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DTSTART;TZID=Asia/Krasnoyarsk:20250609T083000
DTEND;TZID=Asia/Krasnoyarsk:20250611T160000
DTSTAMP:20260606T225151
CREATED:20241122T160422Z
LAST-MODIFIED:20250105T024838Z
UID:980-1749457800-1749657600@smart-training-center.com
SUMMARY:PSC Accounting with the current issues Gross Split and Oil & Gas Law revisions
DESCRIPTION:PSC Accounting with the current issues Gross Split and Oil & Gas Law revisions\nBackground & About the Course:\nProduction Sharing Contract (PSC) accounting is a fundamental aspect of the oil and gas industry\, designed to ensure compliance with regulations and optimize financial management. With the evolution of Indonesia’s oil and gas landscape\, the adoption of the Gross Split scheme and recent revisions in Oil & Gas Laws have brought significant changes that impact PSC operations\, taxation\, and reporting. \nThis course aims to equip participants with a comprehensive understanding of PSC accounting principles\, focusing on the latest regulatory developments and their practical implications. Through this program\, participants will gain the skills to adapt their accounting practices to align with the Gross Split scheme and recent legislative changes\, ensuring accuracy and compliance. \nCombining theoretical foundations with real-world case studies\, this course is designed for professionals seeking to deepen their expertise in PSC accounting while staying updated with current issues affecting the industry. \nTraining Objectives:\nAfter completing this course\, participants will be able to: \n\nUnderstand the key principles of PSC accounting\, including cost recovery and revenue sharing.\nAnalyze the implications of the Gross Split scheme on PSC accounting and operations.\nNavigate recent revisions to Indonesia’s Oil & Gas Laws and their impact on financial reporting.\nApply best practices in managing PSC-related financial transactions and audits.\nInterpret and implement changes in regulatory compliance for PSC\nApply PTK 059 – Kebijakan Akuntansi Kontrak Kerjasama and PTK 066 – Kebijakan Akuntansi PSC Gross Split effectively in their roles.\nMaster the fundamentals of cost accounting and income sharing in PSC agreements.\n\n\n\nWho Should Attend:\nAccountants\, Business Controller\, Cost Control\, Consultants\, Economists\, Lawyers\, Financial analysts and planners\, Company executives\, Tax Managers\, Engineering managers\, Exploration managers \n\n\nCourse Contents:\n\nIntroduction:\n\n\n\n\nOil and gas business: Current Issues\nOil and Gas in Indonesia for next generation\n\n\n\n\nOil and Gas Law:\n\n\n\n\nCurrent issues\nThe revision of Oil and Gas Law: Many options to declare\nGR 79 and the financial impact\n\n\n\n\nThe PSC Philosophy:\n\n\n\n\nSpirit under PSC Cost Recovery\nThe reason using the PSC Model\n\n\n\n\nProduction Sharing Contracts:\n\n\n\n\nBasic Principals\nManagement Control\nFinancial Aspect\nAccounting Procedure\n\n\n\n\nFinancial and Economic Aspects of Production Sharing Contracts:\n\n\n\n\nFirst Tranche Petroleum\nInvestment Credit\nOperating Costs\nIncome Sharing\nDomestic Market Obligation\n\n\n\n\nPSC Cost Recovery Calculation:\n\n\n\n\nAccounting simulation and calculation\nSensitivity of Price\, Cost & Lifting\nPricing of oil and gas\nJoint lifting and individual lifting\nOver under lifting calculation\n\n\n\n\nPSC Gross Split (GS):\n\n\n\n\nConceptual of PSC GS\nThe Financial impact\nEconomics calculation simulation\nFinancial operation aspect\n\n\n\n\nPSC Accounting\, GAAP & IFRS\n\n\n\nABOUT THE COURSE LEADER:\nDr. A. Rinto Pudyantoro\, MM\, Ak\, CA has over 30 years of experience as an upstream oil and gas business practitioner. He began his career at VICO Indonesia\, where he worked for nearly 11 years\, followed by 4 years at BP Indonesia. He then dedicated 16 years to BP Migas and SKK Migas. \nUntil the end of May 2022\, Dr. A. Rinto Pudyantoro served as the Head of the Program and Communication Division at SKK Migas. Prior to that\, he held the position of Head of SKK Migas’ Papua and Maluku Representative Office. Rinto also worked in Oil and Gas Taxation at SKK Migas and handled Revenue Accounting and the State Budget (APBN). \nRinto has authored several books on the upstream oil and gas business\, including A to Z Bisnis Hulu Migas\, Dialog Tanya Jawab Migas\, Projek Hulu Migas-PetroEkonomi\, and his latest work\, Bisnis Migas – Menakar Persoalan. Additionally\, he has published more than 30 opinion pieces on oil and gas and upstream oil and gas business topics in various print and online media outlets.
URL:https://smart-training-center.com/event/psc-accounting-with-the-current-issues-gross-split-and-oil-gas-law-revisions/
LOCATION:Jakarta
CATEGORIES:Engineering,Finance,Oil & Gas,Production Operation
ATTACH;FMTTYPE=image/jpeg:https://smart-training-center.com/wp-content/uploads/2024/11/PSC-Planning-Control-POD-WPB-AFE.jpg
ORGANIZER;CN="PT Fiqry Jaya Manunggal":MAILTO:info@fiqry.com
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