Why Choose Financial Accounting, Reporting & Business Support in the Oil and Gas Industry Training Course?

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. 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.

This course will feature:

  • An analysis of the major Strategic Issues affecting the Oil & Gas Industry
  • Key financial accounting methods and techniques
  • An analysis of Joint Venture and Product Sharing Agreements
  • The latest Risk Management techniques
  • The latest Project Management techniques

 

What are the Goals?

By the end of this course, participants will be able to:

  • Evaluate the long term strategic issues facing the Oil and Gas industry
  • Analyse the financial, economic and commercial drivers
  • Evaluate performance using key financial accounting methods and techniques
  • Deliver more timely and useful information to decision makers
  • Improve project controls, measurement & performance reporting & overall corporate governance

 

Who is this Training Course for?

This course is suitable for a wide range of professionals but will greatly benefit:

  • Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting
  • Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques
  • Financial Planners and Cost Analysts
  • Line/Unit Heads with direct planning and budgeting responsibility
  • Account Personnel and Business Consultants

 

How will this Training Course be Presented?

This course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

 

The Course Content

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

Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

Do you want to learn more about this course?

Register now or contact our team to discuss schedules, delivery formats, and customised options.

Frequently Asked Questions

Common questions about our training courses

Absolutely. AZTech offers customised in-house training where this course can be tailored to your organisation's specific needs, objectives, and industry context. Please contact us directly to discuss your requirements.

For further information or to discuss customization needs, you can contact us at +971 56 333 3426 or via email at inhouse@aztechtraining.com . Additionally, you may submit a detailed inquiry through our in-house training page at: https://aztechtraining.com/in-house-training

Yes. This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry is offered in a classroom setting across multiple international locations as well as in a live online format, giving participants the flexibility to choose the option that best suits their schedule and learning preference.

AZTech courses are conducted in carefully selected 5-star hotels or 4-star premium hotels in the host city, featuring fully equipped, professional training rooms. Participants will enjoy coffee breaks and snacks throughout the day, as well as a complimentary lunch provided after each training session.

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course is designed for professionals at all levels who wish to enhance their knowledge and skills in this subject area. It is suitable for managers, team leaders, specialists, and anyone looking to advance their career and professional development.

 AZTech provides round-the-clock support to assist you with any enquiries. You can reach our team 24/7 by phone at +971 50 195 5668, by email at info@aztechtraining.com. Our dedicated training consultants are always on hand to help you with course selection, registration, scheduling, and any other questions you may have.

There are no formal prerequisites for this Financial Accounting, Reporting & Business Support in the Oil and Gas Industry course. It is open to all professionals regardless of their background or experience level, though a basic understanding of the subject area may be beneficial.

AZTech courses are delivered using a highly interactive and practical methodology, combining presentations, group discussions, real-world case studies, exercises, and workshops to ensure participants can immediately apply what they have learned in their professional environment.

Yes. Participants who successfully complete the course will receive an AZTech Certificate of Completion. This course may also be eligible for Training credits, which will be indicated in the course details.

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