PSC Accounting

INTRODUCTION The most important event in the operations of an oil and gas company is the discovery of reserves. Consequently, estimated reserves quantities are relied upon heavily in oil and gas accounting. For example, reserve quantities are used in computing depreciation, depletion, and amortization (DD&A) using the units-of-production method and for purposes of complying with disclosure requirements. A deep understanding of expenditure that will be recoverable through cost recovery mechanism is a mandatory to avoid unnecessary losses in upstream operations. This course will explain the elements of costs that classified as recoverable costs, how to calculate and allocate amongst the products. Depreciation methods, capital and non-capital expenditures, tangible and intangible cost are example of items that will be elaborated in this course. The discussion will also cover First Tranche Petroleum (FTP), Before-tax contractor share, Cost Recovery, Profit Oil, Income Tax, Net Cash Flow, State Take, Domestic Market Obligation (DMO). COURSE OBJECTIVES After attending this course, the participants are expected to be able to: Understand the concept and practical knowledge of the Cost Recovery and Equity Split Mechanism between State and Oil and Gas Companies, or Economics of Production Sharing Contract. Understand the process of calculation and allocation of operating costs. Understand how to calculate the share of production and how the incremental costs will affect the net contractor share. Understand the Basic Philosophy of the Integrated Financial Aspect Understand of the Fiscal Aspect of Oil & Gas Law Foundation, Fiscal Aspect of Oil & Gas Law Foundation, Fundamentals of Exploration Agreement, Taxation and its Implications on the Field Development Economic Calculation DISCUSSION AREAS Investment Consideration of Petroleum Operation Principals in Oil & Gas Exploration Agreement Financial Aspect of Oil & Gas Law Foundation and Land Acquisition Process in Indonesia Oil Mining Taxation Production Sharing Contract Financial Economic Case COURSE SUBJECTS 1. Petroleum Operation Investment Consideration Economic Consideration of Exploration Aspect Field Development Field Operation Selling Price Issue Income Sharing Issue 2. Principals in Oil & Natural Gas Exploration Agreement Land Acquisition Control Mechanism of Host Country Operation Mineral Right Ownership 3. Financial Aspect of Oil & Gas Law Foundation and Land Acquisition Process in Indonesia 4. Production Sharing Contracts Basic Principals Management Control Financial Aspect Accounting Procedure 5. Development of Production Sharing Contract Generation Concession Agreement Work agreement Contract Production Sharing Contract Technical Assistance Contract Contract Production Sharing Joint Operating Agreement 6. Financial and Economic Aspects of Production Sharing Contracts First Tranche Petroleum (FTP) Investment Credit Domestic Market Obligation (DMO) Income sharing Operation Costs 7. Comparison of Accounting Methods Successful Effort Full Costing Production Sharing Contract 8. Incentive Package and its Implication 9. Oil & Gas Mining Taxation 10. Case Study WHO SHOULD ATTEND Accountant, Auditors, Lawyer, Planning and Budgeting Staffs, Financial Analysts and Planner, Engineering Managers, Exploration Managers

Instructor DR. Wiwiek M. Daryanto, SE-Ak, MM, CMA Schedule October 19-21, 2009 3 days Venue Ibis Slipi Hotel Jakarta Tuition Fee Rp. 5.250.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR - 16143 (0251) 2169150, 9399888   ( 021) 41002917 (0251) 7534984 training@focustraco.com

Public Training Course Seminar Programs

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FOCUS offers one-to-five days short course training program divided into 2 major categories, Management and Technical.

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All the courses will be held nationwide in 13 most favorites cities in Indonesia. In-house training is also available based on the subjects covered in the Open Training course as well as further topics within our thematic framework.

