SAP Oil & Gas- Production & Revenue Accounting

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Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

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SAP Oil & Gas- Production & Revenue Accounting Course Overview

Unlock the power of SAP Oil & Gas: Production & Revenue Accounting with Multisoft Systems. Comprehensive training tailored to industry needs, ensuring operational excellence and enhanced financial performance. Start your journey towards expert-level mastery. Secure your spot today!

The SAP Oil & Gas: Production & Revenue Accounting training course offered by Multisoft Systems is a meticulously designed program catering to the unique demands of the oil and gas industry. This intensive course delves into the intricate aspects of production and revenue accounting, providing participants with a robust understanding of industry-specific processes and best practices. Learners will gain hands-on experience with SAP's advanced tools, ensuring they can seamlessly handle production, sales, and revenue data.

The curriculum covers critical components, including hydrocarbon volume management, contract and order management, and revenue distribution. With an emphasis on real-world application, participants will learn to navigate challenges and streamline operations, ultimately driving increased efficiency and profitability. Taught by seasoned industry professionals, participants are guaranteed to walk away with a competitive edge in the oil & gas sector. Perfect for both beginners and seasoned professionals, this course promises a comprehensive learning experience.

SAP Oil & Gas- Production & Revenue Accounting Course Objective
  • Understand the core functionalities and configurations of SAP Oil & Gas within the Production & Revenue Accounting domain.
  • Master the techniques for effective hydrocarbon volume management.
  • Familiarize participants with comprehensive contract and order management processes.
  • Learn to streamline and optimize revenue distribution for oil & gas operations.
  • Gain insights into SAP tools for efficient data management and reporting.
  • Equip learners with skills to tackle real-world industry challenges using SAP solutions.
SAP Oil & Gas- Production & Revenue Accounting Online Training
  • Recorded Videos After Training
  • Digital Learning Material
  • Course Completion Certificate
  • 24x7 After Training Support
Target Audience
  • Production Accountants
  • Revenue Accountants
  • Oil & Gas Financial Analysts
  • SAP Consultants specializing in Oil & Gas
  • ERP Implementation Specialists
  • Upstream Operation Managers
  • Finance Professionals in Oil & Gas
SAP Oil & Gas- Production & Revenue Accounting Course Prerequisites
  • Familiarity with standard accounting principles.
  • Knowledge of enterprise resource planning (ERP) concepts.
  • Previous experience with any SAP module (preferred, but not mandatory).
  • A general grasp of business processes in the energy sector.
SAP Oil & Gas- Production & Revenue Accounting Course Certification
  • Multisoft Systems provides a globally recognized training certificate after successful completion of SAP Oil & Gas- Production & Revenue Accounting certification course.

SAP Oil & Gas- Production & Revenue Accounting Course Content

Module 1: Introduction to SAP Oil & Gas

  • Overview of the SAP Oil & Gas solution
  • Industry-specific processes and challenges
  • Integration with other SAP modules

Module 2: Master Data

  • Business partners, material master, and contracts
  • Ownership master data
  • Production and measurement data
  • Well master, field master, reservoir master

Module 3: Production Sharing Contracts

  • Introduction to Production Sharing Agreements
  • Fiscal terms and entitlement calculations
  • Government and partner reporting

Module 4: Upstream Operations Management (UOM)

  • Overview of UOM
  • Master Data configuration in UOM
  • Field data capture
  • Production reporting
  • Integration with PRA

Module 5: Ownership

  • Setup and maintenance of ownership master data
  • Ownership calculation and distribution
  • Partner and Government Reporting

Module 6: Production

  • Well tests and daily production reporting
  • Production measurement and allocation
  • Gas plant accounting
  • Production balancing and reconciliations

Module 7: Revenue

  • Revenue distribution and invoicing
  • Revenue recognition
  • Suspense management
  • Partner netting

Module 8: Transportation

  • Transportation scheduling and nomination
  • Transportation measurement and allocation
  • Transportation billing and revenue distribution

Module 9: Royalty and Tax Management

  • Royalty master data and royalty calculation
  • Royalty payment and reporting
  • Tax calculation and payment

Module 10: Reporting

  • Standard PRA reports
  • Customizing reports using SAP tools

Module 11: Integration with other SAP Modules

  • Finance and Controlling
  • Materials Management
  • Sales and Distribution

Module 12: Case Study / Real-World Application

  • Scenario-based exercises that cover the end-to-end PRA processes

Module 13: Best Practices and Tips

  • Best practices for implementing and maintaining PRA
  • Tips and tricks for optimizing PRA processes

Module 14: Troubleshooting

  • Common issues and resolutions
  • Performance optimization tips

Module 15: SAP Fiori Applications for Oil & Gas

  • Overview of Fiori Apps relevant for Oil & Gas
  • Setting up and using Fiori apps for PRA

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Free SAP Oil & Gas- Production & Revenue Accounting Training Assessment

This assessment tests understanding of course content through MCQ and short answers, analytical thinking, problem-solving abilities, and effective communication of ideas. Some Multisoft Assessment Features :

  • User-friendly interface for easy navigation
  • Secure login and authentication measures to protect data
  • Automated scoring and grading to save time
  • Time limits and countdown timers to manage duration.
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SAP Oil & Gas- Production & Revenue Accounting Corporate Training

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