PETROMINDO'S ACCOUNTING & FINANCE SERIES
WP&B AND FORECASTING IN OIL & GAS
(Based on PSC Cost Recovery and PSC Gross Split)
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Workshop Leader
Dr. A RintoPudyantoro., MM., Ak., CA.
Senior Manager of Tax & Levies – SKKMIGAS
He has been working over 26 years in the upstream Oil and Gas Industry, including 10 years in Vico Indonesia, 4 years in BP Indonesia and in 2004 he worked as a Senior Manager - Revenue Accounting and Government Income at BP Migas and the current positions is Senior Manager Taxation and Levy in SKK Migas.
His Graduate of the Accounting University of Gajah Mada (UGM) – Yogyakarta and Magister Management International Finance from Business Institute of Indonesia (IBII) – Jakarta. He obtained S3 Degree - Ph.D. in Resources Economics from Bogor Institute of Agriculture (IPB). 2011 .
His experience in Lecture and Trainer from 2005 – current, in Economics such as Resources Economics, Petroleum Economics, Fiscal and Regional Economics. And also in Financial and Accounting Oil & Gas: PSC accounting, Project Economics and Plan of Development, Budgeting & Reporting, PSC Taxation, International Oil & Gas Petroleum Accounting.
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Who Needs This Program
Practical & Consulting
He is a corporate financial executive with a US public corporation, leading global IFRS and US GAAP reporting group. He was Senior Audit Manager and National IFRS conversion specialist with PwC in Houston.
Course Schedule
Day-1
Introduction
- Changes and latest issue in the upstream oil and gas sector in Indonesia
- The future of Indonesian upstream oil and gas
Budgeting & Forecasting: Based on PSC
- The importance of budgeting & forecasting in Oil & Gas Businesses
- Budgets vs forecast
- Choosing the right model; available contracts
- Philosophy of cost recovery PSC
- Implementation of Cost Recovery PSC
Budgeting for oil and Gas : WP&B and Forecasting
- Philosophy of WP&B
- Different approaches to budgeting
- The content of WP&B and its purposes
- Authorization for Expenditures (AFE)
- Collecting and Examining data
- Smoothing technique
- Sensitivity analysis
Day-2
Oil & Gas Budgeting Process
- Manual WP&B 2015
- Scope of budgeting
- PTK SKK Migas which relates to budgeting and reporting
- Creating key performance indicators for oil & gas financialand non-financial performance
- Spreadsheet for budgets
Forecasting
- Assumptions
- Forecasting sales
- Forecasting cost
- Forecasting CAPEX and Depreciation
- Sensitivity analysis
- Regression analysis
- Time series analysis
- Expected values
- Budgetary control and variance analysis
PSC Gross Split
- Purpose and design
- Basic principles under the Gross Split PSC
- Fiscal term
- Implications in finance and taxation
- SKK Authority and relationship with KKKS
- Budgeting and forecasting based on PSC Gross Split
- Analysis PSC Cost Recover Vs PSC Gross Split
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Date and Venue |
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Rabu - Kamis,
12 - 13 April 2017
MERCANTILE ATHLETIC CLUB - JAKARTA
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| Language |
Indonesia
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| Investment |
Rp.9.500.000,-* / Participant
*) Including Workshop Materials, Coffee Breaks, Luncheon, and Certificate
*) Cancellation Fee : 7 days before the event : 80%
*) Early Bird Rp. 8.500.000,- / (before March 25, 2017)
*) Group Discount Enjoy 15% discount for 3 person for 1 companies
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| Contact Us |
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Hunting : 021-7226564
Fax: 021-7226567
Email: businessevent@petromindo.com
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DOWNLOAD
REGISTRATION FORM |
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A to Z Bisnis Hulu Migas |
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