Management Accounting and Cost Accounting in the Downstream International Petroleum – Oil and Gas – Industry

HRODC Postgraduate Training Institute
En Central London, West Midlands (Inglaterra)

£6.000 - ($4.964.055)
+ IVA

Información importante

Descripción

Do you work in Management or Cost Accounting? Are you interested in developing your professional career in the controversial world of oil and gas?

This course in Management Accounting and Cost Accounting in the Downstream International Petroleum – Oil and Gas – Industry will teach you everything important about this field and about specialised accounting.

Información importante
¿Esta formación es para mi?

This course is designed for: management accountants, cost accountants, managers with direct financial responsibilities, executives, marketing managers, employees of oil and gas companies, financial planners, cost analysts, senior managers who supervise people with financial responsibilities, treasurers.

Requisitos: Degree or Work Experience

Instalaciones

¿Dónde se da y en qué fecha?

comienzo Ubicación
A definir
Central London
Carburton Street, W1W 5EE, London, Inglaterra
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A definir
West Midlands
Bhylls Lane, WV3 8DZ, West Midlands, Inglaterra
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¿Qué aprendes en este curso?

Management
Financial Accounting
Basic
Accounting
IT
Basic IT training
Basic IT
Oil and Gas
Gas
International
Accounting MBA
Planning
systems
Industry
Management Accounting
Cost Accounting
IT Management
Petroleum
Accounting Concepts
Oil and Gas Production and Sales
The Concept of Peak Oil
Successful Efforts Accounting
Oil and Gas Accounting
Cost Behaviour
Job Costing
Key Success Factors
Planning and Control Systems
Decision Making Process in Planning and Control
Direct and Indirect Cost
Cost Flows
Cost Volume Profit Analysis
Breakeven Point
Journal Entries
Activity Based-Costing
Cost Hierarchies

Temario

Course Contents, Concepts and Issues:

Three Main Accounting Areas
  • Management Accounting
  • Financial Accounting
  • Cost Accounting
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
Management Accounting
  • Strategy and Management Accounting
  • Management Accounting and Value
  • Illustration of Value Chain
  • Key Success Factors
  • Planning and Control Systems
  • A Five-Step Decision making Process in Planning and Control
  • Management Accounting Guidelines
  • A Typical Organisational Structure and the Management Accountant
Cost Terms and Purposes
  • Basic Cost Terminology
  • Direct and Indirect Cost
  • Cost Examples in the Downstream Petroleum Industry
  • Factors Affecting Direct/Indirect Cost Classification
  • Cost Behaviour
  • Other Cost Concepts
  • A Cost Caveat
  • Multiple Classifications of Costs
  • Different Types of Firms
  • Types of Manufacturing Inventories
  • Types of Product Cost
  • Accounting vs. Cost
  • Cost Flows
  • Cost Flows Visualized
  • Multiple - Step Income Statement
  • Cost of Goods Manufactured
  • Other Cost Considerations
  • Different Definitions of Costs for Different Applications
  • The Common Features of Cost Accounting and Cost Management
Cost-Volume-Profit (CVP) Analysis
  • A Five-Step Decision-Making Process in Planning and Control Revisited
  • Foundational Assumptions in CVP
  • Basic Formulae
  • CVP: Contribution Margin
  • Cost–Volume–Profit Equation
  • Breakeven Point
  • Breakeven Point, Extended: Profit Planning
  • CVP: Graphically
  • Profit Planning, Illustrated
  • CVP and Income Taxes
  • Sensitivity Analysis
  • Margin of Safety
  • Operating Leverage
  • Effects of Sales-Mix on CVP
  • Alternative Income Statement Formats
Job Costing
  • Costing Terminology
  • Costing Systems
  • Costing Systems Illustrated
  • Costing Approaches
  • Seven-Step Job Costing
  • Sample Job Cost Document
  • Sample Job Cost Source Documents
  • Job Costing Overview
  • Journal Entries
  • Flow of Costs Illustrated
  • Illustrated General Ledger in a Job Cost Environment
  • Accounting for Overhead
  • Three Methods for Adjusting Over/Underapplied Overhead
Activity Based-Costing and Cost Management
  • Background
  • Broad Averaging
  • Over and Undercosting
  • Cross-subsidization
  • Rationale for Selecting a More Refined Costing System
  • Cost Hierarchies
  • ABC vs. Simple Costing Schemes
  • Activity-Based Management
Oil and Gas Accounting
  • Oil and Gas Production and Sales
  • Some State and US Federal Oil and Gas Drilling Regulation
  • Maximum Efficiency Rate (MER)
  • The Concept of Peak Oil (1)
  • 4 Basic Types of Cost
  • Acquisition Costs
  • Exploration Costs
  • Development Costs
  • Production Costs
  • Historical Cost Accounting Methods
  • Historical Development of Accounting Methods and Current Status
  • Introduction to Successful Efforts Accounting
  • Chart Accounts for Successful Efforts Company

Información adicional

Cost:                        

£4,800.00 Per Delegate for UK Delivery
£6,000.00 Per Delegate for Delivery outside the UK