assessing the Socioeconomic Impact;

  • Managing Safety;

  • Learn how to deal with problems in project development and suggest ways to avoid or resolve them;

  • Define the reproduction costs and production cost as used in the upstream oil and gas company;

  • Determine the accounting process employed for upstream costs;

  • Explain the concepts of ED&P and the Cost of Business;

  • Analyse the performance and the strategies employed by oil and gas companies to gain competitive advantage;

  • Understand the following terms in oil economics:

  • Break-Even;

  • Multiple Products;

  • Working Interest;

  • Taxes;

  • Valuing Production on a Per Barrel Basis;

  • Discuss strategic cost management in the oil and gas industry;

  • Discuss the concept of field reinvestment and renewal, specifically in terms of:

  • Production Enhancement;

  • Enhanced Recovery Costs;

  • Mature Field Valuation;

  • Continuous Learning.

  • Learn how to manage contractor supply chain;

  • Determine the bargaining power available to the contractor;

  • Learn how to deal with joint venture conflict and suggest ways to avoid or resolve them;

  • Learn how operated-by-others projects are managed;

  • Understand learning and knowledge sharing in joint ventures;

  • Know how to manage political risk;

  • Determine the technology innovations in the upstream oil and gas industry;

  • Explain the innovations in technology and cost control;

  • Identify the Chevron cost control;

  • Learn how to develop agreements relevant to oil and gas projects;

  • Find out how the right to develop a project is achieved;

  • Determine the petroleum fiscal regimes;

  • Define, Explain and give the importance of the following added contractual features:

  • Signature Bonuses;

  • Domestic Market Obligations;

  • Investment Uplifts;

  • Stabilization Clause;

  • Name the Top-Line Risks in the petroleum industry;

  • Relate the evolution of PSA;

  • Identify the fiscal regime in the oil and gas sector;

  • List some government and policy changes relative to the oil and gas industry;

  • Learn the following aspects of Business Financing in the oil and gas industry:

  • Basic Balance Sheet;

  • Managerial Balance Sheet;

  • Funding the Firm;

  • Revenue and Earnings;

  • Financial Performance;

  • Performance and Creditworthiness;

  • Windfall Profit;

  • Be familiar with the following capital sourcing for the oil and gas industry:

  • Corporate Finance;

  • Public Equity;

  • Private Equity;

  • Venture Capital;

  • Debt;

  • Project Finance;

  • Multilateral Lending;

  • State Interest;

  • Oil Loans;

  • Petroleum Finance.

  • Differentiate E&P firms from downstream oil and gas;

  • Explain the concept of ruminations on valuation;

  • Know the chemistry and form of natural gas;

  • Demonstrate a heightened understanding about natural gas reserves, fields and production;

  • Identify the use of natural gas and its markets;

  • Learn the fundamentals gas pricing;

  • Know how gas and oil are traded and marketed;

  •  Establish the gas-to-oil linkage;

  • Learn about the integrated LNG project;

  • Determine how LNG is priced and marketed;

  • Discuss about LNG break-even;

  • Analyse some LNG case study;

  • Be familiar with the concept of Gas to Liquids (GTL);

  • Be knowledgeable about the demand, supply and transportation costs of crude oil;

  • Summarise the history of crude price;

  • Describe the two crude price eras;

  • Establish the link between crude oil and commodity;

  • Learn the Benchmarking strategies of crude oil producer company;

  • Know how the price of Crude Oil is determined and the transactions involved;

  • Discover how oil and gas are transported;

  • Understand the gathering systems, construction and operation of pipeline;

  • Relate the brief history of oil tankers;

  • Describe the evolution of tanker design;

  • Find out how oil tankers shift the competitive balance;

  • Describe the modern supertanker;

  • Specify the governing rules and policy in chartering a vessel;

  • View an example of shipping contracts;

  • Know the present tanker charter rates;

  • Identify the role, duties and responsibilities of tanker operators;

  • Name some Environmental Risk posed by the transportation of gas;

  • Describe the downstream transportation;

  • Understand the concept of global refining;

  • Enumerate the Refining Process and state what happen in each stage;

  • Demonstrate a heightened understanding about the refinery product mix;

  • Learn how to Refining margins and profitability;

  • Ascertain how petroleum products are sold and marketed through the different channels;

  • Know where gasoline at a particular station comes from;

  • Understand fuel standards and specifications;

  • Name some OIC (Oil Major) in fuels marketing;

  • Ascertain the determinants for the retail price of motor fuels;

  • Know what influence zone pricing;

  • Enumerate the important factors in the retail price of motor fuels;

  • Explain the price elasticity of motor fuels;

  • Describe how motor fuel prices are politicized;

  • Learn about aviation fuel, lubricants, fuel oils for heating and power generation and asphalt and propane;

  • See the overview of chemical industry;

  • Learn about petrochemical production;

  • Identify some commodity and specialty chemicals;

  • Describe the structure of oil and gas industry;

  • Determine the profitability aspect of the oil and gas industry;

  • Explain the concept of peak oil demand, crude oil, shift to gas and shale gas;

  • Identify the substitute products and renewable/alternative energy;

  • See the growing demand for energy;

  • Evaluate the present status of price, supply and demand volatility;

  • Establish the link between global market and pricing for natural gas;

  • Determine the persons involved in the oil and gas industry and their strategies in the following areas:

  • Environment;

  • Downstream and Chemicals;

  • Refining and Fuels Marketing;

  • Availability of Capital;

  • Deepwater Horizon Oil Spill;

  • Safety and Environment;

  • Talent Shortage.

  • Determine the future of oil and gas firms; and

  • Enumerate the powers of national companies.

(M7)

  • Explain the provisions of World Energy Policy.

  • Determine the causes and effects of the financial crisis in the oil market.

  • Distinguish between fundamentals and financial speculation.

  • Ascertain the present demand and supply of gasoline and gasoil.

  • Wti – brent differential

  • Learn about the oil monopoly and the two crises in the 1970s.

  • Determine the reason and the effect of the gradual disappearance of OPEC.

  • Discuss about the price war.

  • Relate the significant occurrences from the introduction of brent as an international benchmark to the clean air act.

  • Describe the start of the free market and its effect to the oil and gas industry.

  • Identify the consequences of the environmental turnaround

  • Relate how the environmental demand for gasoline evolved.

  • Be knowledgeable about gasoline and its components.

  • Explain the process of reforming, cracking, alkylation and isomerisation.

  • Identify the problems and difficulties faced by the refiners.

  • Gain information about the fiscal policy of the industrialized countries regarding fuels.

  • Determine the significant transformations in the downstream.

  • Discuss about the world supply structure.

  • Outline the classical model of the international oil market.

  • Outline the short-term model of the international oil market.

  • Analyse the Brent market in terms of:

  • The sale and purchase contract

  • The forward market for Brent (15 day brent contract)

  • The IPE Brent market

  • The divorce between oil price and oil

  • Explain the concept of tax spinning.

  • Learn how benchmarking is performed and identify its importance.

  • Discuss about hedging the price risks.

  • Discuss the different speculations on operational flexibilities at loading and give your opinion about these speculations.

  • Distinguish between contango and backwardation market structure.

  • Outline the procedures at the loading terminals.

  • Learn how to deal with the problems of the Brent forward market.

  • Find out the causes of the crisis in European refinery.

 Programme Number 163 - Advanced Oil and Gas Accounting: International Petroleum Accounting, Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} or Full-Time {6 Months (2-2.5 Days -15 Hours) per Week} Programme, Leading to Postgraduate Diploma in Advanced Oil and Gas Accounting: International Petroleum Accounting. Click to download the PDF Brochure for this Course.

