Training Psc Accounting & Taxation

Training Psc Accounting & Taxation

Training Accounting Records

Training Basic Principle

DESKRIPSI Training Psc Accounting & Taxation

Accounting Records – Financial Reports are mandatory requirements of the management and the employees of a PSC Company and in fulfilling the requirements of several stakeholders such SKKMIGAS, BPKP, BPK, Owners’ audit, Unit’s audit, Indonesia Tax Office, Internal audit, and Independent audit. PSC Contractor/Operator shall be responsible to have and maintained the in house accounting systems in order to record each financial transaction into the adopted accounting systems and interpret each annual data into SKKMIGAS’ Financial Budget and reporting and expenditures (as ruled by the SKKMIGAS’s Financial Budget and Reporting Procedures Manual). As promulgated by the PSC Agreement as a bounding legal-law between PSC Contractor and SKKMIGAS/GOI which specifically declares that PSC Contractor is duly liable for providing funds and technical experts for its operations to explore and produce the oil and or gas through planning and performing all upstream activities during the operations, and allows PSC to use an accounting system in the PSC company.

During the training phases will be given a clear understanding and showing the participant how the expenditures (costs) of each upstream activity financially processed through the Oil and Gas Industry accounting or records systems. Starting from the acquisition costs of a PSC Block, exploration, development, and routine production operations stages.

Course Objectives

To equip the participants capability to identify, classify, record, and control all the expenditures incurred through the company operations and the understanding of tax implementation in the PSC and all other types of contracts in connection to procurement and services supplied to the PSC.
The General Tax Laws and regulations into the PSC operations can not escape, since Corporate Income Tax, withholding taxes related have forced PSC must do aware and concern about Indonesian Tax regulations.
To fully understand about problems arose in the implementation of the General Tax Laws and regulations, the impacts of the amendment of the tax laws, and what may be the consequences for PSCs in this situation.
To understand the related tax provisions in the New Oil & Gas Law, what have been changed, what are the prospective operations under the Cooperative Contract (PSC).

MATERI TRAINING

Overview of PSC
Basic Principle
Exploration & Development Activities
Production Activities
Supporting Activities
Lifting Sharing Analysis
Fiscal term
PSC Accounting
WP&B
Budget Preparation
AFE
PSC Taxation Overview
Taxation Principle of Upstream Oil & Gas Industry
Income Tax & Final Tax
PSC Accounting vs General Taxation

METODE

Presentation, discussion, Case study, Evaluation, Pre test & post test