* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
This course provides the essential financial knowledge and skills to enable delegates to successfully recommend appropriate methods of finance and to prepare, understand and evaluate financial accounts for the Oil & Gas industry.
What Do Participants Learn?
Course Object Recommend appropriate methods of financing capital projects
Evaluate capital investment proposals
Prepare financial statements in line with International Financial Reporting Standards
understand the issues facing Business Combinations Joint Arrangements & Production Sharing Agreements
evaluate financial statements to identify and recommend improvements within their own organization
Who Should Attend?
Managers and Supervisors
Those responsible for raising and managing finance
Those responsible for making or contributing to capital decisions
Professionals who require a more in-depth understanding of finance and accounting
Line heads with direct finance and accounting responsibility
Those responsible for making decisions based on finance budget
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section One: 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 Capital Rationing – Internal & External
Section Two: Accounting in the Oil & Gas Industry
The Accounting System Understanding the Annual Report Preparing Financial Statements Accounting Approaches
Section Three: Accounting for Reserves, Resources & Assets
Resources & Reserves – the size and importance Reserve Classification & Reserve Quantity Disclosures Accounting for Assets & Relevant Depreciation, Depletion, and Amortization (DD&A) Decommissioning, Removal & Restoration of Assets
Section Four: Business Combinations, Joint Arrangements & Production Sharing Agreements
The Need for Co-operation in a Capital Intensive industry Business Combinations Preparing and Presenting Consolidated Statements Joint Arrangements, Joint Operations & Joint Ventures Production Sharing Agreements Revenue, Cost, Cash flow & Reserve Implications
Section Five: 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 the light of an analysis