Programme Contents, Concepts and Issues

 

Module 1

Upstream Oil and Gas Accounting and Contracts: Oil and Gas Operation, Mineral Rights, Leases and Successful Efforts Accounting

 

Part 1: Upstream Oil and Gas Operations
  • Introducing the Oil And Gas Industry

  • Brief History of the U.S. Oil and Gas Industry

  • Origin of Petroleum

  • Anticline

  • Exploration methods and procedures

  • 3-D Seismic

  • 4-D Seismic

  • Acquisition  of mineral interests in property

  •  Mineral Rights

  •  Mineral Interests

  • Fee Interests

  • Overriding Royalty Interests (ORI)

  • Retained ORI production payment Interest (PPI)

  • Dutch Carved-out production payment

  • Carved-out net profits interest  created from working interest

  • Net profits interest created from mineral interest

  • Oil, Gas and Mineral Lease Provisions

  • Lease bonuses

  • Royalty provision

  • Primary term

  • Delay Rental Payment

  • Shut-In payment

  • Right to Assign Interest

  • Right to free use of resources for lease operations

  • Option payment

  • Offset Clause

  • Addressing problems and issues associated with upstream oil and gas operation

 

Part 2: Introduction to Oil and Gas Accounting (1)

  • Oil and Gas Drilling Operations

  • BOP (blowout preventer)

  • Bottom-hole pressure

  • Bottom-hole pump

  • Drill string

  • Rat hole

  • Mouse hole

  • Drilling platform

  • Drilling rig

  • Proved area

  • Drill stem test

  • Derek and Derek Hands

  • Cracking

  • Field

  • Christmas tree

  • Sedimentary rock

  • Seismic exploration

  • Development well Flowing well

  • Injection well

  • Offset well

  • Stratigraphic Well

 

Part 3: Introduction to Oil and Gas Accounting (2)

  • Stratigraphic Test Well  or Exploratory well

  • Service well

  • Dry hole

  • Dual completion

  • Dry natural gas
    natural and artificial lifts

  • Oil and Gas production and Sales

  • Some State and US Federal Oil and Gas Drilling Regulation

  • Maximum Efficiency Drilling Rate (MER)

  • The Concept of Peak Oil

  • Historical cost accounting methods

  • Historical Development of accounting methods and current status

  • Introduction to successful efforts accounting

  • Chart accounts for successful efforts company

  • Oil and Gas subsectors – Upstream, Mid-Stream and Downstream

  • Horizontal, Vertical and Full Integration within the Oil and Gas Industry.

  • Addressing Problems associated with Oil and Gas Accounting

 

 

Part 4: Nondrilling Exploration Costs – Successful Efforts

  • Introduction to Full Cost (FC) Accounting

  • Distinguishing between Non-drilling and Drilling Costs

  • Cost of Identifying areas that might warrant exploration

  • Cost of topographical, geological and geophysical studies

  • Cost of carrying and retaining undeveloped properties

  • Dry hole contribution

  • Cost of drilling and equipping exploratory well

  • Cost of drilling exploratory type Stratigraphic test well

  • Successful Efforts– Exploration Cost

  • Accounts for a full cost company

  • G&G costs

  • Reconnaissance survey

  • Detailed Survey

  • Shooting Rights

  • Obtaining G & G Permits

  • Exchanging C & G Studies for Property Interest

 

 

Part 5: Acquisition Costs of Unproved Property – Successful Efforts

  • Carrying and retaining costs

  • Delayed Rental Property Taxes

  • Legal cost for title defense

  • Clerical and record-keeping costs

  •  Test-well contributions

  • Dry hole contribution

  • Bottom-hole contribution

  • Support equipment and facilities

  • Problems

  • Offshore and International operations

  •  Purchase in fee (Fee Purchase)

  •  Internal costs

  •  Options to lease

  •  Delinquent taxes and mortgage payment

 

 

Part 6: Acquisition Costs of Unproved Property – Successful Efforts

 

  • Successful Efforts Acquisition Costs

  • Internal Costs

  • Options to lease

  • Delinquent tax and Mortgage Payments

  • Top Leasing

  • Amortization

  • Amortization of exploration and development costs of proved developed reserves

  • Impairment

  • Disposition of  capitalized costs – impairment of unproved properties

  • Disposition of  capitalized costs – surrender or abandonment of property

  • Post balance sheet events

  • Disposition of capitalized costs – reclassification of an unproved property

  • Land department

  • Addressing Issues and Problems in unproved property acquisition costs

 

Module 2

Advanced Oil and Gas Accounting: International Petroleum Accounting (1)

 

Part 1: Accounting Concepts

  • The Money Measurement Concept

  • The Entity Concept

  • The Going Concern Concept

  • The Dual Aspect Concept

  • The Accounting Period Concept

  • Materiality (Proportionality) Concept

  • The Conservatism Concept

  • Consistency Concept

  • The Realization Concept

  • The Matching Concept

  • The Cost Concept

 

 

Part 2: Financial Governance and Standardization Institutions

 

  • Financial Accounting Standard Board (FASB)

  • The Security and Exchange Commission (SEC).

  • Accounting Standards Board (ASB)

  • International Accounting Standards Committee (IASC)

  • International Accounting Standards Committee Foundation (IASCF)

  • International Financial Reporting Standards  (IFRS)

  • Industry Specific Oil and Gas Accounting Standards

  • Generally Acceptable Accounting Principles (GAAP) for Oil and Gas Producing Activities

  • Oil Industry Accounting Committee (OIAC)

 

 

Part 3: Drilling Development Costs – Successful Efforts
  •  Income tax accounting for drilling costs

  • IDC vs. Equipment

  • Intangible Drilling  Costs (IDC)

  • Up to an including the installation of Christmas Tree

  • Prior to Drilling

  • G & G

  • Preparation of Site

  • During Drilling

  • Drilling contractor’s charges

  • Drilling mud, chemicals, cement, supplies

  • Fuel

  • Wages

  • Well testing

  • At Target depth and during completion

  • Well testing

  • Perforating and cementing

  • Swabbing, acidizing and fracturing

  • Labour related to the installation of subsurface equipment

  • Plugging and abandoning cost – for dry wells

  • After Christmas tree – following completion

  • Removal of Drilling Rig

  • Restoration of land and damages paid to surface owner

  • Wells other than Exploration and development Wells

  • Intangible costs for extending well (see lists 1 & 2, above)

  • Intangible costs incurred in drilling water supply and injection wells

  • Intangible costs incurred in drilling water and injection – where water well is being used to for exploration and development well or for injection.

  • Financial accounting for drilling and development costs

  • Well classification

  • Exploratory well

  • Service well

  • Stratigraphic test well

  • Proved developed oil and gas reserves

  • Proved undeveloped reserves

  • Successful Efforts, exploration costs

  •  Exploratory drilling costs

  •  Development drilling costs

  •  Stratigraphic test wells

  •  AFE’s and drilling contracts

  •  Special drilling operations and problems

  •  Workovers

  •  Damaged or lost equipment  and materials

  •  Fishing and side tracking

  • Abandonment of portions of wells

  • Additional development costs

  • Development costs

  • Costs of gaining access and preparing well location for drilling

  • Costs of drill and equip development well, development-type Stratigraphic test well

  • Cost of acquiring , constructing and installing production facilities, e.g. lease 

  • Support equipment and facilities

  •  Drilling and development seismic

  • Post-balance sheet events

  • Accounting for suspended well costs

  • Interest capitalization

  • Offshore and international operations

  • Problems and Issues Associated with Successful Efforts Accounting for Drilling Development Cost

 

Part 4: Proved Property Cost Disposition – Successful Efforts

 

