SAP and Joint Venture Accounting - (Diploma-Postgraduate)
Training
In Al Farwānīyah (Kuwait)
*Indicative price
Original amount in GBP:
£ 8,000
Description
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Type
Training
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Location
Al farwānīyah (Kuwait)
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Duration
10 Days
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Start date
Different dates available
Suitable for: Joint Venture Accountants. Oil and Gas Accountants. Financial Accountants. Chief Financial Officers. Venture Capitalists. Treasury Officials. General Accountants. Management Accountants. SAP Programmers. SAP Accountants. Internal auditors. Public accountants. Assets accountants. Attorneys. Human Resource (HR) Officers who need an overview of SAP system and Joint venture Accounting. Any non-financial managers who are required to read, interpret, and contribute to oil and gas accounts
Facilities
Location
Start date
Start date
Reviews
Course programme
Course Outline
Module 1 – Sales and Accounts Receivables
How to raise a Sales Invoice
Mapping correct accounts to Sales Invoice
Component of Oil and Gas Sales
Managing Accounts Receivable
Customer Data Base Maintenance
Aging Analysis
Approval lines for Sales invoices
Module 2 – Purchases and Accounts Payable
Contract Set up in SAP
Map Purchase orders to Contracts
Purchase order approval process in SAP
Map Purchase order to cost ledger accounts
Set up payment terms in SAP
System to prompt for payment run
Module 3 – Fixed Asset Accounting
Set up Fixed Asset parameters for :
Exploration Wells
Appraisal Wells
Development Wells
Subsea Equipments
Flowlines
Moveable Assets
Determine Asset Classes
Sub – classes
Asset Description
Set up Depreciation parameters
Run monthly depreciation testing
Maintain an Asset Register on SAP
Module 4 – Project Accounting
Cost Centre, Resource codes set up
Map GL accounts to Cost Centre and Resource Codes
GL accounts to roll up to correct cost headings
Map Cost Centres and or Resource codes to Projects
Identifying all Project costs via cost centres or resource codes
Report generation along project lines
Generate Profit and Loss account by Projects
Set up Project Reports that can be understood by Project Managers
Module 5 – Joint Venture Accounting
Cut Back Process
Partners share
Billable and Recoverable
Authorisation for Expenditure (AFE)
Billable and Non-Recoverable
Non-Billable and Non-Recoverable
Exclusive
Implementing Joint Venture accounting agreements within the SAP system
Account Reconciliation
Joint Venture Reports
SAP and Joint Venture Accounting - (Diploma-Postgraduate)
*Indicative price
Original amount in GBP:
£ 8,000