Training Financial Reporting for Joint Ventures in the Oil & Gas Industry

Training Financial Reporting for Joint Ventures in the Oil & Gas Industry

What is Financial Reporting for Joint Ventures in the Oil & Gas Industry Training Program?

This training program, Financial Reporting for Joint Ventures in the Oil & Gas Industry, is designed to strengthen participants’ understanding of joint venture accounting and financial reporting practices specific to Indonesia’s upstream oil and gas sector. The course provides comprehensive coverage of Production Sharing Contracts (PSC), SKK Migas reporting requirements, and applicable accounting standards (IFRS and PSAK), with a focus on both Gross Split and Cost Recovery schemes. Through interactive discussions, real-life case studies, and practical exercises, participants will enhance their technical competency in cost allocation, expenditure reporting, and audit preparation—ultimately improving accuracy, compliance, and coordination across joint venture operations.

Objectives Financial Reporting for Joint Ventures in the Oil & Gas Industry Training

The primary objectives of the training are to:

1. Strengthen understanding of financial reporting requirements for joint ventures in the Indonesian oil and gas industry.
2. Build capability in preparing and analyzing joint venture financial statements under Gross Split and Cost Recovery Scheme, including cost allocation, cost recovery, deductible expense and audit processes.
3. Enhance knowledge of regulatory frameworks such as SKK Migas reporting requirements, PSC financial obligations, and relevant accounting standards (IFRS, PSAK).
4. Improve coordination and communication between internal teams and joint venture partners regarding financial matters.

Contents Financial Reporting for Joint Ventures in the Oil & Gas Industry Training

1. Overview of Joint Venture Arrangements in Oil & Gas
   • Types of joint ventures and operator/non-operator roles
   • Key clauses in Joint Operating Agreements (JOA) and PSCs
2. Financial Reporting Framework
   • Relevant accounting standards (IFRS/PSAK 66: Joint Arrangements)
   • Differences between PSC and non-PSC financial reporting

3. Gross Split and Cost Recovery Schemes
   • Cost categorization (shareable vs. non-shareable; recoverable vs. non-recoverable)
   • Cost sharing among partners
   • Reporting templates and SKK Migas guidelines
4. Budgeting, Forecasting, and Expenditure Reporting
   • Annual Work Program & Budget (WP&B)
   • Authorization for Expenditure (AFE)
   • Variance analysis and reporting
5. Audit and Compliance
   • Joint venture audit process
   • Common audit findings and best practices for compliance
   • Documentation and record-keeping requirements
6. Case Studies and Practical Exercises
   • Sample JV financial statements
   • Real-life case analysis from Indonesian oil & gas context

Pilihan Metode Training Fleksibel

Online Training – Efisien dan Praktis

• Harga: Rp 4.900.000
• Durasi: 4 jam/hari × 2 hari
• Kuota Min: 1 peserta
• Platform: Zoom/Google Meet
• Fasilitas: Modul digital, sertifikat training, pengiriman sertifikat

Offline Training – Pengalaman Pembelajaran Optimal

Yogyakarta: Rp 7.900.000 (Hotel Malyabhara/El Royal, modul lengkap, training kit, coffee bre