  • Costs of Property

  • Cost of lease and well equipment

  • Cost disposition through amortization

  • Reserves owned or entitled to

  • DD&A calculation

  • DD&A on a field-wide basis

  • DD&A when oil and gas reserve are produced jointly

  • Estimated future dismantlement, site restoration, and abandonment costs

  • Exclusion of costs or reserves

  • Depreciation of support  equipment and facilities

  • Cost disposition – nonworking interests

  • Revision of DD&A rates

  • Cost disposition through abandonment or retirement of proved property

  • Successful efforts impairment

  • Problems

 

Part 5: Full Cost Accounting

 

  • Principles of Full Cost Oil and Gas Accounting

  • Disposition of capitalized costs

  • Inclusion of estimated future development expenditures

  • Inclusion of estimated future decommissioning costs

  • Exclusions of costs

  • Impairment of unproved properties costs

  • Abandonment of properties

  • Reclassification of properties

  • Support equipment and facilities

  • DDA&A under successful efforts versus full cost

  • Reserves in place – purchase

  • Interest capitalization

  • Limitation on capitalized costs – a ceiling

  • Asset retirement obligations

  • Deferred taxes

  • Income tax effects

  • Assessment of the ceiling test

  • SFAS No. 144 and Full Cost Ceiling Cost

  • Post-balance sheet events and the ceiling test

  • Problems and Issues associated with Full Cost Accounting

 

Part 6: Accounting For Production Activities (1)

 

  • Accounting treatment

  • Cost of production versus inventory

  • Recognition of inventories

  • Lower-of-cost-or-market valuation

  • Accumulation and allocation of costs

  • Individual production costs

  • Secondary and Tertiary recovery

  • Gathering systems

  • Saltwater disposal systems

  • Tubular goods

  • Severance taxes

 

Part 7: Accounting For Production Activities (2)

 

  • Production cost statements

  • Joint interest operations

  • Decision to complete a well

  • Project analysis and investment decision making

  • Payback method

  • Accounting rate of return

  • Net present value method

  • Internal rate of return

  • Profitability index

  • Problems and Issues associated with Accounting For Production Activities

 

 

Module 3

Advanced Oil and Gas Accounting: International Petroleum Accounting (2)

 

Part 1: Accounting For Asset Retirement Obligations and Asset Impairment
  •  Accounting For Asset Retirement Obligations

  • Scope Of SFAS No. 143

  • Legally Enforceable Obligations

  • Obligating Event

  • Asset Recognition

  • Initial Measurement – Fair Value

  • Traditional Approach

  • Expected Cash Flow Approach

  • Credit-Adjusted Risk-Free Rate

  • Market Risk Premiums

  • Subsequent Recognition and Measurement

  • Changes Due to the Passage of Time

  • Interest Method of Allocation

  • Funding and Assurance Provisions

  • Gain or Loss Recognition Upon Settlement

  • Changes Due to the Revisions in Estimates

  • Reassessment

  • Funding And Assurance Provision

  • Conditional AROs

  • Reporting And Disclosures

  • Accounting for the Impairment and Disposal of Long-Lived Assets

  • Scope

  • Asset Groups

  • Long-Lived Assets to be Held and Used

  • Indications of Impairment

  • Testing For Recoverability

  • Measuring Impairment

  • Long-Lived Assets To Be Disposed of:

  • Long-Lived Assets To Be Disposed of Other Than by Sale

  • Long-Lived Assets To Be Disposed of By Sale

  • Disposal Groups

  • Impairment For Full Cost Companies

  • Problems and Exercises Associated With Accounting for Asset Retirement Obligations and Asset Impairment

 

Part 2: Accounting For Revenue from Oil and Gas Sales
  • Definitions

  • API Gravity

  • BS & W

  • Btu.

  • Casing Head Gas

  • Casing Head Gas.

  • City Gate

  • Commingled Gas.

  • Dissolved Gas

  • Field Facility

  • Gas Balancing Agreement

  • Gas Settlement Statement

  • Gauging

  • Heater-Treater

  • LACT Unit

  • Local Distribution Company (LDC).

  • Mcf

  • Natural Gas

  • Non-Associated Gas

  • Tapping

  • Thief

  • Tank Strapping

  • Separator

  • Measurements and Sale of Oil and Natural Gas

  • Crude Oil Measurement

  • Run Ticket Calculation

  • Crude Oil Sales

  • Natural Gas Measurement

  • Natural Gas Sales

  • Standard Division Order

  • Determination Of Revenue

  • Utilizations

  • Oil And Gas Revenue

  • Recording Oil Revenue

  • Crude Oil Exchanges

  • Recording Gas Revenue

  • Vented or Flared Gas

  • Non-Processed Natural Gas

  • Natural Gas Processing

  • Stored Natural Gas

  • Take-Or-Pay Provisions

  • Timing of Revenue Recognition

  • Revenue From Crude Oil

  • Revenue From Natural Gas

  • Revenue Reporting To Interest Owners

  • Additional Topics

  • Gas Imbalances

  • Producer Gas Imbalances

  • Pipeline Gas Imbalances

  • Allocation of Oil and Gas

  • Minimum Royalty – An Advance Revenue to Royalty Owners

  • Addressing Problems and Issues Associated with Accounting for Revenue from Oil and Gas Sales

 

Part 3: Pertinent Oil and Gas Tax Accounting
  • Lessee’s Transactions

  • Non-Drilling Costs

  • Acquisitions Costs

  • Drilling Operations

  • Equipment Costs

  • Production Operations

  • Losses From Unproductive

  • Percentage Depletion

  • Property

  • Recapture of IDC and Depletion

  • Lessor’s Transactions

  • Acquisition Costs

  • Revenue

  • Addressing Problems And Issues Associated With  Basic Oil And Gas Tax Accounting

 

Part 4: Joint Interest Accounting
  • Joint Operations

  • Joint Venture Contracts

  • The Joint Operating Agreement

  • The Accounting Procedure

  • General Provisions: Accounting Procedure - Definitions

  • Affiliate

  • Agreement

  • Controllable Material

  • Equalized Freight

  • Excluded Amount

  • Field Office

  • First Level Supervision

  • Joint Account

  • Joint Operations

  • Joint Property

  • Laws

  • Material

  • Non-Operators

  • Offshore Facilities

  • Off-Site

  • On-Site

  • Operator

  • Parties

  • Participating Interest

  • Participating Party

  • Personal Expenses

  • Railway Receiving Point

  • Shore Base Facility

  • Supply Store

  • Technical Services

  • Statements and Billings

  • Advances and Payments by Parties

  • Adjustments

  • Expenditure Audits

  • Approval by Parties

  • General Matters

  • Amendments

  • Affiliates

  • Direct Charges

  • Rentals and Royalties

  • Labour

  • Material

  • Transportation

  • Services

  • Equipment and Facilities Furnished by Operator

  • Affiliates

  • Damages and Losses To Joint Property

  • Legal Expense

  • Taxes And Permits

  • Insurance

  • Communications

  • Ecological, Environmental, and Safety

  • Abandonment and Reclamation

  • Other Expenditures

  • Overhead

  • Overhead – Drilling and Producing Operations

  • Technical Services

  • Overhead – Fixed Rate Basis

  • Overhead – Percentage Basis

  • Overhead – Major Constructions and Catastrophe

  • Amendment of Overhead Rates

  • Material Purchases, Transfers, and Dispositions

  • Direct Purchases

  • Transfers

  • Pricing

  • Freight

  • Taxes

  • Condition

  • Other Pricing Provisions

  • Dispositions And Surplus

  • Special Pricing Provisions

  • Premium Pricing

  • Shop-Made Items

  • Mill Rejects

  • Inventories of Controllable Material

  • Directed Inventories

  • Non-Directed Inventories

  • Operator Inventories

  • Non-Operator Inventories

  • Special Inventories

  • General Provisions

  • Definitions

  • Statements and Billings

  • Advances and Payments by the Parties

  • Adjustments

 

