Module Overview
The course mainly focuses on the application of International Finance Reporting Standards (IFRS) to the upstream oil and gas industry. It looks at the core IFRS Standards (IFRS), illustrating their application by reference to oil and gas case studies and looks at those standards which specifically apply to oil and gas activities and how they are being implemented by the sector.
The course will look at those areas which have led to the greatest impact on results or workload in converting from national GAAP to IFRS, areas which have given most concern to regulators and auditors and update you on recent and forthcoming developments.
Particular emphasis is given to accounts of extractive industries/oil companies