IFRS for Oil, Gas, Power and Utility | Brussels | 2-Day Programme
This IFRS for Oil, Gas, Power and Utility Training Course takes place in Brussels. Specifically, Brussels is the regulatory capital of the EU and the most important energy policy centre globally. Furthermore, the European Commission adopted a Clean Energy Investment Strategy in March 2026 mobilising 75 billion euros in financing. In addition, the EU ETS CBAM and CSRD are significantly increasing IFRS complexity for European energy companies. Consequently, this programme is equally relevant for finance professionals across every major global oil, gas, power, and utility market.
Oil gas power and utility accounting is becoming more complex across every major European energy market in 2026. Specifically, the revised CSRD applies to EU companies with over 1000 employees and over 450 million euros net turnover. Furthermore, the EU Fit for 90 package expected in 2026 will update the EU ETS and CBAM significantly. In addition, IASB December 2024 PPA amendments effective 1 January 2026 are expanding power purchase agreement accounting requirements significantly. Consequently, oil gas power and utility finance professionals now require the most comprehensive IFRS technical training available.
This programme addresses every critical IFRS accounting challenge facing oil gas power and utility finance professionals globally. Specifically, it covers IFRS 6 exploration accounting, IAS 16 power infrastructure accounting and IFRIC 12 service concession arrangements. Furthermore, it covers IAS 36 impairment testing, IAS 37 decommissioning provisions and IFRS 9 power purchase agreement accounting. In addition, it covers EU ETS accounting, IFRS 15 revenue recognition and IFRS S1, IFRS S2, and CSRD disclosures. Consequently, it strengthens both personal IFRS technical expertise and the organisation’s financial reporting position across every major global energy market.
Key Learning Features | IFRS for Oil, Gas, Power and Utility | Brussels
- Exploration and Evaluation Accounting. IFRS 6 exploration and evaluation accounting for European and global upstream oil gas and energy operators
- Power Infrastructure and Service Concessions. IAS 16 and IFRIC 12 accounting for power generation transmission and distribution assets for European power and utility operators
- Power Purchase Agreement Accounting. IFRS 9 and IFRS 7 PPA accounting under IASB December 2024 amendments for European and global energy companies
- EU Emissions Trading System Accounting. IAS 38 IAS 37 and IAS 20 accounting for EU ETS allowances carbon credits and CBAM obligations
- Decommissioning and Restoration Provisions. IAS 37 decommissioning asset retirement obligation and nuclear decommissioning accounting for European oil gas and power operators
- Impairment Testing and Stranded Asset Risk. IAS 36 impairment testing and stranded asset risk for European oil gas power and utility energy transition operators
- Sustainability Disclosures. IFRS S1 IFRS S2 and CSRD sustainability disclosure requirements for listed oil gas power and utility companies globally
Global Programme Schedule | IFRS for Oil, Gas, Power and Utility Training Course | Brussels
This IFRS for Oil, Gas, Power and Utility Training Course is delivered in-person across major global oil gas power and utility financial centres worldwide. Specifically, upcoming programmes are scheduled in the cities listed below. Furthermore, this programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS oil gas power and utility training requirements.
Online | London | Toronto | Calgary | New York | Abu Dhabi | Zurich | Sydney | Singapore | Dubai | Doha | Cape Town | Lima | Rio de Janeiro | Hong Kong | Brussels | Hague | Kuala Lumpur | Trinidad | Riyadh | Accra
For More Information
For further information about this IFRS for Upstream Oil and Gas Training Course, please contact us. Specifically, our specialist training team is ready to assist with course registration, group booking options, upcoming dates and in-house delivery enquiries.
This programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS upstream oil and gas training requirements.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective field, who share hands-on implementation experience through our technical and professional development programmes.
This IFRS for Oil, Gas and LNG Training Course is led by one of Shasat’s distinguished faculty members, a globally respected technical expert in IFRS, and US GAAP for the oil, gas, LNG and energy sector. The instructor has extensive experience in handling oil, gas and LNG sector specific accounting issues and the practical application of accounting requirements.
Specifically, this includes implementation challenges, technical interpretations and industry best practices across upstream, midstream, downstream, LNG and petrochemical operations globally. They have supported major energy institutions across developed and emerging markets globally on upstream accounting, LNG joint ventures, decommissioning provisions, revenue recognition, hedge accounting and ISSB sustainability disclosures.