Part 5: Joint Interest Accounting: Direct Charges, Materials, Offshore Operations and Audits
  • Direct Charges

  • Account

  • Direct Costs

  • Rentals and Royalties

  • Labor, Materials and Supplies

  • Transportation

  • Services

  • Exclusively Owned Equipment and Facilities of The Operator

  • Affiliates

  • Damages and Losses

  • Legal Expenses

  • Taxes, Licenses, Permits, Etc

  • Insurance

  • Communications

  • Ecological and Environmental Costs

  • Abandonment and Reclamation

  • Offices, Camps, and Miscellaneous Facilities

  • Other Costs

  • Pricing of Joint Account Material Purchases, Transfers and Dispositions

  • Charges To Joint Interest Accounting

  • Booking Charges to the Joint Account: Accumulation of Joint Costs in Operator’s Regular Account

  • Booking Charges to the Joint Account: Distribution of Joint Costs as Incurred

  • Non-Consent Operations

  • Accounting  for Materials

  • Offshore Operations

  • Joint Interest Audits

 

 

 

Module 4

Advanced Oil and Gas Accounting: International Petroleum Accounting (3)

 

Part 1: Conveyancing For Oil and Gas Operation
  • Mineral interests

  • Types of interest

  • Basic Working Interests (WI)

  • Joint Working Interest

  • Basic Royalty Interest (RI)

  • Overriding Royalty Interest (ORI)

  • Production Payment Interest (PPI)

  • Net profit Interest

  • Conveyances: General Rules

  • Conveyances: Exchange and Poolings

  • Farm – ins/farm outs

  • Farm – ins/farm outs with a reversionary working interest

  • Free wells

  • Carried interests or sole risk

  • Joint venture operations

  • Poolings unitizations

  • Unitizations

  • Participation Factors

  • Computation of Barrels for payout

  • Computation of proved Reserves

  • Computation of proved developed reserves

  • Conveyances: Sales

  • Unproved property sales

  • Sales of entire interest in unproved property

  • Sales of partial interest in unproved property

  • Proved property sales

  • Sales and purchases of a partial interest in proved property

  • Sales of working interest in a proved property with retention of nonworking interest

  • Conveyances: production payments

  •  Retained production payments

  • Retained production payments payable in money – reasonably assured

  • Retained production payments payable in money – not reasonably assured

  • Carved-out production payments payable in product or volumetric production payment (VPP)

  • Conveyances-full cost

  • Problems and Issues associated with Conveyance

 

 

Part 2: Oil and Gas Disclosures
  • Required disclosures

  • Illustrative example

  • Proved reserve quantity information

  • Reserve definitions

  • Proved reserves

  • Proved developed reserves

  • Proved undeveloped reserves

  • Use of end-of-year prices

  • Reserve quantity disclosure

  • Capitalized costs relating to oil and gas producing activities

  • Costs incurred for property acquisition, exploration, and development activities

  • Results of operations for oil and gas producing activities

  • Standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities

  • Future cash inflows

  • Future development and production cost

  • Future income tax expenses

  • Future cash flows

  • Discount

  • Changes in the standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities

  • Analysis of reasons for changes in value of standardized measure 12/31/XB

  • Sales and transfers, net of production costs

  • Changes from extensions, discoveries, and improved recovery

  • Changes in estimated future development costs

  • Development costs incurred during the period that reduce future development costs

  • Analysis of changes in development costs

  • Revision Quantity

  • Accretion of discount

  • Conclusion

  • Problems and issues that address Oil and Gas Disclosures

 

Part 3: Accounting For International Petroleum Operations
  • Petroleum fiscal systems

  • Concessionary systems

  • Concessionary agreements with government participation

  • Contractual systems

  • Government involvement in operations

  • Government participation      

  • Back in

  • Production sharing contracts

  • Signature and production bonuses

  • Royalties

  • Government participation

  • Cost recovery

  • Profit Oil

  • Other terms and fiscal incentives

  • Service Contracts

  • Joint operating agreements

  • Recoverable and non-recoverable costs

  • Financial accounting issues

  • Financial accounting versus contract accounting

  • International accounting standards

  • Problems

 

Part 4: Analysis of Oil and Gas Companies’ Financial Statements
  • Contractual systems

  • Government involvement in operations

  • Production sharing contracts 

  • Signature and production bonuses

  • Royalties

  • Government participation

  • Cost recovery

  • Profit oil

  • Other terms and fiscal incentives

  • Capital uplifts

  • Ringfencing

  • Domestic market obligation

  • Royalty holidays and tax holidays

  • Service contracts

  • Joint operating agreements

  • Financial Accounting Issues

  • Financial accounting VS Contract Accounting

  • Disclosure of proved reserves – SFAS No. 69

  • Disclosure of reserves

  • International Accounting Standards

 

Part 5: Analysis of Oil and Gas Companies’ Financial Statements
  • Source of Data

  • Historical cost-based

  • Future value-based

  • Production

  • Productive wells and acreage

  • Undeveloped acreage

  • Drilling activity

  • Present activities

  • Delivery commitments

  • Comparing financial reports

  • Reserve ratios

  • Reserve replacement ratio

  • Reserve life ration

  • Net wells to gross wells ratio

  • Average reserves per well ratio

  • Average daily production per well

  • Reserve cost ratios

  • Finding costs ratios

  • Lifting costs per BOE

  • DDA&A per BOE

  • Reserve value ratios

  • Value of proved reserve additions per BOE

  • Value added ratio

  • Financial ratios

  • Liquidity ratios

  • Current ratio

  • Quick ratio

  • Working capital

  • Financial strength ratios:

  • Debt to stockholder’s equity

  • Debt to assets

  • Times interest earned

  • Profitability ratios

  • Net income to sales

  • Return on stockholder’s equity

  • Return on assets

  • Cash flow from operations to sales

  • Price/earnings ratio

  • Price/cash flow ratio

 

 

Module 5 (Double Credit)

SAP and Joint Venture Accounting

 

Part 1: Sales and Accounts Receivables

 

  • How to Raise a Sales Invoice

  • Mapping Correct Accounts to Sales Invoice

  • Component of Oil and Gas Sales

  •  Price

  • Quantity

  • Managing Accounts Receivable

  • Customer Data Base Maintenance

  • Aging Analysis

  • Approval lines for Sales invoices

  • Issuer

  • Authorizer

 

 

Part 2: Purchases and Accounts Payable  

 

  • Contract Set up in SAP

  • Including Contract Terms

  •  Rates

  •  Taxes

  • Map Purchase Orders to Contracts

  • Purchase Order Approval Process in SAP

  • Map Purchase Order to Cost Ledger Accounts

  • Set Up Payment Terms in SAP

  • System to Prompt for Payment Run

 

 

Part 3: Fixed Asset Accounting

 

  • Set up Fixed Asset parameters for :

  • Exploration Wells

  • Appraisal Wells

  • Development Wells

  • Subsea Equipments

  • Flowlines

  • Moveable Assets

  • Determine Asset Classes

  •  Sub – classes 

  • Asset Description

  • Set up Depreciation parameters

  • Straight-line

  • UOP

  • Reducing balance

  • Run monthly depreciation testing

  • Maintain an Asset Register on SAP

 

 

 

Part 4: Project Accounting

 

