CERTIFIED PETROCHEMICAL ACCOUNTING & PERFORMANCE MEASUREMENT PROFESSIONAL

NAME OF THE COURSE
CERTIFIED PETROCHEMICAL ACCOUNTING & PERFORMANCE MEASUREMENT PROFESSIONAL  
 
CERTIFICATION
CERTIFIED PETROCHEMICAL ACCOUNTING & PERFORMANCE MEASUREMENT PROFESSIONAL  
 
COURSE OVERVIEW
This Course on Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate Oil & Gas and Petrochemical Accounting and Performance Measures. It focuses on the risks currently facing the sector including oil price volatility and changing patterns of demand.
It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of Oil & Gas accounts. Delegates will, therefore, be able to prepare financial statements in line with IFRS and make strategic decisions to improve the financial performance of their organization. 
 
TRAINING DURATION
Training Hours per day : 4-6 Hours
Total Training Hours : 20-24 Hours
Training Duration      : 5 Days
Total Training  Days  : 5-10 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions : 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBLE FOR
  • Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
  • Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
  • Joint Venture Accountants and Auditors
  • Financial and Investment Analyst
  • Seminar Outline
 
COURSE BENEFITS
  • The major risks of the Oil & Gas and Petrochemical sectors and the Tools to manage those Risks
  • The latest International Tools and Techniques to develop Skills of Evaluation and Performance Measurement
  • Evaluate the Major Issues facing the Oil & Gas and Petrochemical sector
  • Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS)
  • Evaluate the Financial and Operational Performance of International Oil & Gas and Petrochemical companies
 
COURSE CONTENTS 1
The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)
  • Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
  • The Crack Spread – issues facing Refineries and Petrochemical companies
  • Break-Even Oil, Cost Oil & Profit Oil
  • IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
  • IFRS 6 Exploration & Evaluation of Mineral Assets
  • An Overview of IFRS in relation to the Oil & Gas Industry, e.g.
  • IAS 16: Property, Plant and Equipment
  • Depletion, Depreciation & Amortisation  (“DD&A”)
  • IAS 36: Impairment of Assets
  • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow Analysis and Its Importance in the Oil & Gas sector
  • Evaluating the Financial Performance of Leading International Companies in the Sector
  • Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact  
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
 
COURSE CONTENTS 2
 
The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement
  • Latest Events in the Oil & Gas and Petrochemical sectors – price volatility and supply & demand changes
  • Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
  • Resources & Reserves
  • Strategic Choices currently facing the Sector
  • Capital Investment Issues
  • Performance across the Sector
 
Major Accounting Issues in the Oil & Gas Sector and Petrochemical
  • Revenue Recognition
  • Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
  • The Crack Spread – issues facing Refineries and Petrochemical companies
  • Break-Even Oil, Cost Oil & Profit Oil
  • IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
  • IFRS 6 Exploration & Evaluation of Mineral Assets
 
Accounting for Assets
  • IAS 16: Property, Plant and Equipment
  • Depletion, Depreciation & Amortisation (“DD&A”)
  • IAS 36: Impairment of Assets
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
  • IAS 38: Intangible Assets
  • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
 
Measuring Financial Performance
  • Cross-Sectional & Time Series Analysis
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow  Analysis and Its Importance in the Oil & Gas sector
  • Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
  • Evaluation of Share Price and Investment Performance
  • Evaluating the Financial Performance of Leading International Companies in the Sector
 
Measuring Operational & National / Government Efficiency and Performance
  • Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies
  • Finding; Development & Production Capability & Efficiency
  • Evaluating the Operational Performance of Leading International Companies in the Sectors
  • Earned Value Added Analysis of Projects
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
  • National / Government Measures of Efficiency & Performance
REGISTER