Upstream Accounting, IFRS, PPAs, REGOs, Carbon Credits and Energy Transition

This IFRS for Oil, Gas and Renewables | Energy Transition Training Course takes place in London, the global headquarters of the International Accounting Standards Board and the world’s leading centre for energy transition finance. Specifically, the London Stock Exchange lists more energy and mining companies than any other exchange globally. Furthermore, London attracts energy finance professionals from developed and emerging markets worldwide. Consequently, this programme is equally relevant for finance professionals operating in any jurisdiction that has adopted IFRS.

The global energy sector is undergoing its most significant transformation in a generation. Specifically, net zero commitments worldwide are driving unprecedented investment in offshore wind, solar, green hydrogen, hydropower and renewable energy infrastructure. Furthermore, the rapid growth of renewable energy markets creates complex new accounting challenges. These include Energy Attribute Certificates such as REGOs, ROCs and RECs, virtual and physical PPAs and pricing curve instruments including NBP and TTF.

In addition, oil and gas decommissioning obligations are creating significant pressure on energy finance professionals globally. Consequently, finance professionals who master IFRS energy transition reporting in 2026 will be the most sought-after in every major global energy market.

This programme addresses every critical IFRS accounting challenge facing energy finance professionals globally. Specifically, it covers exploration and evaluation accounting, decommissioning provisions, renewable energy asset accounting and revenue recognition for virtual and physical PPAs. Furthermore, it covers hedge accounting for commodity price risk and the accounting treatment of REGOs, ROCs and RECs under IAS 2.

In addition, it covers NBP and TTF pricing curve instruments, carbon credit accounting and government grant accounting for renewable energy projects. Consequently, participants leave with the complete technical toolkit to deliver fully compliant IFRS financial statements across all energy operations globally.

Key Learning Features | IFRS for Oil, Gas and Renewables | Energy Transition Training Course

Comprehensive Energy Sector Coverage. Covers upstream, midstream, downstream, petrochemical, power, utility, hydropower and renewable energy IFRS accounting challenges globally
Energy Transition Focus. Addresses 2026 energy transition accounting for offshore wind, solar, green hydrogen, hydropower and carbon credits
Energy Attribute Certificates. Covers the accounting treatment of REGOs, ROCs and RECs under IAS 2 including trading portfolio and obligation portfolio approaches
Power Purchase Agreements. Covers revenue recognition and derivative accounting for virtual and physical PPAs under IFRS 9 and IFRS 15
Pricing Curve Accounting. Addresses accounting for NBP and TTF forward curve instruments and commodity price risk management under IFRS 9
Decommissioning and Provisions. Masters decommissioning and restoration provisions accounting for oil and gas operators across every major producing region
Hedge Accounting. Addresses practical hedge accounting for commodity price risk, interest rate risk and foreign currency risk
Sustainability Disclosures. Covers current ISSB sustainability disclosure requirements for energy companies across every major reporting jurisdiction
Carbon Credit Accounting. Develops practical expertise in carbon credit accounting and emissions trading schemes globally
Real-World Case Studies. Uses actual financial statements from leading global oil, gas, power and renewable energy companies
In-Person Global Delivery. Delivered in-person across major global financial centres by experienced IFRS energy sector specialists

Global Programme Schedule | IFRS for Oil, Gas and Renewables | Energy Transition Training Course

This programme is delivered in-person and online across major global financial and energy centres worldwide. Specifically, upcoming programmes are scheduled in the cities listed below. Furthermore, this programme is available as a dedicated in-house engagement for organisations with specific IFRS energy sector training requirements. Contact us to discuss upcoming dates and locations.

For More Information

For further information about this IFRS for Oil, Gas and Renewables | Energy Transition 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. Furthermore, the programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS energy sector 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 fields, who share their hands-on implementation experience through our technical and professional development programmes.

This IFRS for Oil, Gas and Renewables | Energy Transition Training Course is led by one of Shasat’s distinguished faculty members, a globally respected technical expert in IFRS, US GAAP and UK GAAP for the energy sector. The instructor has extensive experience in handling energy sector specific accounting issues and the practical application of accounting requirements. Specifically, this includes implementation challenges, technical interpretations and industry best practices across oil and gas, power, utility, mining, hydropower and renewable energy organisations globally. They have supported major energy institutions across developed and emerging markets globally on upstream accounting, decommissioning provisions, revenue recognition, hedge accounting, carbon credit reporting and ISSB sustainability disclosures.

The instructor brings deep technical expertise in exploration and evaluation accounting, renewable energy asset recognition, power purchase agreement revenue recognition, government grant accounting, commodity price hedge accounting and energy sector impairment assessment under IFRS, US GAAP and UK GAAP. Drawing on years of global energy sector advisory and implementation experience, every session delivers practical insights, real-world case studies and proven strategies to strengthen accounting and reporting frameworks across oil and gas, petrochemical, power, utility, hydropower and renewable energy operations. Furthermore, the instructor draws directly on implementation experience from landmark energy transition projects across multiple global jurisdictions.

