Audit partners George Qin and Jay Norris will be giving a training on September 17-18, 2012 on Financial Auditing Fundamentals for Exploration & Production at the Hyatt Regency Houston. We are partnering with Electric Utility Consultants, Inc (EUCI) to deliver this training, which will provide an in-depth overview of external auditing procedures and accounting for the most common areas of an E&P company.
The curriculum will cover a variety of topics including the difference between the Successful Efforts and Full Cost methods, the classification of costs incurred and the capitalization rules for each, and an overview of the supplementary oil and gas footnote.
With this invitation (see below), we are pleased to extend a special 15% discount off the registration price to clients and friends of the firm. Should you have any questions about the event, please do not hesitate to contact Caroline Rosen, Manager of Marketing and Communications at crosen@malonebailey.com or 713.343.4286.
Financial Auditing Fundamentals for Exploration & Production
September 17-18, 2012 - Houston, TX
As instructors of the upcoming Financial Auditing Fundamentals for Exploration and Production, we would like to extend a special 15% discount* off the registration price to you and your colleagues.
Use Discount Code: MBF09 (case sensitive)
When Registering
This training course will provide an in-depth overview of external auditing procedures and accounting for the most common areas of an E&P company. The curriculum will cover a variety of topics including the difference between the Successful Efforts and Full Cost methods, the classification of costs incurred and the capitalization rules for each, and an overview of the supplementary oil and gas footnote. An introduction to technical content will also cover the accounting and external auditing of the depletion expense and impairment calculations, the asset retirement obligation, oil and gas revenues, the reserve report and the lease operating statement. Participants will enjoy a hands-on experience through a variety of exercises that are aimed at teaching these concepts.
Attendees will:
- Distinguish between the Successful Efforts and Full Cost methods
- Identify the cost capitalization rules under the Successful Efforts and Full Cost methods
- Examine the auditing procedures for the costs incurred
- Discuss the review procedures on the oil and gas reserve report
- Explain how to calculate depletion and impairment
- Evaluate the auditing procedures for the depletion and impairment calculations
- Determine how to calculate and audit the variables of an asset retirement obligation
- Explain analytical procedures on a lease operating statement
- Identify the tables needed in the supplementary oil and gas footnote
- Discuss accounting and auditing treatment of oil and gas derivatives
PDF Brochure | Pricing and Registration | Full Agenda | Instructors