For decades, the education system in Uganda has provided accounting training for several Sectors. Little attention has been focused on specialized industries such as the petroleum industry. With the discovery of Oil in Uganda, the need to specialized skills in petroleum Accounting has increased drastically. Therefore in a move to meet this ever increasing demand, the Uganda Institute of Petroleum Studies has introduced petroleum accounting.
This course is designed to introduce students to the fundamentals of oil and gas accounting, different accounting principles and procedures prevalent in the petroleum industry and accounting framework of petroleum industry.