CAPPA Seminar:
“Joint Venture Accounting Basics for Production Accountants”

Click Here To Register

Tuesday, April 5, 2016

8:30 am – 12:00 pm

Venue: University of Calgary, Downtown Campus, 906 – 8th Ave. SW, Calgary, AB

Check lobby screen for event room number.

Day of Registration: 7:45 – 8:15

Meals provided: Light breakfast snack, morning coffee break,

Please advise of any dietary restrictions

Who will benefit:

Production Accountants – want to know more about Joint Venture Accounting?  This seminar is an ideal introduction to the basics of Joint Venture Accounting.

Topics covered:

Overview of Joint Venture Accounting Basics.

• How can Cost Centers and Divisions of Interest (DOIs) differ in the PA world and the JV world?
• What exactly is a DOI and why can there be numerous different ones per well?
• What Production Accounting items get billed out on a Joint Venture Billing (JVB), where might a PA be asked to interpret/assist?
• What are the differences between Taken in Kind (TIK) and non-TIK and where would we find non-TIK revenue and backup?
• What costs can and are allocated on a JVB that relate to Production Accounting?
• What Royalty items do we see on a JVB that could need PA review/approval?
• Should we see Crown Royalty charges on our JVBs?
• How can we verify trucking/emulsion/disposal charges on a JVB?
• What is the difference between non-op and non-op TIK?

Seminar Format:

This workshop is an interactive, instructor-led session. Participants will develop an understanding of Joint Venture Accounting basics by looking at specific examples and through class discussion.

Speaker:

Kent Geddes

Kent has 30 years’ of industry experience working in a variety of company size and has been both a Consultant and employee during this time.  Kent brings seasoned expertise in Allocations, GCA, Royalties, Joint Venture, System Setup and Production Accounting.  Kent is a CAPPA Instructor at both SAIT and MRU and is currently consulting as a Senior Production Accountant.

Price:

Members $229 plus GST

Non-members $279 plus GST (not a member? Click here to apply for membership)

Registration deadline: midnight March 29, 2016

Cancellation policy:

Cancellations must be received by email to office@cappa.org in order to cancel event registration.

The following refund policy applies to this event:

Full refunds will be given if cancellation to CAPPA occurs prior to midnight on March 22, 2016

A 50% refund will be given if cancellation to CAPPA occurs prior to midnight on March 29, 2016

Refunds will not be given after February 19th.

A $20 administration fee is applies to full and partial refunds.

Registration, however, may be transferred to another attendee without an administration fee. Please notify CAPPA of the transfer to another attendee. The original registrant would be responsible to sort the payment out offline with the new attendee.