  • Cost Centre, Resource Codes Set Up

  • Map GL accounts to Cost Centre and Resource Codes

  • GL Accounts to Roll Up to Correct Cost Headings

  • Map Cost Centres and or Resource Codes to Projects

  • Identifying All Project Costs Via Cost Centres or Resource Codes

  • Report Generation along Project Lines

  • Generate Profit and Loss Account by Projects

  • Set up Project Reports that can be Understood by Project Managers

 

 

Part 5: Joint Venture Accounting

 

  • Cut Back Process

  • Partners Share

  • Billable and Recoverable

  • Authorisation for Expenditure (AFE)

  • Billable and Non-Recoverable

  • Non-Billable and Non-Recoverable

  • Exclusive

  • Implementing Joint Venture Accounting Agreements within the SAP System

  • Account Reconciliation

  • Joint Venture Reports

Module 6

International Petroleum – Oil and Gas – Investment: Joint Ventures, Mergers, Acquisitions, Strategic, and Financial Management

 

Part 1: The Oil and Gas Industry

  • Oil and Gas Industry: An Overview

  • Understanding Oil and Gas Reserves

  • Analysing Oil and Gas in the Global Economy

  • Oil and Gas Supply

  • Industry Financial Performance

  • The Role of Organization of Petroleum Exporting Countries (OPEC)

  • The Resource Curse

  • Identifying the Players

  • What is International Oil Companies (IOCs)?

  • What is National Oil Companies (NOCs)?

  • The Strategic Goals of IOCs and NOCs

  • Independents

  • Other Firms

  • Tracking the Oil and Gas Industry Value Chain

  • Upstream: Exploration, Development and Production

  • Managing the Reservoir

  • Determining Upstream Profitability

  • Midstream: Trading and Transportation

  • Downstream: Oil Refining and Marketing

  • Gasoline Retailing

  • Natural Gas

  • Petrochemicals

  • Business Strategy Fundamentals

  • Evolution of the Industry

  • Innovation and Technology

  • Mergers and Acquisitions

  • Industry Substitutes and Alternative Fuels

  • The Future of the Global Oil and Gas Industry

 

 

Part 2: Concepts of Nationalism, National Oil Companies and the Curse of Oil

 

  • The Role and Value of Oil and Gas

  • National Security

  • National Wealth

  • Government and Corporate Interest

  • The Corporation

  • Corporate Stakeholders

  • The State and Civil Society

  • Oil and Gas and Government

  • Evolution of the National Oil Companies (NOCs)

  • Birth of the National Oil Company

  • Evolution of Resource-Rich NOCs

  • Resource-Poor NOCs

  • Access to Capital

  • The NOC/IOC Relationship

  • The Strategic Interest of IOCs and NOCs

  • Organization of Petroleum Exporting Countries (OPEC)

  • Founding Principles

  • Market Share

  • Emerging Strategy

  • The Curse of Oil

  • Countries Afflicted By the Curse

  • The Economics of the Curse of Oil

  • Avoiding the Curse Oil

  • Domestic Politics of Oil and Gas

 

Part 3: Developing Oil and Gas Projects

  • Development Project Opportunities

  • Project Evaluation Process

  • Project Life-Cycle Reviews

  • Joint Development

  • Project Financial Analysis

  • Financial Metrics

  • Risk Analysis

  • Steps in Project Execution

  • Handling Contractor Relationships

  • Contractor Relationships vis-à-vis Supply Chain

  • Types of Contractor Relationships

  • Successful Contractor Relationships

  • Evaluating the Environmental Impact

  • Assessing the Socioeconomic Impact

  • Managing Safety

  • Dealing with Problems in Project Development

 

 

Part 4: Importance of Cost Management in the Production of Oil and Gas

  • Defining Costs in the Upstream

  • Preproduction Costs

  • Production Costs (Lifting)

  • Accounting for Upstream Costs

  • ED&P and the Cost of Business

  • Performance and Competitive Advantage

  • Oil Economics

  • Break-Even

  • Multiple Products

  • Working Interest

  • Taxes

  • Valuing Production on a Per Barrel Basis

  • Strategic Cost Management in the Oil and Gas Industry

  • Field Reinvestment and Renewal

  • Production Enhancement

  • Enhanced Recovery Costs

  • Mature Field Valuation

  • Continuous Learning

  • Managing Contractor Supply Chain

  • Contractor Bargaining Power

  • Partnership Management

  • Joint Venture Conflict

  • Managing Operated-By-Others Projects

  • Learning and Knowledge Sharing in Joint Ventures

  • Managing Political Risk

  • Innovation and Technology

  • Technology Innovations in the Upstream Oil and Gas Industry

  • Technology and Cost Control

  • Chevron Cost Control

 

Part 5: Creating Fiscal Regimes

  • Development Agreements

  • Achieving the Right to Develop a Project

  • Interests, Incentives and Behaviours

  • Petroleum Fiscal Regimes

  • Concessions

  • Royalty/Tax System

  • Contractual Systems

  • Added Contractual Features

  • Signature Bonuses

  • Domestic Market Obligations

  • Investment Uplifts

  • Stabilisation Clause

  • Top-Line Risks

  • Petroleum Prices

  • PSA Evolution

  • Fiscal Regime

  • Government and Policy Change

 

Part 6: Financing and Financial Performance in the Oil and Gas Industry

 

  • Business Financing

  • Basic Balance Sheet

  • Managerial Balance Sheet

  • Funding the Firm

  • Revenue and Earnings

  • Financial Performance

  • Performance and Creditworthiness

  • Windfall Profit

  • Capital Sourcing For the Oil and Gas Industry

  • Corporate Finance

  • Public Equity

  • Private Equity

  • Venture Capital

  • Debt

  • Project Finance

  • Multilateral Lending

  • State Interest

  • Oil Loans

  • Petroleum Finance

  • E&P Firms and Downstream Oil and Gas

  • Ruminations on Valuation

 

Part 7: Natural Gas

  • Chemistry and Form of Natural Gas

  • Raw Natural Gas Production

  • Liquefied Natural Gas (LNG)

  • Unconventional Gas

  • Natural Gas Reserves, Fields and Production

  • Natural Gas Reserves

  • Gas Development

  • Natural Gas Use and Markets

  • Gas-Consuming Countries and Markets

  • Prices, Trading and Markets

  • Gas Pricing Fundamentals

  • The Gas-To-Oil Linkage

Part 8: Liquefied Natural Gas (LNG)

  • The Integrated LNG Project

  • Upstream

  • Transportation to Liquefaction

  • Liquefaction

  • Shipping

  • Regasification

  • Competitive Cost Analysis

  • LNG Contracting

  • LNG Markets and Pricing

  • LNG’s Regional Markets

  • The LNG Market: The Shift toward a Global Commodity

  • LNG Break-Even

  • LNG Case Study

  • Gas to Liquids (GTL)

 

Part 9: Analysing the Market for the Crude Oil

  • The Basics of Crude Oil

  • The Demand for Oil

  • The Supply of Oil

  • Transportation Costs

  • Crude Oil Price

  • A Short History of Price

  • The Two Crude Price Eras

  • Crude Oil vis-à-vis Commodity

  • Benchmark Crude Oil

  • Crude Benchmarks and Pricing

  • Crude Oil Prices and Transactions

  • Crude Oil Transactions

  • How Futures Work

  • Oil Shipment and Inventories

 

Part 10: Transportation in the Oil and Gas Industry

  • Fundamentals of Transportation

  • The Barrel

  • The Strategic Chokepoint

  • Upstream Transportation

  • Pipelines

  • Gathering Systems

  • Pipeline Construction

  • Pipeline Operation

  • Oil Tankers

  • A Brief History of Oil Tankers

  • Evolution of Tanker Design

  • Oil Tankers Shift the Competitive Balance

  • The Modern Supertanker

  • Chartering a Vessel

  • Shipping Contracts

  • Tanker Charter Rates

  • Tanker Operators

  • Environmental Risk

  • Downstream Transportation

 

Part 11: The Petroleum Refinery Process

  • Global Refining

  • The Refining Process

  • Distillation

  • Hydrotreating, Cracking and Reforming

  • Other Processes

  • Safety and Environmental Issues

  • Refineries and Exit Barriers

  • The Refinery Product Mix

  • Refinery Complexity

  • Location

  • Product Demand

  • Refining Margins and Profitability

  • The Cost of Crude

  • Refining Value and Crack Spreads

  • Other Refinery Cost Drivers

  • Refinery Probability

 

Part 12: Undertaking the Sales and Marketing of Petroleum Products

  • Motor Fuel

  • Channels to Market

  • Refiner-Owned-And-Operated Retail Outlets

  • Franchisers and Distributors

  • Jobber-Operated Outlets

  • Independent Dealers

  • Super Convenience Stores

  • Supermarkets/Hypermarkets

  • Where Does Gasoline At A Particular Station Come From?

