Ernst & Young, BP Azerbaijan hold a joint course at Azerbaijan State Economic University

Ernst & Young, BP Azerbaijan hold a joint course at Azerbaijan State Economic University

Azerbaijan, Baku, Nov. 18 /Trend/

Representatives of Ernst & Young and BP Azerbaijan, one of the world's leading international oil & gas companies, made a presentation to the students of the Special Talent Group of the State Economic University of the Azerbaijan Republic.

Brent Arnold, Manager of Ethics, Compliance and Financial Assurance of BP Azerbaijan, Nigar Aliyeva, the Assurance Manager and Nihad Azizli, the Assurance Senior at Ernst & Young discussed the specific accounting issues in oil & gas industry, leases, decommissioning, depreciation and reserves estimation.

Brent Arnold has an outstanding knowledge of accounting and has worked in different roles in Financial Reporting. He talked to the students about Production Sharing Agreements (the "PSA", an agreement between foreign oil investors and government on the exploration, development and production sharing of natural resources) accounting mechanism on the example of one of the Azerbaijan oil and gas PSAs and introduced to the students the accounting for revenue under entitlement method and accounting for over / under lifts, which is an advanced and industry specific accounting topic.

The presenters had prepared the presentation so that to have an interactive class environment. Students held a lively discussion with the presenters.

The presentation also described all the operations BP have in Azerbaijan.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young expands its services and resources in accordance with clients' needs throughout the CIS. 4,000 professionals work at 18 offices including Moscow, St. Petersburg, Baku, Almaty, Astana, Kyiv, Tbilisi and other locations.

For more information about our organization, please visit www.ey.com

Ernst & Young in Azerbaijan

Ernst & Young has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 17 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.

We currently have more than 120 staff in our Baku practice, which served our clients, including banks and other financial institutions, in Azerbaijan. The strength of Ernst & Young in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, Ernst & Young will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.

For more information, please refer to http: //www.ey.com/Azerbaijan.

