Imperial Corporate Training Institute offers an Oil & Gas Financial Management & Accounting Training Course, which provides learners with a thorough understanding of the application of financial systems in upstream, midstream and downstream environments. In addition, learners will be trained on how to apply their knowledge in dealing with the many financial and business challenges associated with upstream, midstream and downstream.
Students will be exposed to numerous real-life situations and case studies, as well as industry-specific accounting practices. In addition to financial budgeting and cost-controlling, students will be able to apply their financial analysis and asset management skills to the oil and gas industry, as well as other related industries. Students will also learn the processes of revenue recognition, cost recovery and the use of joint operation accounting, and they will develop a good understanding of the financial reporting framework that applies throughout the global energy sector. Ultimately, graduates of this program will have the necessary skills to accurately, transparently and consistently manage the financial aspects of their employer’s operations.
Objectives
Attendees will be able to:
- Understand the entire structure of financial management in Oil and Gas operations
- Understand how capital budgeting and investment appraisal, as well as project costs, tend to be implemented within the Energy Sector
- Strengthen your financial analysis, economic evaluation and performance forecasting skills
- Become an expert in the Oil and Gas Accounting areas of Depletion, Amortisation and Impairment
- Review Joint Venture Accounting and Cost Sharing in regards to Exploration and Production
- Gain the ability to produce Sector Specific Financial Statements and Financial Reports
- Have increased understanding of Cost Control, Budgeting and Variance Analysis for Operational Decision Making
- Have an understanding of Regulatory Requirements for Financial Reporting and Compliance in Oil and Gas
Target Audience
- Finance Managers, Financial Analyst and Accountants that work within Oil and Gas Operations
- Auditors, Budget Officers and Compliance Professionals
- Project Manager and Supervisor that are involved in both Financial Planning and Cost Control Activities
- Executives, Team Leaders and Department Heads that are looking to gain a greater level of Financial Literacy in the Petroleum Industry
- Anyone who is seeking to develop or enhance their knowledge of Financial Management Skills in the Energy Industry.