Professional development program on International financial reporting standards (IFRS) for gas & oil companies, 22 – 29 May 2017

This six day course is designed for officials responsible in accounting, auditing and financial managers, contributing to the decision making process  for the gas, oil and mining companies. International Financial Reporting Standards (IFRS) provide the basis for company reporting in an increasing number of countries around the world. The pace of standard-setting from the International Accounting Standards Board (IASB) has been intense in recent years, with a constant flow of changes for companies to keep up with. One of the biggest challenges of any reporting standard is how best to interpret and implement it in the context of a specific company or industry.

It is not just the IFRSs that are constantly evolving, but also the operational issues faced by energy and utilities companies. The training would focus on some of the main developments in this context with a selection of reporting topics that are of most practical relevance to energy and utilities companies’ activities. The focus of the training will be in three parts firstly on the accounting issues, followed by financial instruments and other issues.  The theoretical base for this training will be from the IFRS standards that are listed in the appendix of the course contents. Each of the aspect that will be dealt in the training will be in tune within the IFRS standard listed. Each aspect that will be dealt in the training will be supported by discussion complemented with comprehensive case studies and practical examples.

Titas Gas is playing a significant role to strengthen the socio-economic condition of a developing country like Bangladesh, even pioneering in saving foreign currency by ensuring expected use of natural gas. As a leader among gas distribution companies, contribution of Titas Gas to the Bangladesh Economy is as evident as its eternal flame to the total economy of the country. Titas Gas has fulfilled 50 years of its operation on 19 November, 2014. Main objective of the company is to supply natural gas to customers of different categories under Titas Franchise Area, thereby reducing dependency on imported liquid fuel. 

Objective: The course will provide a comprehensive overview of International Financial Reporting Standards (IFRS) oriented to the accounting and auditing practices in the oil and gas industries. By the end of the course, the participants expected to be able to evaluate the accounting and financial challenges in the implementation and practices of IFRS facing the oil and gas sector. The participants would be able to comprehend energy and utilities value chain and significant accounting issues.

TIMING: The training program will be held during 22 – 29 May 2017 (excluding travel time). The participants will arrive at Surabaya on 21 May 2017 and leave from Bali, Denpasar on 30 May 2017.

VENUE: Surabaya and Bali, Indonesia

CLIENT/DONOR: Titas Gas Transmission & Distribution Company Limited

PARTICIPANTS:  The participants for this course will be selected by Titas Gas Transmission and Distribution Company. It is expected that there will be 16 participants from TGTDCL attending this program.

COURSE DIRECTOR:   Mr. Fazle Karim

COURSE COORDINATOR(S):     Mr. Agus Prajogo & Mr. Syed Muntasir Husain Bokhari

CONTACT :Mr. Fazle Karim

Head, Information Technology & Engineering

AIT Extension, Asian Institute of Technology


Phone: 02 524 5311