Financial Accounting & Reporting in Oil & Gas

Description

Introduction 

This course provides you with the latest financial knowledge and skills by evaluating the industry’s strategic issues and challenges. It explores the internationally accepted accounting methods and techniques used in the oil & gas sector to report costs, asset values and profit, and financial evaluations techniques.

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. We will also explore project management techniques in this exciting course designed to develop and enhance your skills and knowledge of this unique industry.

Course Content

• An analysis of the major strategic issues affecting the oil & gas industry
• Essential financial accounting methods and techniques
• A review of a joint venture and production sharing agreements
• The latest risk management techniques
• The latest project management techniques

Learning Outcome
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 essential financial accounting methods and techniques
• Deliver more timely and useful information to decision-makers
• Improve project controls, measurement & performance reporting & overall corporate governance