Financial Accounting, Reporting and Business Support in the Oil and Gas Industry

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Oct-07-2024

    Kuala Lumpur

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    London

  • Oct-14-2024

    Paris

  • Oct-14-2024

    Singapore

  • Oct-28-2024

    Amsterdam

  • Oct-28-2024

    London

  • Nov-04-2024

    Kuala Lumpur

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Singapore

  • Nov-11-2024

    Paris

  • Nov-25-2024

    London

  • Nov-25-2024

    Amsterdam

  • Dec-02-2024

    Istanbul

  • Dec-02-2024

    Kuala Lumpur

  • Dec-09-2024

    Paris

  • Dec-09-2024

    Singapore

  • Dec-23-2024

    Istanbul

  • Dec-23-2024

    London

  • Dec-30-2024

    Amsterdam

  • Dec-30-2024

    Kuala Lumpur

  • Jan-06-2025

    Kuala Lumpur

  • Jan-06-2025

    Istanbul

  • Jan-13-2025

    Singapore

  • Jan-13-2025

    Paris

  • Jan-20-2025

    London

  • Jan-20-2025

    Amsterdam

  • Jan-27-2025

    Dubai

  • Jan-27-2025

    Barcelona

  • Feb-03-2025

    Istanbul

  • Feb-03-2025

    Kuala Lumpur

  • Feb-10-2025

    Paris

  • Feb-10-2025

    Singapore

  • Feb-17-2025

    Amsterdam

  • Feb-17-2025

    London

  • Feb-24-2025

    Barcelona

  • Feb-24-2025

    Dubai

  • Mar-03-2025

    Kuala Lumpur

  • Mar-03-2025

    Istanbul

  • Mar-10-2025

    Singapore

  • Mar-10-2025

    Paris

  • Mar-17-2025

    London

  • Mar-17-2025

    Amsterdam

  • Mar-24-2025

    Barcelona

  • Mar-24-2025

    Dubai

  • Apr-07-2025

    Kuala Lumpur

  • Apr-07-2025

    Istanbul

  • Apr-14-2025

    Paris

  • Apr-14-2025

    Singapore

  • Apr-21-2025

    London

  • Apr-21-2025

    Amsterdam

  • Apr-28-2025

    Dubai

  • Apr-28-2025

    Barcelona

  • May-05-2025

    Istanbul

  • May-05-2025

    Kuala Lumpur

  • May-12-2025

    Singapore

  • May-12-2025

    Paris

  • May-19-2025

    Amsterdam

  • May-19-2025

    London

  • May-26-2025

    Dubai

  • May-26-2025

    Barcelona

  • June-02-2025

    Istanbul

  • June-02-2025

    Kuala Lumpur

  • June-09-2025

    Paris

  • June-09-2025

    Singapore

  • June-16-2025

    London

  • June-16-2025

    Amsterdam

  • June-23-2025

    Barcelona

  • June-30-2025

    Dubai

  • June-30-2025

    Kuala Lumpur

  • June-30-2025

    Istanbul

  • July-07-2025

    Kuala Lumpur

  • July-07-2025

    Istanbul

  • July-14-2025

    Paris

  • July-14-2025

    Singapore

  • July-21-2025

    London

  • July-21-2025

    Amsterdam

  • July-28-2025

    Barcelona

  • July-28-2025

    Dubai

  • Aug-04-2025

    Istanbul

  • Aug-04-2025

    Kuala Lumpur

  • Aug-11-2025

    Paris

  • Aug-11-2025

    Singapore

  • Aug-18-2025

    London

  • Aug-18-2025

    Amsterdam

  • Aug-25-2025

    Dubai

  • Aug-25-2025

    Barcelona

  • Sep-01-2025

    Istanbul

  • Sep-01-2025

    Kuala Lumpur

  • Sep-08-2025

    Paris

  • Sep-08-2025

    Singapore

  • Sep-15-2025

    Amsterdam

  • Sep-15-2025

    London

  • Sep-22-2025

    Barcelona

  • Sep-29-2025

    Kuala Lumpur

  • Sep-29-2025

    Dubai

  • Sep-29-2025

    Istanbul

  • Oct-06-2025

    Kuala Lumpur

  • Oct-06-2025

    Istanbul

  • Oct-13-2025

    Singapore

  • Oct-13-2025

    Paris

  • Oct-20-2025

    London

  • Oct-20-2025

    Amsterdam

  • Oct-27-2025

    Barcelona

  • Oct-27-2025

    Dubai

  • Nov-03-2025

    Istanbul

  • Nov-03-2025

    Kuala Lumpur

  • Nov-10-2025

    Singapore

  • Nov-10-2025

    Paris

  • Nov-17-2025

    Amsterdam

  • Nov-17-2025

    London

  • Nov-24-2025

    Dubai

  • Nov-24-2025

    Barcelona

  • Dec-01-2025

    Kuala Lumpur

  • Dec-01-2025

    Istanbul

  • Dec-08-2025

    Paris

  • Dec-08-2025

    Singapore

  • Dec-15-2025

    London

  • Dec-15-2025

    Amsterdam

  • Dec-22-2025

    Barcelona

  • Dec-29-2025

    Kuala Lumpur

  • Dec-29-2025

    Dubai

  • Dec-29-2025

    Istanbul

Course Details

Course Outline

5 days course

 

 

Oil and Gas Industry Overview & the Role of Accounting and Finance
 
  • The Nature of the Oil & Gas sector
  • Current & Future challenges within the sector – a question of Supply & Demand
  • The Role of the Finance professional
  • Various financial reporting frameworks
  • Oil and Gas financial accounting and reporting principles

 

 

 
 Oil and Gas Accounting Methods and Techniques

 

  • International Financial Reporting Standards (IFRS) & International Accounting Standards (IAS) relevant for oil and gas companies
  • Specific financial accounting treatment in the Oil & Gas sector
  • Accounting for Costs – Acquisition; Exploration; Development & Production
  • Accounting for Assets - Asset Recognition; Depreciation Depletion & Amortisation and Asset Retirement
  • Accounting for Revenue

 

Partnerships and Understanding Financial Information
 
  • Joint Ventures and Product Sharing Agreements
  • Financial Performance, Position and Cash Flow Statements
  • Ratio Analysis and Interpretation
  • Analysing and Interpreting ‘Energy Specific’ Ratios
  • Comparative Analysis & Benchmarking

 

Risk Management
 
  • Understand the Market and Risks
  • Importance and Application of Risk Management
  • Hedging using Derivatives
  • Developing and Managing Contingencies
  • Probabilistic Methodology using Monte Carlo Simulation

 

 

Capital Contracting and Project Performance and Reporting
 
  • Identify The Business Needs & Developing, Measuring And Reporting KPI’s
  • Project Lifecycle and Project Planning/Management
  • Probabilistic Methodology Using Monte Carlo Simulation
  • Developing and Challenging A Cost Estimate
  • Earned Value Management for Oil And Gas

 

Course Video