Joint Interest Accounting - The Basics

A one day overview of joint interest accounting basics covering the history of  joint interest accounting as well as concepts applicable to many joint interest agreement situations.  Participants will be provided with a workbook and will work through “real life” situations regarding the issues that face joint interest accountants and owners every day. 

Who Should Attend

Individuals new to the concepts of joint interest accounting including new employees, employees in other departments that would benefit from an understanding of the treatment of joint interest transactions, joint interest audit staff, or those individuals interested in pursuing a career in oil & gas accounting.

 Course Outline

• History of Joint Interest Accounting

• Source of Joint Interest Properties and Working Interest Decimals

• Joint Venture Agreements, Accounting, and Billings (JIBs)

• Direct versus Indirect Costs

• Calculation of Drilling and Producing Overhead - Fixed Rate

• Accounting for Tubular Goods and Tangible Equipment

• Accounting for Operator-owned Equipment

Course Fee: $ 450 US
(discount available when registering for MPACT_TM  Workshops)
CPE Available: 8 hours
Program Level: Beginning
Delivery Method: Group-Live

Scheduled Workshops:

Schedule to be determined in early 2009.

Select the training topic to find dates and locations of public MPACT_TM workshops

Joint Interest Accounting -  The Basics
Joint Interest Accounting -  Beyond the Basics
Revenue Accounting - The Basics
Revenue Accounting - Beyond the Basics
Joint Interest Audit
Gas Balancing
Gas Plant Accounting

Let Us Bring MPACT_TM to You!

 

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request for an In-House training course or contact us at 405.728.3003.

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