Training Course Seminar & Workshop Provider

Finance Workshop for Nonfinancial Executives

Finance Workshop for Nonfinancial Executives Gain a complete understanding of the principles of corporate finance in just four days! From understanding the essence of cash flow to learning how to create value on a corporate level, this comprehensive program covers all the principles of corporate finance. Through the effective use of actual case studies and annual reports of major Indonesian companies, you’ll come away with a firm grasp of the principles of corporate finance. You’ll be better equipped to speak and interact intelligently with finance colleagues…make more informed business decisions...analyze financial statements with new clarity...know the workings of the financial markets…and understand that the core purpose of your firm is to increase shareholder value. How You Will Benefit Become grounded in all the principles of corporate finance Reduce the risk of financial errors in managerial decision making Learn how accounting and bookkeeping work Discover the ins and outs of financial statements and what can and cannot be learned from them Understand how budgeting fits into the world of accounting and the primacy of cash flow Gain greater insight into all the principles of corporate finance, including interest and ROI Find out how a firm allocates its funds to investment opportunities Gain the skills that will help you make the right buy/lease decisions Learn how to take advantage of cash discounts offered by vendors Make more profitable sales by understanding fixed vs. variable costs Monitor operating results to achieve long-term financial goals What You Will Cover Accounting essentials: booking transactions…cash and accrual methods…assets, liabilities and capital Reading annual reports: reading and understanding financial statements...SEC requirements...forms and meanings of the Auditor's Opinion...the importance of footnotes in financial statements  Seeing your firm from a finance perspective: the organization as an investment tool...classes of investors...WACC and EVA...the importance of cash and flow timing...leverage and risk Evaluating financial statements: computing financial ratios to assess liquidity, profitability, leverage and risk...the DuPont formula...merits and pitfalls of financial ratios Operational budgeting: constructing and using budgets...avoiding pitfalls...budgeting techniques, variances and hierarchies Time value of money: computing time value for money and applying the mathematics of compound interest and present value Capital budgeting: preparing and using capital budgets...applying time value of money...using various mathematical techniques How financial markets value a business: value models and financial concepts to enhance shareholder value  Cost analysis, profit planning and exposures to volume/price risks: categorizing costs to make better decisions...determining break-even levels of quantity, price and cost...understanding "operating leverage" Who Should Attend Experienced managers, general managers, directors, vice presidents and top executives in sales, marketing, production and manufacturing...as well as those in managerial positions (and up) throughout the organization who need a background in the principles of corporate finance. Note: You'll need a calculator for this seminar. Extended Training Description Learning Objectives Become Grounded in All the Principles of Corporate Finance Reduce the Risk of Financial Errors in Managerial Decision Making Learn How Accounting and Bookkeeping Work Discover the Ins and Outs of Financial Statements and What Can and Cannot Be Learned from Them Understand How Budgeting Fits into the World of Accounting and the Primacy of Cash Flow Gain Greater Insight into All the Principles of Corporate Finance, Including Interest and ROI Find Out How a Firm Allocates Its Finds to Investment Opportunities Gain the Skills that Will Help You Make the Right Buy/Lease Decisions Learn How to Take Advantage of Cash Discounts Offered By Vendors Monitor Operating Results to Achieve Long-Term Financial Goals Understanding Bookkeeping and Accounting Keep Books and Use Them to Construct Financial Statements, Including a Balance Sheet and Statement of Cash Flows Differentiate between the Cost and Accrual Methods of Accounting Categorize Assets, Liabilities, and Capital How to Read an Annual Report Read and Understand the Financial Statements of a Fortune 500 Corporation Recognize and Interpret the Portions of the Annual Report Required by the Securities and Exchange Commission Recognize the Form(s), and Meaning, of the Auditor’s Opinion Read and Understand the Importance of Footnotes in Evaluating Financial Statements The Firm from a "Finance Perspective" View the Organization from the "Finance Perspective" Discuss the Concepts of the Weighted Average Cost of Capital and EVA® Understand the Importance of Cash and the Timing of Cash Flow Explain How "Financial Leverage" Creates a Degree of Risk for the Company Evaluating Financial Statements Compute the Financial Ratios Used by Financial Analysts to Assess:                – The Liquidity of a Business              – The Profitability of a Business              – The Risk of a Business Compute the DuPont Formula, and Discuss What It Means Judge and Discuss the Merits and Pitfalls of Each Ratio Discuss with Financial People, the Meaning and Implications of "Financial Leverage" in Relation to the Associated Ratios Operational Budgeting Construct a Budget Use Budgets Efficiently Avoid Budgeting Fallacies Work with Different Budgeting Techniques The Time Value of Money Compute a Time Value for Money, and Discuss It with Financial People in Your Organization Apply the Simple Mathematics of Compound Interest and of Present Value Capital Budgeting Prepare and Use Capital Budgets Apply "Time of Money" to Capital Budgeting Use Various Mathematical Techniques in Capital Budgeting How the Financial Markets Value a Business Discuss Different Models of How the Market Values a Business Enhance Shareholder Value in Your Organization Cost Analysis, Profit Planning, and Exposures to Volume/Price Risks Categorize Costs in a Different Way, in an Effort to Make Better Business Decisions "At the Margin" Utilize a Model That Determines Break-even Levels of Quantity, Price, and Cost Understand and Discuss the Meaning of the Term "Operating Leverage" Structure Costs When Your Market Has "Volume Risks" vs. When Your Market Has "Price Level Risk"   Training Course Seminar Workshop Provider Download Training Catalog 2009

Instructor Schedule April 13-16, 2009 4 days Venue Graha Santika Hotel Semarang Tuition Fee  Rp. 6.100.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR – 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com

