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OG-005

Joint Venture (JV) Accounting in Oil and Gas Industry

Intensive 5-day course · English, Arabic & European languages

This five-day programme trains finance professionals and project managers to handle joint venture (JV) accounting in the oil and gas sector. Delegates examine JV structures, cost allocation methods and IFRS requirements to ensure accurate reporting and cost control.

Classroom

Public courses in our cities

  • 26–30 Oct 2026Abu Dhabi£4,200 + VAT
  • 26–30 Oct 2026Riyadh£4,200 + VAT
  • 9–13 Nov 2026Istanbul£2,280 + VAT
  • 23–27 Nov 2026Jeddah£4,200 + VAT
  • 23–27 Nov 2026Doha£4,200 + VAT
  • 14–18 Dec 2026Vienna£3,400 + VAT
Show 26 more dates
  • 28 Dec – 1 Jan 2026Muscat£3,080 + VAT
  • 28 Dec – 1 Jan 2026Abu Dhabi£4,200 + VAT
  • 4–8 Jan 2027Munich£3,400 + VAT
  • 18–22 Jan 2027Casablanca£2,280 + VAT
  • 1–5 Feb 2027Amsterdam£3,400 + VAT
  • 15–19 Feb 2027Manama£3,080 + VAT
  • 8–12 Mar 2027London£3,360 + VAT
  • 22–26 Mar 2027Amman£3,400 + VAT
  • 12–16 Apr 2027Istanbul£2,280 + VAT
  • 26–30 Apr 2027Madrid£3,400 + VAT
  • 10–14 May 2027Vienna£3,400 + VAT
  • 24–28 May 2027Berlin£3,400 + VAT
  • 7–11 Jun 2027Munich£3,400 + VAT
  • 21–25 Jun 2027Milan£3,400 + VAT
  • 5–9 Jul 2027Amsterdam£3,400 + VAT
  • 19–23 Jul 2027Malaga£3,080 + VAT
  • 9–13 Aug 2027London£3,360 + VAT
  • 23–27 Aug 2027Sarajevo£3,400 + VAT
  • 13–17 Sep 2027Istanbul£2,280 + VAT
  • 27 Sep – 1 Oct 2027Dubai£4,200 + VAT
  • 11–15 Oct 2027Vienna£3,400 + VAT
  • 25–29 Oct 2027Riyadh£4,200 + VAT
  • 1–5 Nov 2027Munich£3,400 + VAT
  • 15–19 Nov 2027Doha£4,200 + VAT
  • 6–10 Dec 2027Amsterdam£3,400 + VAT
  • 20–24 Dec 2027Geneva£4,200 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

Can't make these dates? We can run this course for your team on dates that suit you. Ask for custom dates · In-house options

Online (live)

With a trainer, on dates to suit your team

This course can be taught live online by a trainer, in English, Arabic or any European language, for one person or a whole team.

£1,850 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

Special requests

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Joint Venture (JV) Accounting in Oil and Gas Industry

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Course overview

Oil and gas projects carry high financial exposure. This forces companies to share risks and capital commitments through joint ventures. Accountants, auditors and managers need a firm grasp of the commercial frameworks and reporting obligations that govern these partnerships.

The training introduces the different joint venture structures used across the sector. Delegates explore the specific accounting methods applied to joint operating agreements. They learn how to record borrowing costs, development expenditures and cash calls. The programme details cost allocation techniques and tax treatment procedures.

Delegates also review the wider financial standards affecting oil and gas joint ventures. The final days cover revenue recognition, asset control, joint interest billing and how International Financial Reporting Standards (IFRS) apply to reserves, resources and embedded derivatives.

Course objectives

By the end of the course, delegates will be able to:

  1. Evaluate joint venture structures used in the oil and gas industry
  2. Implement the correct accounting methods for joint arrangements
  3. Apply techniques to control financial risk and reduce costs
  4. Record development and operational costs according to IFRS
  5. Support commercial decision-making in joint venture management

Who should attend

This course suits:

  • Managers and directors
  • JV accountants and auditors
  • Financial and investment analysts
  • Financial reporting managers and treasurers
  • Cost controllers and executives
  • Government regulators
  • Project managers and team members
  • Budgeting officers
  • Regulatory compliance officers

Training methodology

  • The course is delivered online through an e-learning platform.
  • Delegates complete industry-based exercises and case studies to apply accounting concepts to practical scenarios.

Daily agenda

  1. Day 1

    Joint ventures in the oil and gas industry

    • Features of the oil and gas sector
    • Oil and gas accounting fundamentals
    • The impact of regulation and market volatility
    • IFRS principles versus US GAAP
    • Primary reasons for entering a joint venture
  2. Day 2

    Joint venture structures

    • Defining joint ventures and their characteristics
    • Advantages and disadvantages of JVs
    • Types of JV agreements
    • The role of JVs in the industry
    • Distinguishing between joint ventures and partnerships
  3. Day 3

    Accounting methodologies for joint ventures

    • JV accounting methods
    • Joint operating agreement accounting procedures
    • Borrowing costs and development expenditures
    • Cost allocation methods
    • Cash call methodologies
    • Tax treatment accounting
  4. Day 4

    Accounting solutions and cost control

    • Revenue recognition issues
    • Asset control and de-recognition
    • Cost control and management systems
    • Inventory valuation issues
    • Budgeting and authorisations for expenditure
  5. Day 5

    Financial standards and reporting

    • IFRS for joint ventures in oil and gas
    • Reserves and resources
    • Joint interest billing
    • Reporting expenditures
    • Financial instruments and embedded derivatives

Certificate

Every delegate who completes the course receives an ARUK Training Certificate of Attendance.

Frequently asked questions

How do I register?

Choose a date and city in the schedule and press Register, or send us an enquiry. Our team confirms your place and sends an invoice.

Are fees shown with VAT?

Fees are shown per delegate and exclude VAT, which is added to the invoice where applicable.

Can this course be delivered for our team only?

Yes. Any ARUK course can be delivered in-house at your premises, in a meeting room we book for you, or 1-to-1.

Is this course available online?

Yes. We run it live online with a trainer, on dates that suit your team, for £1,850 + VAT per delegate.

Is there a group discount?

Yes. 20% for 2 delegates, 35% for 3 delegates and 50% for 5 or more delegates on the same course.

Can the course be delivered in Arabic or another language?

Yes. Our courses can be delivered in English, Arabic or any European language, by a trainer who teaches in that language. Mention your preferred language when you register or enquire.

What certificate will I receive?

An ARUK Training Certificate of Attendance.

Related courses

Register

Joint Venture (JV) Accounting in Oil and Gas Industry

Key booking terms (read before you register)
  • The full fee is paid in advance, before the course starts.
  • Cancel in writing 30 or more days before the start date (45 for in-house) for a refund. Later than that, the full fee is payable.
  • No refund for non-attendance or partial attendance.
  • Places are for the named delegate only; another person cannot attend instead.
  • Moving to another date or city is only possible if ARUK agrees in writing.
  • Travel, accommodation and visas are your responsibility. A refused visa does not change the cancellation terms.

booking terms and conditions

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Joint Venture (JV) Accounting in Oil and Gas Industry