FQR PRINCIPLE AND APPLICATIONS IN PSC MODEL

February, 10th -12th 2010 Yogyakarta


This training discuss about the financial management aspect for Oil & Gas Industry areas including how the financial reporting management matter applied to production sharing agreement business as the unique model in the Indonesia Upstream Oil & Gas sectors.

TRAINING OUTLINE
• The Characteristic Features of the Oil and Gas Industry
• The Business Finance Cycle Applied to the Upstream Oil & Gas Industry
• Production Sharing Agreements (PSA)
• The Major Accounting Statements
• The Vital Dimension of Cash Flow
• Basic Principle of Financial Reporting for Upstream Oil & Gas Company
• Financial Reporting Procedure
- Explanation of variances between actual and budget
- Use of Revised Budget in report
- Estimated Expenditure for third month – of a quarter
- Timing of Submission of financial plan report
• Preparation of Financial Report
- Financial Status Report
- Key Item Analysis
- Inventories and Reserves Analysis
- Expenditure Summary
- Exploration and Development Expenditure Summary
- Production Expense Analysis
- Administrative Expense Analysis
- Fixed Asset Status and Depreciation Expense Report
- Project Status Report
- Lifting Share Analysis
• Key Performance Indicator Case Study
• Best Practiced : Financial Reporting

INFORMATION & REGISTRATION
Phone : (62-21) 798.0210
Fax : (62-21) 798.0170