Fundamentals of Finance and Accounting for Nonfinancial Managers

Fundamentals of Finance and Accounting for Nonfinancial Managers Don’t let fear of finance set you back! Finance...for nonfinancial managers. It’s a topic you must understand—especially during challenging economic times when financial acumen is expected at every organizational level. You’ve got to know how to justify a request, quantify your contributions to the company and spot profit drains immediately. Because whether you're a wizard of finance or a nonfinancial manager, performance is measured the same way—in dollars and cents! Offering an accessible overview of finance for nonfinancial managers, this seminar features exactly what you need to further your career and build your future. From accruals to write-offs to receivables and payables, this workshop shows nonfinancial managers the concepts, tools and techniques that can help make each decision pay off—on the job and on the bottom line. How You Will Benefit Get a firm grasp of the numbers side of your job Gain greater confidence with a working knowledge of business  financials Learn how to “think finance” and translate performance into financial terms Cultivate proactive working relationships with finance professionals and enhance your value to the organization Understand the business dynamics of dollars and cents—and take initiatives that meet your short- and long-term goals Take the guesswork out of your decision making and deliver a better bottom line Expand your professional expertise—and your career opportunities What You Will Cover Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others The accounting process: journals and ledgers, how debits and credits work Mastering the mind-set: see business in terms of dollars-and-cents decision options that pay off—short- and long-term Basic accounting principles Applying accounting conventions and guidelines Developing working rules regarding your corporate financial statements Using the balance sheet to examine assets and liabilities Analyzing the income statement to assess revenues and expenses The statement of cash flow: sources and uses of funds Content and format of the annual report Understanding the footnotes Debt vs. equity financing How leveraging can increase return to shareholders Keeping your plan on target with budgetary controls Using profit-planning tools, break-even analysis, financial forecasting Cash flow: where cash comes from and how it's applied Elements of cost accounting Analyzing payback method, discounted cash flow, present value and present value index in making profitable capital investment decisions Criteria for examining the performance of divisions and product lines Understanding the cost of capital Who Should Attend This program is designed for nonfinancial managers in every functional area of responsibility in all industries. Note: Please bring a calculator and a copy of your annual report (if available). Extended Seminar Description Learning Objectives Make Better Bottom-Line Decisions with a Working Knowledge of the Numbers End of Business Gain a New Sense of Confidence When Dealing with Financial Professionals Expand Your Professional Expertise...Add Value to Your Future Career Understand the Business Dynamics of Dollars and Cents—and Take Initiatives That Optimize Results in Line with Short- and Long-term Goals Take the Guesswork Out of Your Decision Making and Deliver the Results You Need Cultivate Proactive Working Relationships with Financial Professionals and Enhance Your Value to the Organization Learn How to "Think Finance" and Translate Various Measures of Performance into Financial Terms Basic Accounting Concepts The Importance of the Accounting Equation The Significance of Generally Accepted Accounting Principles (GAAP) The Accrual Process The Difference Between Accounting Profit and Cash Flow Understanding Financial Statements Understand the Purpose of and Terminology Associated with the Following Financial Statements: Income Statement or Profit and Loss Statement (P&L) Balance Sheet Statement of Retained Earnings Cash Flow Statement Prepare a Set of Simple Financial Statements Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements Understand How Various Business Transactions Affect the Financial Statements Reviewing an Annual Report Various Components of an Annual Report Importance of Notes in Evaluating Financial Statements External Auditor’s Role and the Significance of the Opinion Letter Evaluating a Company’s Financial Statements Calculate the Key Financial Ratios Using the Financial Statements Use Financial Ratios to Evaluate: An Organization’s Liquidity, Leverage and Profitability The Performance of an Organization as Compared to Its Competitors’ An Organization’s Performance Compared with Budgeted Goals Identify Sources of Financial Information beyond the Financial Statements Use the Dupont Formula to Evaluate Management Performance Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business Improving Profitability through Cost Analysis and Profit Planning Differentiate between Fixed and Variable Costs Help Your Organization Improve Profitability through the Use Of: Break-even Analysis Contribution Margin Analysis Direct Costing in Appropriate Situations Understand Traditional Cost Accounting and Its Limitations Understand the Relevance of Activity-Based Costing in Today’s Business Environment Capital Expenditure Analysis Distinguish between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget Understand Why Cash Has a Time Value Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance Budgeting More Effectively Understand the Role of Budgeting and Issues That Budgets Can Solve Understand the Budgeting Process Identify Different Types of Budgeting Systems in Use Today Analyze Budgets for Different Purposes Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance   Training Course Seminar Workshop Provider Download Training Catalog 2009

Instructor Schedule April 27-29, 2009 3 days Venue Grand Serela Hotel Bandung Tuition Fee  Rp. 4.800.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR – 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com

