Gas Accounting Training Workshop

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 clients choice.

Objectives:

Participants will learn to:

• Discuss and understand the Regulatory Environment

• Understand gas measurement and the various components of natural gas

• Learn the basics of plant accounting and the various processing problems

• Learn who the industry players are and their responsibilities

• Discuss the Gas Accounting Business Cycle

• Learn the different aspects of both Revenue and Transportation Accounting

• Understand the Allocation Process and problems related to it

• Understand the various types of imbalances and penalties