The instructor brings deep technical expertise in exploration and evaluation accounting, LNG asset recognition, production sharing agreement accounting, commodity price hedge accounting and energy sector impairment assessment under IFRS and US GAAP. Drawing on years of global advisory and implementation experience, every session delivers practical insights, real-world case studies and proven strategies. Furthermore, our faculty combine real-world expertise with academic rigour, ensuring every session is interactive, relevant and outcomes driven. Consequently, participants gain practical tools and strategic frameworks they apply immediately across their oil, gas and LNG organisations.
Our Partners
Course Description
Day 1 | Exploration, Production, Power Infrastructure and Revenue Recognition
Module 1 | IFRS for Oil, Gas, Power and Utility — Key Accounting Principles
- Principles-based IFRS framework for oil gas power and utility companies in Europe and globally
- Full cost method versus successful efforts method under IFRS 6 for upstream operators
- IFRS allows impairment reversals for oil gas and power assets — key difference from US GAAP
- IAS 16 property plant and equipment for oil gas power and utility infrastructure assets
- Decommissioning provisions under IAS 37 for upstream oil gas power and utility operators
- Case studies from TotalEnergies Equinor Shell and leading European oil gas power and utility companies
Module 2 | Exploration and Evaluation Accounting — IFRS 6
- Exploration and evaluation accounting under IFRS 6 — full cost and successful efforts methods
- Treatment of dry holes and non-drilling exploration costs under IFRS 6
- Impairment of exploration and evaluation assets under IAS 36
- Reclassification of exploration and evaluation assets to development and production assets
- IFRS 6 application for European upstream operators — North Sea deepwater and unconventional exploration
- Case studies from TotalEnergies Equinor Shell and global oil and gas company financial statements
Module 3 | Power Infrastructure and Service Concession Arrangements
- Accounting for power generation transmission and distribution assets under IAS 16
- Componentisation of power generation and grid infrastructure assets under IAS 16
- IFRIC 12 service concession arrangements — financial asset model and intangible asset model
- IFRIC 12 application for European power and utility concession operators
- Borrowing costs capitalisation during power infrastructure development under IAS 23
- Case studies from European power and utility company financial statements
Module 4 | Revenue Recognition and Power Purchase Agreement Accounting
- Five-step revenue recognition model under IFRS 15 for oil gas power and utility contracts
- Revenue recognition for electricity gas and capacity supply contracts under IFRS 15
- IASB December 2024 PPA amendments to IFRS 9 and IFRS 7 — effective 1 January 2026 — endorsed by EFRAG
- Own-use exemption for physical renewable energy PPAs — net purchaser assessment
- Virtual PPA accounting — virtual PPAs never qualify for own-use exemption
- Revenue recognition for renewable energy certificates and capacity payments under IFRS 15
- Case studies from TotalEnergies Equinor Shell and leading European power and utility companies
Day 2 | EU ETS, Sustainability, Financial Instruments and Business Combinations
Module 5 | EU ETS Accounting and CBAM
- EU ETS allowance accounting under IAS 38 — intangible asset recognition and measurement
- IAS 37 provision accounting for EU ETS emission obligations — present obligation assessment
- IAS 20 government grants for EU ETS free allowances received at below market value
- CBAM definitive period effective 1 January 2026 — accounting for CBAM certificate obligations
- Phase out of EU ETS free allowances 2026 to 2034 — accounting implications for European energy companies
- Fit for 90 package expected Q3 2026 — proposed EU ETS reforms and accounting implications
- Case studies from European oil gas power and utility company financial statements
Module 6 | IASB Update and Financial Statements
- IASB September 2023 decision to retain IFRS 6 following extractive activities research project completion
- IASB December 2024 PPA amendments to IFRS 9 and IFRS 7 — effective 1 January 2026
- IASB December 2025 Post-Implementation Review of IFRS 9 hedge accounting — Request for Information 2026
- IFRS 18 effective 1 January 2027 — income statement presentation and management-defined performance measures
- EU Omnibus Directive 2026/470 published February 26 2026 — CSRD scope reduction and transposition by March 2027
- Presentation of financial statements under IFRS 18 and IAS 1 for oil gas power and utility companies
- Case studies from TotalEnergies Equinor Shell and European power and utility company financial statements
Module 7 | Financial Instruments Impairment and Business Combinations
- Classification and measurement of financial instruments under IFRS 9 for European energy operators
