A one-day workshop covering the recording of transactions for the purchase, sale and transportation of natural gas — including the measurement, allocation, valuation, distribution and reporting of gas volumes, and the required accounting entries in the financial books.
See Our Current Programs About This WorkshopThe regulatory awareness, technical accounting, and industry-specific knowledge covered in Gas Accounting are now embedded in Baker Communications' current programs — updated and refined over 40+ years of delivery.
If you are looking to build these capabilities for your natural gas operations or finance team, our current programs deliver the same skills with a more modern methodology and reinforcement approach.
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The way business is conducted in the gas industry has changed dramatically in the last century. Since the U.S. Congress gave the Federal Energy Regulatory Commission (FERC) the right to regulate interstate transportation of natural gas, business in the natural gas industry has become, at the same time, very competitive and more protective of the public interest. As rules and regulations have changed, so have the general operations of gas companies.
Gas Accounting is the natural gas industry's recording of these operational changes. It is the recording of the transactions that take place for the purchase, sale and transportation of natural gas. It includes the measurement, allocation, valuation, distribution and reporting of gas volumes, as well as the required accounting entries in the financial books.
This very informative one-day Gas Accounting workshop covers it all. It begins by teaching participants the basics of regulation, what it is and approaches the different components of natural gas as a commodity. A general discussion of gas accounting, industry players, their responsibilities and monthly accounting cycles provides participants with a quick overview of how this area of the natural gas business is conducted. The workshop then covers the differences and similarities in both revenue and transportation accounting. It wraps up with a question and answer session that allows participants to share experiences and communicate ideas.
On-Site Training: Can be tailored to the needs of the client organization and delivered on-site at a time and location of the client's choice.
Participants will learn to:
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These programs cover the core skills relevant to natural gas industry teams — updated for today's environment.
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