Account Payable, Account Receivable, and Material Control in Oil & Gas Upstream Operation

Account Payable, Account Receivable, and Material Control in Oil & Gas Upstream Operation

 

Description :

This three-day intensive and practical program is designed  to enhance participants knowledge of understanding the transaction, process, report and daily practices of  Account payable, Account Receivable and Material Control (Accounting). Particular emphasis will be placed on the structure and mechanism of the transaction and report to each respective areas and participants will be encouraged to have a strong understanding by actively involved during the discussion so that they can apply back in their workplace

Outline :

Accounts Payable

·         Invoice processing

·         Commitment Control/Retention

·         Prepaid for Fuel Purchase

·         Reconciliation

Accounts Receivable

·         Back Charges to Third Parties

·         Employee Expense Account

·         Prepaid Expenses

·         Sales

·         VAT Invoices

·         Deposit

·         Write Off

·         Reconciliation

Material Control

·         General

·         Inventory costing methods

·         Material Transfers

·         Physical Inventory

·         Reconciliation

·         Reports

·         Write Off

Who should attend :

Materials/Account Payable/Account Receivable Accountant, Oil & Gas Accountant & Supervisors, Auditors, Planning & Budgeting Analyst, Operation / Drilling / Production Accountants, Drilling / Petroleum / Exploration Engineers, Other professional wish to refresh and extend their knowledge and skills in  Material Accounting, Account payable and Account Receivable in the oil & gas industry.