Accounting and financial management within the oil and gas industry requires special knowledge and training. This includes an understanding of oil and gas accounting standards and tax rules, as well as requirements relative to financial reporting within the industry. Education in oil and gas accounting is most often pursued as a part of continuing education for accountants and other financial professions. However, some colleges and universities now offer undergraduate and graduate classes in oil and gas accounting.
Enroll in an undergraduate accounting or financial management program. A strong foundation and basic understanding of accounting principles is needed before pursuing coursework or professional education in oil and gas accounting.
Complete introductory classes in general accounting and business like Economics, Financial Reporting, Business Finance, Business Law, Statistics and Managerial Accounting.
Complete intermediate coursework in accounting and finance, including Intermediate Accounting, Accounting Information Systems, Federal Income Tax and Cost Management.
Complete advanced coursework in accounting and finance such as Advanced Accounting, Corporate Taxation, Auditing and Accounting Research.
Oil and Gas Accounting Courses
Research courses, conferences and upcoming seminars in gas and oil accounting. Begin with the "Big Four" accounting firms such as Deloitte and Touche, as well as professional continuing education companies like Professional Education Services or American CPE. Your local or state association for public accountants may also have pertinent information. If enrolled in a college accounting program, check with your adviser to see if classes are offered at the university. College classes in oil and gas accounting are offered only at the junior, senior or graduate level.
Compare and contrast learning modules. Training may be as short as a one-day seminar or as long as a semester. Topics covered may include costs, taxes and international accounting issues, as well as contractual law, business consolidations and joint ventures and oil and gas terminology.
Register and pay for your chosen course or program. Overnight seminars and conferences may require additional feels for lodging, meals and special events.
Things You Will Need
- Prerequisite/Undergraduate Training in Accounting and Financial Management
- Course/Seminar Information
- Registration Forms
- Class, Conference or Seminar Fee
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