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

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-01-2024

    Kuala Lumpur

  • July-29-2024

    Kuala Lumpur

  • Aug-05-2024

    Kuala Lumpur

  • Sep-02-2024

    Kuala Lumpur

  • Sep-30-2024

    Kuala Lumpur

  • Oct-07-2024

    Kuala Lumpur

  • Nov-04-2024

    Kuala Lumpur

  • Dec-02-2024

    Kuala Lumpur

  • Dec-30-2024

    Kuala Lumpur

Dates in Other Venues

  • July-01-2024

    Istanbul

  • July-08-2024

    Singapore

  • July-08-2024

    Paris

  • July-22-2024

    London

  • July-22-2024

    Istanbul

  • July-29-2024

    Amsterdam

  • Aug-05-2024

    Istanbul

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-26-2024

    London

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-09-2024

    Paris

  • Sep-09-2024

    Singapore

  • Sep-23-2024

    London

  • Sep-23-2024

    Istanbul

  • Sep-30-2024

    Amsterdam

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Singapore

  • Oct-14-2024

    Paris

  • Oct-28-2024

    London

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Singapore

  • Nov-11-2024

    Paris

  • Nov-25-2024

    Amsterdam

  • Nov-25-2024

    London

  • Dec-02-2024

    Istanbul

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-23-2024

    London

  • Dec-23-2024

    Istanbul

  • Dec-30-2024

    Amsterdam

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