Principles of Revenue Accounting: Boot Camp (Dallas)

Event Description

 COPAS Energy Education

Principles of Revenue Accounting: Boot Camp
Hosted by 
March 15 & 16, 2017 – 8AM to 5PM
12221 Merit Drive, 12th Floor
Dallas, TX 75251
Program Level: Basic                           Delivery: Group Live
CPE Credits: 16                           Prerequisites: None                                      
Advance Prep: None                    Cost: $550 (Early registration by February 16)         
                                                            $650 (After February 16)

Instructor: Salomon Tristan
Field of Study: Accounting
Refreshments and lunch provided. 
This two-day course is designed for individuals who wish to gain a basic Revenue  Accounting understanding. It is suitable for petroleum industry new hires, business professionals, investment advisors, analysts, regulators, government employees, accountants, lawyers, community leaders, and the general public.

DESCRIPTION: This course covers the following topics:
  • Industry History and Value Chain
    • History, Exploration, and Petroleum Products
  • Oilfield Operations and Production Accounting
    • Production, Flow, Measurement, and Quality
  • Oil Lease Sales Accounting
    • Contracts, Volumetric Data, and Oil Pricing
  • Oil Off-Lease Sales Accounting
    • Off-lease Contracts, Pricing, Transportation and Downstream Requirements
  • Gas Operations Production Accounting
    • Production, Processes, Gas Types and Measurement
  • Gas Lease Sales Accounting
    • Contracts, Pricing, Volumetric Data, and Accounting Entries
  • Gas Off-lease Sales Accounting
    • Contracts, Transportation, Nominations, Net-back Pricing, and Sales Entries
  • Gas Plant Accounting
    • Processing, NGLs, Contract Types, Gas Allocation, and Accounting Entries
  • Producer and Pipeline Imbalances
    • Statements and Settlements
  • Production and Severance Taxes
    • Deductions, State Differences, Tax Incentives, and Tax Audits
  • Private and State Federal Royalties
    • State Royalty Payments and ONRR Payments
  • Check Stub Processing
    • Processing Checks, Operator Questions, and Data Verification
  • Revenue Accountant Relationships
    • Data Needs, Inter-departmental Relationships, Partners and Working with Purchasers
  • Variance Analysis Analytics
    • Close Activities, Variance Analysis Process, Reconciliations, and Period Adjustments
OBJECTIVES: Upon completion of this course, you will be able to:
  • Become familiar with the upstream oil and gas industry
  • Become familiar with past and current market regulation
  • Explain the critical role of the revenue accountant 
  • Describe production processes of oil and gas products and by-products 
  • Analyze various product measurement approaches, standards and product allocation methods
  • Explain, interpret and execute the various types of lease agreements and provisions
  • Execute the sales and the entitlement methods accounting
  • Prepare complete accounting entries for common dispositions
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
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