Oil and Gas Accounting

Theoretical Background

The Oil and Gas Accounting course will give you the opportunity to achieve good appreciation of oil and gas on the environment and attempts to mitigate those impacts; basic knowledge of the petroleum industry for the purpose of understanding the terminology and processes used in accounting for oil and gas; understanding of the accounting, using international financial reporting standards as they apply to reporting to investors and external users; basic knowledge of income tax rules as they apply specifically to the oil and gas industry; understanding and management of oil price risk using various tools; explanation and accounting for various forms of oil and gas contracts; making disclosures required in oil and gas industry; understanding of topical issues in oil and gas accounting.

The Course Faculty, Mr. Foley D. Freeman ACCA, holds a Master degree in Agricultural Economics and postgraduate diploma from the University of Ibadan, Nigeria, a professional level certificate from the Association of Certified Chartered Accountants (ACCA) and a Diploma in Value Chain Development from MDF, the Netherlands.

He has worked severally as an accountant and financial manager for local and regional organizations. He has also worked as an assistant manager for an international accounting and business advisory firm, where he managed a portfolio of top-notch clients, including a large agricultural company involved in palm production, manufacturing company and financial institutions. Freeman ACCA has also served as consultant to some reputable institutions, including UNDP, UNCDF, the Central Bank of Liberia and USAID.

The Course Faculty has vast experience in teaching and knowledge and skills transfer in the sub-region. He worked as a lead trainer for an organization hired by Oxfam to conduct accountancy training for more than 20 organizations funded by that organization. He was also hired to develop a training module and train more than 100 youths in Northern Ghana in enterprise management and record keeping. More recently, the course professor was a lead consultant in a project designed to transition a bank from local GAAP to International Financial Reporting Standards.

Foley D. Freeman ACCA, MSc, BSc (Hons)

Course Materials:

In addition to printed-matter, course resources will be available at the Flowers Online Learning portal, enriched through case studies and practical exercises.

Course Length: Seven (7) Saturdays

Teaching Method:

Instructor-led in-class face-to-face, highly participative and practice-oriented

Who should attend:

Course level: Graduate level

Time: 10:00 – 16:00

Course fee: 1750 GHC

Mode of payment: In full, upon registration

Award: Graduate Certificate in Oil and Gas Accounting