  • Fuel Standards and Specifications

  • OIC (Oil Major) in Fuels Marketing

  • The Retail Price of Motor Fuels

  • Zone Pricing

  • Important Factors in the Retail Price of Motor Fuels

  • Price Elasticity of Motor Fuels

  • The Politicization of Motor Fuel Prices

  • Aviation Fuel

  • Lubricants

  • Fuel Oils for Heating and Power Generation

  • Asphalt and Propane

 

 

Part 13: Petrochemicals

  • Chemical Industry Overview

  • Petrochemical Production

  • Commodity and Specialty Chemicals

  • Industry Structure

  • Industry Profitability

  • Ethylene Production and Costs

  • Capacity Utilization

  • Specialty Chemical Performance

  • Refining and Chemicals Integration

  • Marketing

  • Distribution

  • Capital Investment in the Chemical Industry

 

Part 14: The Future of the Global Oil and Gas Industry

  • The Products

  • Peak Oil Demand

  • Crude Oil

  • A Shift to Gas

  • Shale Gas

  • Substitute Products and Renewable/Alternative Energy

  • The Markets

  • Growing Demand for Energy

  • Price, Supply And Demand Volatility

  • Global Market and Pricing for Natural Gas

  • The Players and Their Strategies

  • Evolving Competitive Environment

  • Downstream and Chemicals

  • Refining and Fuels Marketing Remain Core to The Industry

  • Availability of Capital

  • Deepwater Horizon Oil Spill

  • Increased Focus on the Safety and Environment

  • Ongoing Talent Shortage

  • The Future of Oil and Gas Firms

  • Power of National Companies

  •  Taxes

  • Map Purchase orders to Contracts

  • Purchase order approval process in SAP

  • Map Purchase order to cost ledger accounts

  • Set up payment terms in SAP

  • System to prompt for payment run

 

 

Part 15: Fixed Asset Accounting

 

  • Set up Fixed Asset Parameters for :

  • Exploration Wells

  • Appraisal Wells

  • Development Wells

  • Subsea Equipments

  • Flowlines

  • Moveable Assets

  • Determine Asset Classes

  •  Sub – classes 

  • Asset Description

  • Set up Depreciation parameters

  • Straightline

  • UOP

  • Reducing balance

  • Run monthly depreciation testing

  • Maintain an Asset Register on SAP

 

 

Part 16: Project Accounting

 

  • Cost Centre, Resource codes set up

  • Map GL accounts to Cost Centre and Resource Codes

  • GL accounts to roll up to correct cost headings

  • Map Cost Centres and or Resource codes to Projects

  • Be able to identify all Project costs via cost centres or resource codes

  • Report generation along project lines

  • Generate Profit and Loss account by Projects

  • Set up Project Reports that can be understood by Project Managers

 

 

Part 17: Joint Venture Accounting

 

  • Cut Back Process

  • Partners share

  • Billable and Recoverable

  • Billable and Non-Recoverable

  • Non-Billable and Non-Recoverable

  • Exclusive

  • Implementing Joint Venture accounting agreements within the SAP system

  • Account Reconciliation

  • Joint Venture Reports

 

Module 7

Oil and Gas Prices and Forward Contracts: Understanding International Petroleum – Oil and Gas – Market Rates, Hedging and Risks

 

Part 1: World Crude

  • Overview of the World Crude Oil

  • The Market Events from 2008 to 2011

  • World Energy Policy

  • The Financial Crisis and the Oil Market

  • Fundamentals vs. Financial Speculation

  • Demand/Supply of Gasoline and Gasoil

  • WTI – Brent Differential

 

 

Part 2: Evolution of the Price of Crude Oil from the 1960s up to 1999

 

  • The Oil Monopoly and the Two Crises in the 1970s

  • The Gradual Disappearance of OPEC

  • The Price War

  • From the Introduction of Brent as an International Benchmark to the Clean Air Act

  • The Suicide of OPEC

  • The Start of the Free Market

  • The Consequences of the Environmental Turnaround

 

 

Part 3: Changes in the Market for Automotive Fuels

 

  • Evolution of Environmental Demand

  • Gasoline and its Components

  • Reforming

  • Cracking

  • Alkylation

  • Isomerization

  • Refiners Walk the Tightrope

  • The Fiscal Policy of the Industrialized Countries Regarding Fuels

 

 

Part 4: Oil Flow and International Markets

 

  • Transformations in the Downstream

  • World Supply Structure

  • The Classical Model of the International Oil Market

  • The Short-term Model of the International Oil Market

  • Analysing the Brent Market

  • The Sale and Purchase Contract

  • The Forward Market for Brent (15 day Brent Contract)

  • The IPE Brent Market

  • The Divorce between Oil Price and Oil

 

 

Part 5: Primary Objectives of the Forward and Futures Markets

 

  • Tax Spinning

  • Benchmarking

  • Hedging the Price Risks

  • Speculations on Operational Flexibilities at Loading

  • Market Structure: Contango and Backwardation

  • Procedures at the Loading Terminals

  • Dealing with the Problems of the Brent Forward Market

  • The European Refinery Crisis

 

 Programme Number 163 - Advanced Oil and Gas Accounting: International Petroleum Accounting, Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} or Full-Time {6 Months (2-2.5 Days -15 Hours) per Week} Programme, Leading to Postgraduate Diploma in Advanced Oil and Gas Accounting: International Petroleum Accounting. Click to download the PDF Brochure for this Course.

 

 

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Plead my cause, O Lord, with them that strive with me: fight against them that fight against me.

