Financial Accounting, Reporting & Business Support in the Oil and Gas Industry
Finance, Accounting & Cybersecurity
Course Description
INTRODUCTION
This Financial Accounting, Reporting & Business Support
in the Oil and Gas Industry training seminar provides you with the latest
financial knowledge and skills, through the evaluation of strategic issues and
challenges facing the industry. It explores the internationally accepted
accounting methods and techniques used in the Oil & Gas sector to report
costs, asset values and profit as well as techniques of financial evaluations.
You will also examine the latest risk management techniques, enabling you to manage
and control oil price, exchange rate and interest rate volatility using
derivatives.
Objectives
By the end of this training course, participants will be
able to:
Evaluate the long term strategic issues facing the Oil and
Gas industry
Analyse the financial, economic and commercial drivers
Evaluate performance using key financial accounting methods
and techniques
Deliver more timely and useful information to decision
makers
Improve project controls, measurement & performance
reporting & overall corporate governance
The benefit of this
course
Better understanding
of the context and importance of the work you do
Improved knowledge and
skills to improve your effectiveness
An ability to
evaluate, analyse and recommend action
Increased
self-confidence and motivation at work
Greater job
satisfaction in providing quality support to management
Better understanding
of the context and importance of the work you do
Improved knowledge and
skills to improve your effectiveness
An ability to
evaluate, analyse and recommend action
Increased
self-confidence and motivation at work
Greater job
satisfaction in providing quality support to management
Course Outline
DAY 1
Introduction to
Financial Accounting in Oil and Gas Industry
Nature & Features
of the Oil & Gas Sector
The Latest Issues
Facing the Oil and Gas Industry
The Principles of Oil
and Gas Financial Accounting and Reporting
Definition of Reserves
and Resources
The Roles &
Responsibilities of the Finance Professional
DAY 2
Methods and Techniques
of Accounting in Oil and Gas
International
Accounting Standards for Oil and Gas Companies
Accounting Techniques
in the Oil & Gas Sector
Accounting for Costs
(all types in oil & gas)
Accounting for
Assets and the Impact
Accounting for Revenue
DAY 3
The Specific Financial
Information in Oil and Gas
International
Financial Reporting Standards (IFRS) & GAAP Differences
Joint Ventures and
Product Sharing Agreements
Financial Statements
Ratio Analysis and
Interpretation
Profitability of Oil
& Gas Companies
DAY 4
Evaluate Performance
Measurement and Improve Efficiency
Advanced Financial
Analysis
Evaluating Capital
Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
Comparative Analysis
& Benchmarking
Earned Value
Management for Oil And Gas
Evaluation the Assets
& Reserves of Oil & Gas Companies
DAY 5
Risk Management &
Auditing
Understand the Market
and Identify the Risks related to Oil & Gas Sector
Process of Risk
Assessment
Compliance & Legal
Requirments
The Board & Audit
Committee - roles & responsibilities
Efficient Planning,
Stability and Growth
Course Outline
DAY 1
Introduction to
Financial Accounting in Oil and Gas Industry
Nature & Features
of the Oil & Gas Sector
The Latest Issues
Facing the Oil and Gas Industry
The Principles of Oil
and Gas Financial Accounting and Reporting
Definition of Reserves
and Resources
The Roles &
Responsibilities of the Finance Professional
DAY 2
Methods and Techniques
of Accounting in Oil and Gas
International
Accounting Standards for Oil and Gas Companies
Accounting Techniques
in the Oil & Gas Sector
Accounting for Costs
(all types in oil & gas)
Accounting for
Assets and the Impact
Accounting for Revenue
DAY 3
The Specific Financial
Information in Oil and Gas
International
Financial Reporting Standards (IFRS) & GAAP Differences
Joint Ventures and
Product Sharing Agreements
Financial Statements
Ratio Analysis and
Interpretation
Profitability of Oil
& Gas Companies
DAY 4
Evaluate Performance
Measurement and Improve Efficiency
Advanced Financial
Analysis
Evaluating Capital
Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
Comparative Analysis
& Benchmarking
Earned Value
Management for Oil And Gas
Evaluation the Assets
& Reserves of Oil & Gas Companies
DAY 5
Risk Management &
Auditing
Understand the Market
and Identify the Risks related to Oil & Gas Sector
Process of Risk
Assessment
Compliance & Legal
Requirments
The Board & Audit
Committee - roles & responsibilities
Efficient Planning,
Stability and Growth