- Hedge accounting for oil gas power and commodity price risk under IFRS 9
- Impairment testing under IAS 36 for oil gas power and utility assets
- Stranded asset impairment risk for European oil gas and power assets under IAS 36
- Business combinations under IFRS 3 for European oil gas power and utility transactions
- Joint arrangement accounting under IFRS 11 for European oil gas and power operations
- Case studies from major European oil gas power and utility company financial statements
Module 8 | Decommissioning Provisions and Sustainability Disclosures
- Nuclear power plant and offshore oil gas decommissioning provisions under IAS 37
- Measurement of decommissioning provisions — discount rates cost estimation and changes in estimates
- IFRS S1 and IFRS S2 sustainability disclosure requirements for European oil gas power and utility companies
- CSRD and ESRS sustainability reporting requirements — alignment with IFRS S1 and IFRS S2
- EU Omnibus Directive CSRD scope changes — companies with over 1000 employees and over 450 million euros net turnover
- Comprehensive wrap-up case studies covering all IFRS challenges for oil gas power and utility companies.
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution or unauthorised use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. © 2026 Shasat
Why you must attend?
Oil gas power and utility accounting creates the most complex IFRS financial reporting challenges in Europe. Specifically, EU ETS allowance accounting and IFRIC 12 service concession arrangements are among the most demanding IFRS challenges. Furthermore, IASB December 2024 PPA amendments effective 1 January 2026 are significantly expanding power purchase agreement accounting requirements. In addition, the EU Omnibus Directive published in February 2026 is reshaping CSRD reporting obligations for European energy companies. Consequently, finance professionals who lack mastery of these critical IFRS and EU standards face significant financial reporting risk in 2026.
This programme addresses every critical IFRS accounting challenge unique to Brussels and global oil gas power and utility operators. Specifically, it covers IFRS 6 exploration accounting, IAS 16 power infrastructure accounting and IFRIC 12 service concession arrangements. Furthermore, it covers IAS 37 decommissioning provisions, IFRS 9 PPA accounting and EU ETS allowance accounting under IAS 38. In addition, IFRS 15 electricity and gas revenue recognition and CSRD sustainability disclosures are covered in depth. Consequently, every session uses real case studies from TotalEnergies Equinor Shell and leading European energy companies.
Finance professionals who attend gain significantly more than technical IFRS knowledge. Specifically, they develop the confidence to resolve complex IFRS oil gas power and utility accounting challenges facing European companies. Furthermore, they leave fully equipped to advise boards auditors and regulators on critical IFRS and EU sustainability reporting standards. In addition, participants from Brussels and every major global energy market strengthen their organisation’s IFRS reporting frameworks. Consequently, this programme is the most important career investment for every oil gas power and utility finance professional. It strengthens both personal IFRS technical mastery and the organisation’s financial reporting position globally.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP differences ( IFRS vs US GAAP), industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
This programme is designed for finance professionals working in oil gas power and utility organisations across Europe and globally. Specifically, it is directly relevant for financial controllers, finance managers, financial analysts and management accountants. Furthermore, it is equally relevant for auditors, sustainability reporting professionals and investor relations professionals at European energy companies. In addition, finance professionals responsible for EU ETS allowance accounting, CBAM compliance and CSRD sustainability reporting will benefit significantly. Consequently, participants are expected to have a foundational understanding of financial reporting and accounting principles.
This programme is also directly relevant for professionals seeking to strengthen their IFRS technical knowledge. Specifically, it is suitable for professionals at EU listed and internationally reporting oil gas power and utility companies. Furthermore, it is equally relevant for finance professionals transitioning into IFRS reporting roles at European and global energy companies. In addition, professionals working on EU ETS CBAM and CSRD compliance at TotalEnergies Equinor Shell and global energy companies will benefit greatly. Consequently, this is the most important career investment for every finance professional across oil gas power and utility industries globally.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