Gain a HRODC Postgraduate Training Institute Postgraduate Diploma and Diploma – Postgraduate - from its seminars and courses. From its in-course and in-seminar assessment, you can gain a Diploma in the specific area of study. HRODC Postgraduate Training Institute Postgraduate Diploma Course or Seminar, lead to HRODC Postgraduate Training Institute Postgraduate Diploma and Diploma – Postgraduate – as follows: International seminars include Dynamics Of Organisational Change Management Seminar (public course), Leading to  HRODC Postgraduate Training Institute Diploma - Postgraduate - in Organisational Change Management; Client Or Customer Care Seminar, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Client Or Customer Care; Trainer Training: Training for Trainers Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Trainer Training: Training for Trainers; Motivating Workers: Intrinsic and Extrinsic Rewards Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Worker Motivation; Employee Resourcing: Recruitment and Selection Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in  Employee Resourcing: Recruitment and Selection; Diversity Management: A Value-Added Inclusion Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Diversity Management; Research Project: Design, Conduct & Report Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Research Project Management; Anti-Dumping and Anti-Subsidy: Claims, Measures and Stance Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Anti-Dumping and Anti-Subsidy; Internal Audit Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Internal Audit; Human Resource Management: A Practitioner’s Approach Seminar (public course), Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Human Resource Management; Financial Risk Management Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Financial Risk Management; Judges Seminar (public course) 1: Dealing with Economic and Financial Crimes Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Judging Economic and Financial Crimes; Judges Seminar (public course) 2: The UK Legal System – Court Organisation, Management & Sentencing Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in UK Legal System: Court Organisation and Management; Fundamentals of The Automotive Industry Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Fundamentals of Automotive Industry; Advanced Project Management Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Project Management; Productivity Improvement Seminar (public course), Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Productivity Improvement; Comprehensive Real Estate Management Seminar (Public Course), Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Comprehensive Real Estate Management; Real Estate Management: An Introduction  Seminar, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Introduction to Real Estate Management; Conveyancing and Property Valuation Seminar, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Conveyancing and Property Valuation; Human Resource Management: A Comprehensive View Seminar, Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Comprehensive Human Resource Management; Fundamentals of Aviation (Air) Cargo Seminar (Public Course), Leading to HRODC Postgraduate Training Institute Diploma, in Fundamentals of Air Cargo; UK Employment Law Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in UK Employment Law; UK Consumer Protection Law Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in UK Consumer Law; ISO 9000 Quality Systems Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in ISO 9000 Quality Systems; Modern Quality Systems Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Modern Quality Systems; Modern Quality Systems and ISO 9000 Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Modern Quality Systems and ISO 9000; Personnel and Occupational Testing Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Personnel and Occupational Testing; Personnel and Occupational Test Questionnaire Design and Results Analysis Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Personnel and Occupational Test Questionnaire Design and Results Analysis; Information, Risk, Security and Crisis Management Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Information, Risk and Security Management; Executive Leadership and High Performance Team Management Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Executive Leadership and High Performance Team Management; Organisational Design: Structuring and Restructuring Organisations Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Organisational Design: Structuring and Restructuring Organisations; Postgraduate Diploma in Executive Management Seminar or Public Course, leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Executive Management; Creating Investment Projects In The Industrial Sector Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Investment Projects in Industrial Sector; Evaluating the Performance of Industrial Investments Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Industrial Investment Performance Evaluation; Strategic Management and Project Management Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Strategic Management and Project Management; Upstream Oil & Gas Accounting & Contracts: Oil & Gas Operation, Mineral Rights, Leases & Successful Efforts Accounting Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Fundamentals in Oil and Gas Accounting; Advanced Financial Accounting For Non-Accountants Seminar or Public Course, Incorporating Balanced Score card, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Financial Accounting; Advanced Cost Management for Business Competitiveness Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Cost Management; Assessing Parenting Capability and Children's Need; and Recording & Report Writing For Social Service Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Assessing Parenting Capability and Children's Need; and Recording & Report Writing For Social Service; Strategic Management and Strategic Cost Management Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Strategic Management and Strategic Cost Management; Strategic Management Accounting Seminar or Public Course, Incorporating Balanced Score Card, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Strategic Management Accounting; Advanced Budgeting For Business Enhancement Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Budgeting; Communication, Information Gathering, Analysis and Report Writing Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Communication and Information Management; Women In Management  Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in Women in Management; Comprehensive Project Management Seminar or Public Course, Leading to HRODC Postgraduate Training Institute postgraduate Diploma in Comprehensive Project Management; Advanced Oil and Gas Accounting (1) Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Oil and Gas Accounting (1); Advanced Oil and Gas Accounting (2) Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Oil and Gas Accounting (2); Advanced Oil and Gas Accounting (3) Seminar or Public Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Advanced Oil and Gas Accounting (3); Leadership Styles Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Leadership Styles; Team Dynamics Seminar or Course,  Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Team Dynamics; Modern Marketing in a Consumer-Lead Environment Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Marketing Management; The Management of Organisational Resources Seminar or Course,  Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Resource Management; Effective Time Management Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Time Management; Delegating For Role and Organisational Effectiveness Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Organisational Delegation; The Dynamic Functions of Management Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Management Functions; Training Needs Analysis: Determining Training Needs Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Training Needs Analysis; Economic and Financial Values of International Dumping and Subsidy Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Economics and Finance of International Dumping and Subsidy; Planning, Costing and Budgeting for Executive Decision-Making Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Training Needs Analysis; HR Training and Development Management Seminar or course,  Leading to HRODC Postgraduate Training Institute Postgraduate Diploma in HR Training and Development Management; Business and Organisational Analysis Seminar or Course, Leading to HRODC Postgraduate Training Institute Diploma - Postgraduate - in Business and Organisational Analysis; HRODC Postgraduate Training Institute Postgraduate Diploma and HRODC Postgraduate Training Institute Diploma – Postgraduate. HRODC Postgraduate Training Institute UK – covering all KU Regions and Counties - East Midlands Region; The counties of Derbyshire, Leicestershire, Lincolnshire, Northamptonshire and Nottinghamshire The non-metropolitan districts of Derby, Leicester, Nottingham and Rutland; Eastern Region; The counties of Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk The non-metropolitan districts of Luton, Peterborough, Southend-on-Sea and Thurrock; London Region; Greater London; North East Region; The counties of Durham and Northumberland The metropolitan districts of Gateshead, Newcastle upon Tyne, North Tyneside, South Tyneside and Sunderland The non-metropolitan districts of Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees;  North West Region; The counties of Cheshire, Cumbria and Lancashire The metropolitan districts of Bolton, Bury, Knowsley, Liverpool, Manchester, Oldham, Rochdale, St. Helens, Salford, Sefton, Stockport, Tameside, Trafford, Wigan and Wirral The non-metropolitan districts of Blackburn with Darwen, Blackpool, Halton and Warrington; South East Region; The counties of Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex The non-metropolitan districts of Bracknell Forest, Brighton and Hove, the Medway Towns, Milton Keynes, Portsmouth, Reading, Slough, Southampton, West Berkshire, Windsor and Maidenhead and Wokingham; South West Region; The counties of Cornwall, Devon, Dorset, Gloucestershire, Somerset and Wiltshire The non-metropolitan districts of Bath and North East Somerset, Bournemouth, Bristol, North Somerset, Plymouth, Poole, South Gloucestershire, Swindon and Torbay The Isles of Scilly; West Midlands Region; The counties of Shropshire, Staffordshire, Warwickshire and Worcestershire The metropolitan districts of Birmingham, Coventry, Dudley, Sandwell, Solihull, Walsall and Wolverhampton The non-metropolitan districts of Herefordshire, Stoke-on-Trent and Telford and Wrekin; Yorkshire and the Humber Region; The county of North Yorkshire The metropolitan districts of Barnsley, Bradford, Calderdale, Doncaster, Kirklees, Leeds, Rotherham, Sheffield and Wakefield The non-metropolitan districts of the East Riding of Yorkshire, Kingston upon Hull, North East Lincolnshire, North Lincolnshire and York. The countries covered inude Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua, Argentina, Armenia, Aruba, Ascension Island, Australia, Australian External Territories, Austria, Azerbaijan, Bahamas, Barbados, Bahrain, Bangladesh, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, British Virgin Islands, Bolivia, Bosnia and Hercegovina, Botswana, Brazil, British V.I., Brunei Darussalm, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde Islands, Caribbean Nations, Cayman Islands, Cape Verdi, Central African Republic, Chad, Chile, China (People's Republic), China-Taiwan, Colombia, Comoros and Mayotte, Congo, Cook Islands, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Diego Garcia, Dominca, Dominican Republic, Djibouti, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands, Faroe (Faeroe) Islands (Denmark), Fiji, Finland, France, French Antilles, French Guiana, Gabon (Gabonese Republic), Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada/Carricou, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland (Irish Republic; Eire), Israel, Italy, Ivory Coast (La Cote d'Ivoire), Jamaica, Japan, Jordan, Kazakhstan, Kenya, Khmer Republic (Cambodia/Kampuchea), Kiribati Republic (Gilbert Islands), Korea, Republic of (South Korea), Korea, People's Republic of (North Korea), Kuwait, Kyrgyz Republic, Latvia, Laos, Lebanon, Lesotho, Liberia, Lithuania, Libya, Liechtenstein, Luxembourg, Macao, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique (French Antilles), Mauritania, Mauritius, Mayolte, Mexico, Micronesia (F.S. of Polynesia), Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar (former Burma), Namibia (former South-West Africa), Nauru, Nepal, Netherlands, Netherlands Antilles, Nevis, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, North Korea, North Mariana Islands, (Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal (includes Azores)Puerto Rico, Qatar, Reunion (France), Romania, Russia, Rwanda (Rwandese Republic), San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia and Montenegro, Seychelles, Sierra Leone, Singapore, Slovakia , Slovenia, Solomon Islands, Somalia, South Africa, Spain, Sri Lanka, St. Helena, St. Kitts/Nevis, St. Pierre &(et) Miquelon (France), Sudan, Suriname, Swaziland, Sweden, Switzerland, Syrian Arab Republic (Syria), Tahiti (French Polynesia),Taiwan, Tajikistan, Tanzania (includes Zanzibar), Thailand, Togo (Togolese Republic), Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu (Ellice Islands), Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, USA, Uzbekistan, Vanuatu (New Hebrides), Vatican City, Venezuela, Viet Nam, Virgin Islands, Wallis and Futuna, Western Samoa, Yemen (People's Democratic Republic of), Zaire

