Fixed Asset Accounting - 1 day

The purpose of this seminar is to broaden your knowledge of fixed asset control and accounting for wholly-owned, joint and unit operations of inventory procedures and of oilfield equipment. This seminar will be of interest to Fixed Asset Clerks, Junior Inventory Personnel, and others who require exposure to the principles and practices of Fixed Asset Control used in the petroleum industry.

Agendas: Lecture Topics

Unitization

Life Cycle of an Asset

Capital vs Expense

Tangible vs Intangible

Controllable vs Non-Controllable

Transfer Pricing and Terminology

Idle and Surplus Equipment

Inventory Controls

Asset Records

Main Frame Concept

- P.C. Concept

- Manual

Physical Inventories

Material Control at Gas & Other Plants

FEE: (does not include GST)

Members - $315.00

Non-Members - $390.00

Instructor:

H. Postma

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