FINANCIAL ACCOUNTING, REPORTING AND BUSINESS SUPPORT IN OIL & GAS INDUSTRY

NAME OF THE COURSE
FINANCIAL ACCOUNTING, REPORTING AND BUSINESS SUPPORT IN OIL & GAS INDUSTRY
 
CERTIFICATION
FINANCIAL ACCOUNTING, REPORTING AND BUSINESS SUPPORT IN OIL & GAS INDUSTRY
 
COURSE OVERVIEW
This course 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.
 
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
  • This course has been designed for professionals interested in understanding, analysing, and using financial reports, including, but not limited to, finance and accounting professionals, financial analysts and engineers, as well as people working within banks, sales, procurement, contracts, credit risk, public relations management, and those engaged in speculative trading in shares and securities. In general, most beneficiaries of this course are those who have limited experience in accounting and financial analysis and wish to enrich their knowledge and skillset.
  • Corporate Planners, Investment Analysts, Oil & Gas Directors who would appreciate the gist of a full Oil & Gas energy MBA study program
  • More senior Oil & Gas executives intrigued by the concepts of an MBA but lacking the time for a full MBA
  • Managers in the Oil & Gas energy sector that want a ‘taster’ to see if a full MBA might be for them
  • Professionals who have already done a generic MBA but want to relate those processes to the Oil & Gas industries
  • Managers in industries and professions supplying or serving the industry who would like a deeper understanding of oil and gas, e.g. bankers, lawyers, analysts, service majors, etc.
  • Project managers, Engineers, Supply Planners & Scheduling Professional
 
COURSE BENEFITS
  • Build and understand financial reporting and analysis through practical technical examples
  • Demonstrate the importance of financial reports their usage in economic decision-making
  • Deal with financial reporting concepts and their use for financial business necessities
  • Explore a firm’s financial areas for improvement and resolve issues using different financial reporting techniques
  • Gain the confidence to use financial information to build efficient financial reports
  • Distinguish between different accounting policies and their impact on financial reports
  • Read, understand and interpret general financial reports
 
COURSE CONTENTS
 
Financing Growth & Capital Projects
  • The Business & Financial Environment
  • Risks facing the Oil & Gas industry
  • Identifying Growth opportunities
  • Financing Growth via Equity, Debt and/or alternative sources
  • Evaluating Capital Investment using Payback, ARR, NPV & IRR
  • Capital Rationing – Internal & External
 
Accounting in the Oil & Gas Industry
  • The Accounting System
  • Understanding the Annual Report
  • Preparing Financial Statements in accordance with IFRS
  • IAS 18: Revenue & IFRS 17 Revenue from Contracts with Customers
  • IFRS 6: Exploration for and Evaluation of Mineral Assets
  • Accounting Approaches – The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method
 
Accounting for Reserves, Resources & Assets
  • Resources & Reserves – the size and importance
  • Reserve Classification & Reserve Quantity Disclosures
  • Accounting for Assets & Relevant IFRS requirements: IAS 16, 36, 37, 38 & 39
  • Depreciation, Depletion and
  • Amortisation (DD&A)
  • Ceiling or Impairment Tests
  • Decommissioning, Removal & Restoration of Assets
 
Business Combinations, Joint Arrangements & Production Sharing Agreements
  • The Need for Co-operation in a Capital Intensive industry
  • IFRS 3 Business Combinations
  • IFRS 10 Preparing and Presenting Consolidated Statements
  • IFRS 11 Joint Arrangements, Joint Operations & Joint Ventures
  • Production Sharing Agreements
  • Revenue, Cost, Cashflow & Reserve Implications
 
Financial Analysis to Evaluate Performance and Improve Efficiency
  • Analysis of Financial Statements
  • Profitability, Liquidity, Operational & Solvency measures
  • Off-Balance Sheet Items & Contingencies
  • Investment Measures of Leading International Oil & Gas companies
  • Improving Return on Equity
  • Implementing change in light of the analysis

 

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