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HRODC Postgraduate Training Institute Postgraduate Training Institute, A Postgraduate-Only Institution, is registered with the UK Register of Learning Providers (UKRLP) #10019585, verifiable at https://www.ukrlp.co.uk/ It also offers Diploma - Postgraduate - Short Courses of 5-35 Days. These are exemplified by: 5-9 Days (Diploma - Postgraduate - Single-Credit); 10 Days (Diploma - Postgraduate - Double-Credit); 15 Days (Diploma - Postgraduate - Triple-Credit); 20 Days (Diploma - Postgraduate - Quad-Credit). All Diploma – Postgraduate - Awards accumulate to a Postgraduate Diploma. Postgraduate Diploma Progress to a Postgraduate Degree – MA, MSc, or MBA. Diploma – Postgraduate Short Courses – might be studied via In-Classroom or Video-Enhanced Mode. In both modes, at least 30 Credit-Hours (represented as 5 days in-classroom (or approximately 10 days Video-Enhanced - based on 3 hours per day), are required for the Award of Diploma - Postgraduate.  Both In-classroom and Video-Enhanced modes are actually Face-To-Face ‘Direct Lecturer Interactive Contact’. As is indicated above, all Diploma – Postgraduate - Awards accumulate to a Postgraduate Diploma. Postgraduate Diploma Progress to a Postgraduate Degree – MA, MSc, or MBA. Courses include Change Management, Financial Risk Management, Trainer Training, Project Management, Real Estate Management, Advanced Oil and Gas Accounting, Executive Leadership and High Performance Team Management Dynamics Of Organisational Change Management, Client Or Customer Care, Trainer Training: Training for Trainers, Motivating Workers: Intrinsic and Extrinsic Rewards, Employee Resourcing: Recruitment and Selection,, Diversity Management: A Value-Added Inclusion, Research Project: Design, Conduct & Report, Anti-Dumping and Anti-Subsidy: Claims, Measures and Stance, Internal Audit, Human Resource Management: A Practitioner’s Approach, Financial Risk Management, Judges Seminar 1: Dealing with Economic and Financial Crimes, Judge Seminar 2: The UK Legal System – Court Organisation, Management & Sentencing, Fundamentals of The Automotive Industry, Advanced Project Management, Productivity Improvement, MSc in Comprehensive Real Estate Management, Real Estate Management: An Introduction, Conveyancing and Property Valuation, Human Resource Management: A Comprehensive View, Fundamentals of Aviation (Air) Cargo, UK Employment Law, UK Consumer Protection Law, ISO 9000 Quality Management, Modern Quality Systems, Modern Quality Systems and ISO 9000, Personnel and Occupational Testing, Personnel and Occupational Test Questionnaire Design and Results Analysis, Information, Risk, Security and Crisis Management, Executive Leadership and High Performance Team Management, Organisational Design: Structuring and Restructuring Organisations, Postgraduate Diploma in Executive Management,  Creating Investment Projects In The Industrial Sector, Evaluating the Performance of Industrial Investments, Strategic Management and Project Management, Upstream Oil & Gas Accounting & Contracts: Oil & Gas Operation, Mineral Rights, Leases & Successful Efforts Accounting, Advanced Financial Accounting For Non-Accountants, Advanced Cost Management for Business Competitiveness, Assessing Parenting Capability and Children's Need; and Recording & Report Writing For Social Service, Strategic Management and Strategic Cost Management, Strategic Management Accounting, Incorporating Balanced Score Card, Advanced Budgeting For Business Enhancement, Communication, Information Gathering, Analysis and Report Writing, Women In Management, Comprehensive Project Management, Advanced Oil and Gas Accounting (1), Advanced Oil and Gas Accounting (2), Advanced Oil and Gas Accounting (3), Leadership Styles, Team Dynamics, Modern Marketing in a Consumer-Lead Environment, The Management of Organisational Resources, Effective Time Management, Delegating For Role and Organisational Effectiveness, The Dynamic Functions of Management, Training Needs Analysis: Determining Training Needs, Economic and Financial Values of International Dumping and Subsidy, Planning, Costing and Budgeting for Executive Decision-Making, HR Training and Development Management, Business and Organisational Analysis, Postgraduate Diploma in Financial Accounting and Management Accounting, International Trade Promotion and Marketing, Training Expenditure or Investment?: Training Needs Analysis, Costing & Budgeting For Accelerated Rate of Return, Industrial Project Start-Up, Expansion and Management (1), Industrial Project Start-Up, Expansion and Management (2), Anti-Dumping In Practice: Hypothesising, Case Reporting, Case Investigation, Countervailing Actions, Sunset Review and Suspension. Courses are held internationally e.g. in Johannesburg, Oman, Kuwait, Brunei, Dubai UAE, Bahrain, Paris, Milan,

The Headquarters of HRODC Postgraduate Training Institute Postgraduate Training Institute is in Wolverhampton, West Midlands, UK.

Wolverhampton is a new and vibrant city and centre of commerce, strategically located in the West Midlands, and the Black Country, so named because of its traditional mining and manufacturing base, providing easy access regional and central governments, regional and national sporting, cultural and exposition venues. The Wolverhampton Airport, slated for development, will provide an even faster link to European destinations and the rest of the world than Birmingham International Airport currently affords.  Wolverhampton is only about 30 minutes drive and 25 minutes by train, from Birmingham International Airport. 35 minutes by tram from Birmingham Snow Hill, Wolverhampton is also 15 minutes by train from Birmingham New Street Station. There is a frequent bus link from Birmingham. London Euston Station is also just a 2 hour train ride from Wolverhampton. A return ticket to London Euston costs as little as eighteen pounds (£18.00), if booked on-line 8 days in advance. Trains from Wolverhampton to London depart every 20 minutes. There is a frequent inexpensive coach service from Wolverhampton to London and all other major UK cities.  Wolverhampton is presumably one of the most popular entertainment centres in Europe. It certainly ranks in the top 5 entertainment venues in the UK.

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Last modified: 17-02-18