Our faculty combine real-world expertise with academic rigour, ensuring every session is interactive, relevant and outcomes-driven. Participants gain practical tools, case-based insights and strategic frameworks that they apply immediately to enhance IFRS, US GAAP and UK GAAP financial reporting across their energy sector organisations.

Our Partners

Our Partners in Learning

Course Description

Day 1 | Upstream Accounting, Revenue Recognition and Energy Transition

Module 1 | Exploration and Evaluation Accounting

Accounting for exploration and evaluation activities under IFRS 6 including full cost and successful effort methods
Non-drilling and drilling exploration cost accounting and capitalisation criteria
Production, depreciation, depletion and amortisation of upstream assets
Dismantlement, restoration and abandonment accounting including asset retirement obligations
Accounting for development and production activities across upstream operations
Analysis of exploration and production activities with practical case studies

Module 2 | Revenue Recognition for Energy Sector

Revenue measurement and recognition for oil, gas and energy contracts under IFRS 15
Recognition and valuation of reserves and production entitlements
Accounting issues arising from production sharing agreements and concession arrangements
Revenue recognition for power purchase agreements including virtual and physical PPAs
Accounting for take-or-pay arrangements and long-term energy supply contracts
Sale and purchase accounting for physical energy contracts and settlement arrangements

Module 3 | Energy Contracts, Derivatives, PPA Amendments and Valuation

IASB December 2024 targeted amendments to IFRS 9 and IFRS 7 for nature-dependent electricity contracts effective 1 January 2026
Clarification of own-use exemption requirements for physical PPAs under the amended IFRS 9 framework
Net purchaser of electricity concept and its application to physical PPA own-use assessment
Accounting for virtual PPAs as derivatives measured at FVTPL under the amended framework
Hedge accounting requirements for PPAs including physical and virtual PPAs under amended IFRS 9
P50 and P90 estimate challenges in applying cash flow hedge accounting to nature-dependent PPAs
New IFRS 7 disclosure requirements for nature-dependent electricity contracts effective 2026
Accounting for energy sale contracts and purchase contracts under IFRS 9 and IFRS 15
Classification of energy contracts as own use, derivatives or financial instruments
Accounting for physical and financial electricity contracts under IFRS 9 FVTPL
Derivative accounting for forward contracts, options and swaps on energy commodities
Fair value measurement and valuation of energy derivatives under IFRS 13
NBP and TTF pricing curve instruments and valuation methodologies
Mark-to-market and mark-to-model valuation issues for energy trading portfolios
Valuation challenges for illiquid energy contracts and long-dated forward positions
Practical case studies on PPA amendments implementation and derivative valuation

Module 4 | Inventory and Property Plant and Equipment

Calculation of period end inventory for oil, gas and energy commodities
Inventory valuation approaches including IAS 2 broker-trader exemption for trading portfolios
Accounting for REGOs under IAS 2 including initial recognition and valuation issues
Accounting for ROCs under IAS 2 including generation, transfer and obligation portfolio valuation
Accounting for RECs under US frameworks and international green certificate valuation
Valuation issues for REGOs, ROCs and RECs at period end including fair value and NRV
Property plant and equipment accounting for upstream and renewable energy assets
Full cost practices and areas where they may not be appropriate under IFRS

Module 5 | Impairment and Oil and Gas Reserves

Impairment methodology and cash generating unit identification for energy assets
Reversal of impairment for oil, gas and renewable energy assets
IFRS approach to oil and natural gas reserves and depletion accounting
Impairment assessment for renewable energy assets and hydropower infrastructure
Valuation issues arising from commodity price volatility and energy transition risk
Practical case studies from leading global energy companies

Module 6 | Leases, Environmental Accounting and Industry Metrics

Lease accounting for drilling rigs, pipelines and energy infrastructure under IFRS 16
Environmental accounting and disclosure requirements for oil and gas producing activities
Assessment of future net cash flows for oil and gas exploration and production
Finding costs and reserve value-added-to-spending ratios
Practical examples and illustrative financial statements from global energy companies

Day 2 | Financial Reporting, Instruments, Energy Transition and Business Combinations

Module 7 | IASB Update and Accounting Policies

IASB December 2024 amendments to IFRS 9 and IFRS 7 for contracts referencing nature-dependent electricity
Practical implementation steps for the 2026 effective date PPA amendments
EU endorsement of PPA amendments on 30 June 2025 and implications for European energy companies
Australian AASB 2025-1 amendments for nature-dependent electricity contracts
Latest IASB updates on extractive industries project and energy transition reporting developments
IFRS S1 and IFRS S2 sustainability disclosure requirements for energy sector companies
Carbon credit accounting and emissions trading scheme accounting developments in 2026
Specific accounting principles and changes in accounting policies and valuation
Transition to IFRS for energy sector companies and changes in estimates
Practical examples and case studies

Module 8 | Financial Statements and Notes

Critical accounting issues and estimation uncertainty in energy sector financial statements
Estimation of reserves and future cash flows and their impact on financial reporting
Identified risks, capital management and events post reporting period disclosures
Presentation of financial statements under IAS 1 for energy sector companies
Statement of cash flows under IAS 7 for oil, gas and renewable energy operations
Accounting policies, changes in accounting estimates and errors under IAS 8

