This course will provide states and investors with a practical, hands on understanding of the accounting procedures in Production Sharing Contracts. You will be brought fully up to speed with the key legal provisions within the contract, and how these impact on your day to day accounting responsibilities for petroleum operations throughout the lifespan of the project.
Participants will gain clarity when dealing with cost recovery within the PSC and understand the differences with accounting for Joint Operating Agreements and financial reporting under IFRS.  You will also assess how to deal with taxation within contracts, how this affects your projects and potential disputes that can arise... Find out more