Kyrgyzstan's referendum on new Constitution takes place, turnout was 36.75%
Kyrgyzstan's referendum on new Constitution takes place, turnout was 36.75%
Local elections and referendum in Kyrgyzstan: Voting ends
Local elections and referendum in Kyrgyzstan: Voting ends
President of Kyrgyzstan casts vote in local council elections, referendum
President of Kyrgyzstan casts vote in local council elections, referendum
Loading Bars
Latest
Saudi-led coalition intercepts explosive-laden drones launched by Yemen's Houthis
Israeli scientists discover way to block spread of brain cancer
Weekly review of Azerbaijan's oil and gas sector
5 IS militants killed in airstrike in Iraq
South Korean PM arrives in Tehran
Kyrgyzstan's referendum on new Constitution takes place, turnout was 36.75%
Turkey to emerge from auto chip crisis through local production
Trend, Kabar news agencies talk joint projects, agree to expand co-op
Iran's Saipa Group declares its manufacturing data
Uzbekistan to commission its first solar power plant in September
Exports from Iran's Isfahan Province decreases
Iran - among major countries in terms of diversity in nuclear industry
Iran’s Bahar Azadi gold coin price still falling
Cargo transportation via Baku-Tbilisi-Kars railway in Q1 2021 increases
Iran's Energy Exchange announces products to be on sale on April 12
Pakistan extends full support for reconstruction of Azerbaijani liberated lands - expert
Northeastern Iranian Prov exports $3b non-oil products
Kazakhstan reveals plans on rising petrochemicals production
Int'l community should be involved in restoration of Azerbaijani liberated lands - expert
Azerbaijani FM takes part in round table organized by ADA University (PHOTO)
Europe needs a more ambitious COVID recovery plan, says France's Beaune
Azerbaijan publishes latest data on vaccinated citizens
Local elections and referendum in Kyrgyzstan: Voting ends
NCDC Head: Georgia's epidemiological situation deteriorates
Turkey successfully tests hybrid rocket engine for moon mission
Azerbaijan confirms 2,414 more COVID-19 cases, 1,695 recoveries
Africa's COVID-19 cases pass 4.34 mln: Africa CDC
Those who ordered missile strikes on Ganja are responsible for war crimes - top official
Glad to see that Nagorno-Karabakh conflict is over - Hungarian official
Khazar Consortium in Turkmenistan opens tender for plumbing materials purchase
Azerbaijan showed great heroism during Karabakh war - Turkish Presidential Administration rep (Exclusive) (VIDEO)
Iran - one of radioactive drugs exporters
Turkey names 2M2021 volume of cargo shipment via local ports from Ukraine
Visit of Turkic Council’s delegation to Azerbaijan’s Ganja city starts (PHOTO)
Goal of Turkic Council’s delegation's visit to Aghdam was to see Armenian savagery - Assistant to president
Azerbaijan's Aghdam - clear example of urbicide, says top official (PHOTO)
UAE selects first Arab woman for astronaut training
Azerbaijan moving to new stage of its development – Uzbek Information and Mass Communications Agency rep
Turkmenistan Railways opens tender for purchase of material, technical resources
Cargo movements in Iran’s Bushehr port grow
Kazakhstan’s Vagonservice company opens tender to buy oil filters
Situation in Azerbaijan’s Aghdam district - unprecedented barbarism - Turkish Presidential Administration rep (VIDEO)
Iran reveals COVID-19 data for April 11
Indonesia's 6.1-magnitude quake leaves 8 deaths
Delegation of Turkic Council reviews building of Aghdam Drama Theater destroyed by Armenians (PHOTO)
Azerbaijani Finance Ministry to auction mid-term government bonds
Russia reports over 8,700 daily COVID-19 cases
Turkmen company exports batch of formwork sheets to Turkey
Delegation of Turkic Council visits Azerbaijan’s Aghdam Juma Mosque (PHOTO/VIDEO)
Delegation of Turkic Council visits Imarat cemetery destroyed by Armenians (PHOTO/VIDEO)
President Ilham Aliyev plays very important consolidating role in Turkic Council - SecGen (EXCLUSIVE)
Buy/sell operations at Iran Mercantile Exchange disclosed
Georgia reports 707 coronavirus cases, 592 recoveries, 8 deaths
Uzbekistan, Turkey strengthen trade, economic co-op
Visit of Turkic Council's delegation to liberated Aghdam starts (PHOTO)
Weekly review of Azerbaijani precious metals market
8 rescued, 21 trapped in coal mine accident in Xinjiang
Iran discloses details of exports from industrial parks of Semnan Province
Accident reported at Iran's nuclear facility
Copper ores and concentrates rank first in list of Georgian export
Azerbaijani MoD shows footage from Fuzuli's Ashaghi Rafadinli village (VIDEO)
President of Kyrgyzstan casts vote in local council elections, referendum
India records over 150,000 daily COVID-19 cases, tally at 13,358,805
Saudi-led coalition intercepts Houthi drone
Turkmenistan signs decree on rice production
Number of enterprises put into operation in Iran's Gilan Province revealed
Azerbaijani Gadabay's Executive Office to engage landscaping services via tender
Turkish Airlines to put its 737 Max jets back in the air next week
Kazakh COVID-19 vaccine to be bottled in Turkey
Submarine cable to connect electrical networks of Georgia, Europe to be additional direct channel for telecommunication traffic
IMF, World Bank urged to contain pandemic with fair, efficient distribution of vaccines
South Korean battery makers agree last-minute deal in boost to Biden's EV policy
Egypt, Sudan reject Ethiopian proposal for data sharing on Renaissance dam
Bezos, Musk top Forbes' record-setting billionaire list
Turkey registers more than 52 600 new coronavirus cases
China-Brunei trade grows by over 70 pct in 2020
Argentina's economy minister heads to Europe to woo finance officials over debts
US boosts imports of Turkish-made clothes
Turkey sends off 2nd boron export train to China
First kidney transplant performed in Turkmenistan
Bahar Azadi gold coin price continues to fall in Iran
Iran unveils data of gasoline and petrochemicals exports
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert
Weekly review of key events in Azerbaijan's transport sector
China fines Alibaba record $2.75 billion for anti-monopoly violations
Italy reports 344 coronavirus deaths on Saturday, 17,567 new cases
Azercell’s “Kabinetim” mobile app exceeded 1 million downloads
Pakistani FM to visit Tehran
Funeral for UK's Prince Philip to be held on April 17
Pinterest becomes latest platform to appoint Turkey representative
Italy's economy seen growing 4.1% this year
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
All news