The organisers posed a number of questions: Do you feel a need to improve your understanding of finance and accounting? Why are the financial statements so different? How are the costs of evaluating a prospect handled? How are the costs of acquiring rights in unproved property handled? How are capitalized costs written off? How do we account for revenue transactions and when is revenue recognized? How do the operators and non-operators track and account for costs of joint operations? How are lifting costs per barrel computed?

They said if one is looking for answers to these questions and more, this course will enhance your knowledge and understanding of financial and accounting issues by providing an industry and accounting background followed by the accounting process from investigating prospects, leasing, drilling, depleting, producing, billing joint venture owners, and selling, abandoning or impairing assets.

For more information, please contact Ms Lynn Ng at Tel: 65 68355 107, Fax: 65 6733 5087 or email: Lynn.Ng@ibcasia.com.sg, or www.ibc-asia.com/oilgasaccounting.htm