Module 9 | Financial Standards and Reporting Requirements

Events after the reporting period under IAS 10 for energy sector companies
Operating segments under IFRS 8 for diversified energy groups
Interim financial reporting under IAS 34 for listed energy companies
Provisions, contingent liabilities and contingent assets under IAS 37 including decommissioning
Government grant accounting under IAS 20 for renewable energy projects and subsidies
Practical examples and case studies from global energy reporting

Module 10 | Financial Instruments, Hedge Accounting and Valuation

Presentation, recognition and measurement of financial instruments under IFRS 9
Impairment methodology for financial assets held by energy sector companies
Hedge accounting for commodity price risk, interest rate risk and foreign currency risk
Classification and valuation of energy sale and purchase contracts under IFRS 9
Accounting for electricity derivatives including forwards, options and structured products
Fair value hierarchy and valuation techniques for energy sector financial instruments
Valuation issues for long-dated energy contracts and commodity derivative portfolios
Hedge effectiveness testing and documentation for energy sector hedging programmes
Worked examples and case studies on energy derivative accounting and valuation

Module 11 | Business Combinations and Consolidated Financial Statements

Business combinations accounting under IFRS 3 for energy sector mergers and acquisitions
Consolidated and separate purpose financial statements under IFRS 10 and IFRS 11
Joint arrangement accounting for upstream joint ventures and energy infrastructure projects
Disclosures under IFRS 12 for interests in subsidiaries, joint arrangements and associates
Practical issues arising from energy sector business combinations and joint ventures
Comprehensive case studies from global energy sector transactions

Module 12 | Renewable Energy, Energy Transition and Certificate Accounting

Accounting for Energy Attribute Certificates including REGOs, ROCs and RECs
REGO accounting for Fuel Mix Disclosure and renewable supply claims to customers
ROC accounting under the Renewables Obligation framework — generation, transfer and submission
Valuation of ROCs under IAS 2 including banding factors and obligation portfolio measurement
REC accounting under US frameworks and valuation of international green certificates
Period end valuation issues for REGOs, ROCs and RECs under IAS 2 and IFRS 13
Carbon credit accounting, emissions allowance valuation and government incentive schemes
Comprehensive wrap-up case studies covering all key energy transition accounting issues

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.

Why you must attend?

The global energy sector navigates the most complex IFRS reporting environment in its history. Specifically, oil and gas decommissioning accounting, renewable energy asset recognition and carbon credit reporting create unprecedented challenges. Furthermore, regulators, auditors and investors now scrutinise energy sector IFRS financial statements with greater rigour than ever. In addition, ISSB sustainability disclosure requirements add significant new technical demands for energy finance professionals globally. Consequently, professionals who lack IFRS energy sector mastery face significant professional and organisational risk in 2026.

This programme delivers the most comprehensive and practically focused IFRS energy sector training available globally. Specifically, every session addresses critical IFRS accounting challenges facing oil and gas, petrochemical, power, utility, hydropower and renewable energy organisations. Furthermore, real-world case studies from actual IFRS financial statements of leading global energy companies are used throughout. Every session also addresses the latest ISSB sustainability disclosure requirements relevant to energy companies globally. Consequently, participants leave with the technical authority to deliver fully compliant IFRS financial statements across every energy transition operation.

Finance professionals who attend gain significantly more than technical IFRS knowledge. Specifically, they develop the strategic insight to identify IFRS accounting implications at every stage of the energy transition. Furthermore, they leave fully equipped to communicate complex financial reporting outcomes confidently to boards, auditors and regulators. In addition, participants from the United Kingdom, European Union and every global energy market strengthen their organisation’s IFRS reporting frameworks. Consequently, this is a career-defining investment for every finance professional across oil and gas, power, utility, hydropower and renewable energy industries 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?

The IFRS for Oil & Gas, Power, Utility, & Mining companies training program is designed for financial professionals who want to update their knowledge of IFRS accounting standards and stay ahead of the curve in a constantly evolving financial reporting landscape. This program is perfect for finance executives, accountants, auditors, financial analysts, and other professionals who are involved in financial reporting and decision-making. It is expected that participants have a basic understanding of financial reporting and accounting principles, or have previously completed basic accounting courses and are looking to enhance their skills and knowledge of IFRS standards.

This training program provides practical and comprehensive training to equip participants with the necessary skills to succeed in today’s ever-evolving financial landscape. It is an excellent opportunity for professionals seeking to improve their expertise and advance their careers in the oil and gas, power, utility, and mining sectors.

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

Sponsorship

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.

Terms and Conditions

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.

About shasat

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.

CPD hours

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.

Enquires

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.

IFRS For Oil, Gas and Renewables | 2-Day Energy Transition Training | London | GID 16001

Upstream Accounting, IFRS, PPAs, REGOs, Carbon Credits and Energy Transition

Key Learning Features | IFRS for Oil, Gas and Renewables | Energy Transition Training Course