Revenue Accounting - The Basics

A one day overview of revenue accounting that provides a general understanding of the various functions performed in the revenue department of an exploration & production company, an overview of the physical layout of oil & gas producing properties, how to account for oil and natural gas, and revenue distribution.  Participants will be provided with a workbook and will work through “real life” situations regarding the issues that revenue accountants are faced with every day. 

Who Should Attend

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

Course Outline

• Revenue Accounting Overview

• Decimal Interests and Associated Burdens

• Natural Characteristics of Oil - Measurement, Allocations and Sales

• Natural Characteristics of Gas - Measurement, Allocations and Sales

• Recording Revenue

• Revenue Distribution and Deductions

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

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

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