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


Ref.
Sart
End
Fees
Venue
Length
FBA117
3-FEB-2019
14-FEB-2019
4700$
Kuala Lumpur (Malaysia)
One Week

Intorduction

This seminar provides the skills to build knowledge, confidence and understanding of the unique Oil and Gas financial accounting, project management and business support issues. This seminar will analyse reporting frameworks, explain financial accounting policies and techniques, introduce new concepts for measuring, reporting project performance and shareholder wealth creation. 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.

Objectives

  • Successfully build knowledge of the long term strategic issues facing the Oil and Gas industry
  • Examine the financial, economic and commercial drivers
  • Understand key financial accounting and reporting principles
  • Deliver more timely and useful information to decision makers
  • Improve project controls, measurement and performance reporting and overall corporate governance

Day One

Oil and Gas Industry Overview

  • Current challenges in gaining access to reserves
  • The nature of the business and the role of the finance professional
  • Case study review
  • Oil and Gas financial accounting and reporting principles
  • Various financial reporting frameworks
  • Specific accounting terminology
  • Full cost V successful efforts

Day Two

Oil and Gas accounting methods and techniques

  • Specific financial accounting topics
    • Non drilling exploration costs
    • Acquisition costs
    • Drilling and development costs
    • Expensing of depreciable assets
    • Accounting for production activities
    • Asset retirement obligations and asset impairment
    • Accounting for revenue

Day Three

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

Day Four

Improving corporate governance

  • Project lifecycle and project planning
  • Importance and application of risk management
  • Developing and managing the risk register
  • Developing and challenging a cost estimate
  • Developing and managing contingencies
  • Probabilistic methodology using montecarlo simulation

Day Five

Capital contracting and Project performance and reporting

  • Identify the business needs
  • Understand the market and risks
  • Developing the contracting strategies and tactics
  • Contract management
  • Financial and management reporting for effective decision making
  • Developing, measuring and reporting KPIs
  • Earned value management for Oil and Gas

Get more details about this training !

Register Request

Choose the course date which you would like to attend your course on ...


Ref.
Sart
End
Fees
Venue
Length
FBA117
20-JAN-2019
31-JAN-2019
5700$
Istanbul (Turkey)
One Week
FBA117
11-FEB-2018
22-FEB-2018
5700$
Istanbul (Turkey)
One Week
FBA117
6-MAY-2018
17-MAY-2018
5700$
Istanbul (Turkey)
One Week
FBA117
8-JUL-2018
19-JUL-2018
5700$
Istanbul (Turkey)
One Week
FBA117
2-SEP-2018
13-SEP-2018
5700$
Istanbul (Turkey)
One Week
FBA117
18-NOV-2018
29-NOV-2018
5700$
Istanbul (Turkey)
One Week
FBA117
13-JAN-2019
24-JAN-2019
4700$
Dubai (UAE)
One Week
FBA117
4-MAR-2018
15-MAR-2018
4700$
Dubai (UAE)
One Week
FBA117
27-MAY-2018
7-JUN-2018
4700$
Dubai (UAE)
One Week
FBA117
15-JUL-2018
26-JUL-2018
4700$
Dubai (UAE)
One Week
FBA117
9-SEP-2018
20-SEP-2018
4700$
Dubai (UAE)
One Week
FBA117
4-NOV-2018
15-NOV-2018
4700$
Dubai (UAE)
One Week
FBA117
22-APR-2018
3-MAY-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA117
17-JUN-2018
28-JUN-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA117
26-AUG-2018
6-SEP-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA117
21-OCT-2018
1-NOV-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA117
9-DEC-2018
20-DEC-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA117
24-FEB-2019
7-MAR-2019
7500$
London (UK)
One Week
FBA117
15-APR-2018
26-APR-2018
7500$
London (UK)
One Week
FBA117
10-JUN-2018
21-JUN-2018
7500$
London (UK)
One Week
FBA117
5-AUG-2018
16-AUG-2018
7500$
London (UK)
One Week
FBA117
28-OCT-2018
8-NOV-2018
7500$
London (UK)
One Week
FBA117
16-DEC-2018
27-DEC-2018
7500$
London (UK)
One Week
FBA117
20-JAN-2019
31-JAN-2019
6950$
Paris (France)
One Week
FBA117
11-MAR-2018
22-MAR-2018
6950$
Paris (France)
One Week
FBA117
6-MAY-2018
17-MAY-2018
6950$
Paris (France)
One Week
FBA117
8-JUL-2018
19-JUL-2018
6950$
Paris (France)
One Week
FBA117
2-SEP-2018
13-SEP-2018
6950$
Paris (France)
One Week
FBA117
18-NOV-2018
29-NOV-2018
6950$
Paris (France)
One Week
How Can I Register for a Training Course?

There are three easy ways to make a registeration:

  • Register Online: Choose the course you would like to register for, Click the “REGISTER” link in the course outlines and then complete the form.
  • E-mail: Send the course details (Course Title , Course Date and Course Venue) and your company details (Company Name , Company Phone , Company Address and Company email) to Training@Oxygentraining.org
  • Telephone: Please call +44 20 8720 7333.
When should I expect to receive the confirmation file?

When we receive your registration request, we will send you the following by e-mail:

  • Confirmation File
  • Invoice File
How and When do I arrange payment?

Payment must be received before the training starts. You can make payment by wire transfer or cash.

Note: If the payment is not received before the training , Oxygen has the right to cancel your registration at any time.

What is included in the fees?

The fees for all training courses cover all materials, lunch , refreshments and airport transportation.

How can I cancel my registation?

Request for training course cancellation must be made received by Oxygen three weeks prior to the training course start date. A USD 300.00 processing fee will be charge per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due.


financial accounting reporting business support oil gas industry