📊 Financial Statements Consolidation & Investment Accounting for Oil & Gas Companies

Overview

📘 Course Description

This course provides comprehensive training on the preparation of consolidated financial statements and accounting for investments in subsidiaries, associates, and joint ventures under IFRS and US GAAP. Participants will learn advanced techniques for consolidation, intercompany eliminations, purchase price allocations, and equity method accounting — all tailored for oil & gas businesses with complex corporate structures.

🎯 Learning Objectives

✅ Prepare consolidated financial statements compliant with IFRS 10/IAS 27 & ASC 810
✅ Understand accounting treatment for subsidiaries, associates, and joint ventures
✅ Apply purchase price allocation (PPA) & goodwill calculation
✅ Perform intercompany eliminations and minority interest calculations
✅ Interpret consolidated financials for strategic decision-making

👥 Who Should Attend

Finance & accounting professionals
Auditors & controllers
Financial managers & CFOs
Joint venture accountants
Professionals involved in M&A and group reporting

🗂️ Training Format

✅ Advanced lectures with IFRS & US GAAP coverage
✅ Detailed step-by-step consolidation workshops
✅ Group exercises with real-world oil & gas structures
✅ Interactive case studies and discussions

📅 Day-by-Day Agenda with Time Breaks

📅 Day 1: Group Accounting Basics & Scope of Consolidation

Time	Topic
08:30 – 09:00	Course Introduction & Objectives
09:00 – 10:30	Group Structures: Subsidiaries, Associates, JVs
10:30 – 10:45	☕ Coffee Break
10:45 – 12:15	IFRS 10, IAS 27, and ASC 810: Control & Significant Influence
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Identifying Entities to Consolidate
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Determining Effective Ownership & Control

📅 Day 2: Consolidation Process & Intercompany Eliminations

Time	Topic
08:30 – 10:00	Consolidation Methods: Line-by-Line vs Equity
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Step-by-Step Consolidation Procedures
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Intercompany Transactions: Sales, Loans, Dividends
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Eliminations Workshop: Hands-on Consolidation Exercise

📅 Day 3: Purchase Price Allocation (PPA) & Goodwill

Time	Topic
08:30 – 10:00	Acquisition Accounting & PPA Requirements
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Calculating Goodwill & Identifying Intangibles
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Bargain Purchases & Impairment of Goodwill
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Group Exercise: PPA & Goodwill Calculation

📅 Day 4: Accounting for Investments & Non-Controlling Interests

Time	Topic
08:30 – 10:00	Equity Method Accounting for Associates
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Joint Ventures: Proportionate vs Equity Method
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Non-Controlling Interest (NCI) Recognition & Disclosure
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Consolidation of Multi-Level Ownership Structures

📅 Day 5: Advanced Topics & Disclosures

Time	Topic
08:30 – 10:00	Currency Translation in Consolidation (IAS 21)
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Disposals, Partial Acquisitions & Deconsolidations
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Consolidation Disclosures & Reporting Requirements
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Final Workshop: Consolidating a Complex Oil & Gas Group & Wrap-up

📦 Materials Provided

✅ Course manual & IFRS/US GAAP consolidation guides
✅ Consolidation worksheets & templates
✅ Practical case studies with step-by-step solutions
✅ Certificate of Completion

Target audiences

Reservoir Engineers, Geologists

$ 5,800

Course Features

Lecture 0
Quiz 0
Duration 5 days
Skill level All levels
Language English
Students 40
Assessments Yes