Fixed Asset Accounting

Fixed Asset Accounting Maximize your assets and protect your organization's investments with fixed asset accounting skills! In this fixed asset accounting seminar you will learn to maximize your bottom line by discovering everything you need to know about your company's assets: what assets you have and where they are located…how to make sure they are fully utilized…how to reap the maximum tax benefits…and how to accurately assess their current value in today's economy. How You Will Benefit Maximize the tax benefits from your fixed assets using fixed asset accounting skills Familiarize yourself with the available options of popular F/A software systems Accurately appraise the value of your assets in today’s economy Set up paperwork, forms and systems to get timely, accurate information What You Will Cover How to meet all accounting, tax, insurance and other requirements Value concepts Establishing the fixed asset accounting record Taking an inventory Property controls Perpetuating the property accounting system Who Should Attend Accountants, controllers, managers of fixed assets, divisional plant managers and all executives with two years or less of experience in fixed asset accounting. Extended Training Description Learning Objectives Gain a New Perspective on Rules, Regulations, and Tax Codes, as Well As Insurance Requirements Understand Potential Tax Benefits You May Be Currently Overlooking Review Requirements for your F/A Manual Understand F/A Record Keeping, Systems, Current Packages, and Transitions from One System to Another and Identify Explore and Identify F/A Property Controls Review Latest Techniques of F/A Identification and Inventory-Taking in Context of Current Federal Laws Learn How to Make F/A Management a Corporate Activity Learn How You Can Determine F/A Utilization and Value Understand Method of Accounting for Accumulated F/A Maintenance Costs To Clearly Distinguish Between Real Personal Property Consider More Answers to the Question About What Should or Could Be Expensed vs. Capitalized Introduction Define and Discuss Who the Stakeholders Are Understand the Penalty for Not Reconciling Physical Assets with Perpetual Records Understand How F/A Accounting Relates to Corporate Valuation Fixed Assets in Financial Statements Understand GAAP Understand the Various Methods of Depreciation and Related Rules Realize That Leased Assets Must Be Accounted For Fixed Assets on Income Tax Returns Understand the Tax Codes Affecting Fixed Assets Understand What Special Tax Situations Are Have a Better Chronological Perspective on Tax Legislation Fixed Assets on Property Tax Returns Understand Ad Valorem Taxes Realize Licenses Are a New Term for Taxation Discover Potential Tax Savings, Previously Overlooked Understand How to Classify and Distinguish Between Personal and/or Real Property Fixed Asset Records and Risk Management (Insurance) Understand Risk Management Concerns Understand the Difference Between Accounting Book Value and Replacement Costs Understand What Is Needed from F/A Accounting to Substantiate an Insurance Loss Corporate Policy and the Property Accounting Manual Understand the Requirements of an F/A Property Manual Understand the Content of an F/A Property Manual Understand a List of All Reference Materials and Related Documentation That Went into the Preparation of This Course and That Need to Be Provided for in an F/A Property Manual Record Keeping and Automated Reporting Systems (FAMS) Understand Which Data Should Be Captured and for Whom Understand the Variety of Possible F/A-Related Reports Understand Aspects of Record Keeping, System Requirements, Software Features, and Database Considerations Gain Insight into Vendor Concerns and Considerations Be Aware of the Available Software and Who Is Using It Capturing Fixed Asset Data Understand and Explore F/A Property Controls Gain New Insights on How to Have People Become More Cooperative, Informing F/A Accounting about Adds, Deletes, and Moves Understand the Features and Requirements of CIP Understand CIP Data Reference Requirements Understand CIP Disposition Codes and How to Handle Indirect Costs Property Controls Appreciate How to Classify Assets Understand What Assets Can Be Grouped or Pooled and What Assets Might Need to Be Kept Separate to Facilitate Control Understand the Newest Ways to Tag and Physically Control Assets Understand What Responsibility Accounting Means Answer the Question: What Should or Could Be Expensed vs. What Could or Should Be Capitalized? Taking Inventories Understand the Latest Techniques of F/A Identification and Inventory in the Context of Current Federal Laws Understand How to Make F/A Management a Corporate Activity Understand How to Determine F/A Unitization and Value (i.e., Condition Codes) Realize That Taking an F/A Inventory Can Be Fun and Exciting (If Treated as a Scavenger Hunt) Converting to a New F/A System Understand Testing Procedures and Theories Realize the Benefits of a Steering Committee Be Leery of Conversion Defaults Appreciate the Importance of Implementation Training   Training Course Seminar Workshop Provider Download Training Catalog 2009

Instructor Schedule May 19-20, 2009 2 days Venue Graha Santika Hotel Semarang Tuition Fee  Rp. 3.400.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR – 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com