Financial Accounting, Reporting and Business Support in the Oil and Gas Industry
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
Financial Accounting, Reporting and Business Support in the Oil and Gas Industry Training 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.
In addition, we will explore project management techniques in this exciting course designed to develop and enhance your skills and knowledge of this unique industry.
You will explore the issues relating to governance risk and assurance, budgeting forecasts, cost estimation, capital contracting and procurement, earned value management and measuring and reporting financial performance for effective decision making.
This course provides delegates with key financial accounting and reporting awareness and forecasting and estimation skills, that are essential in managing and controlling Oil and Gas projects in times of increasing uncertainty and complexity.
Course Outline
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
