This comprehensive five-day program offers specialized insights into the financial accounting aspects of the oil & gas industry. By exploring the key differences between financial accounting and management accounting, as well as finance and accounting, participants will develop a holistic understanding of accounting and finance within the context of the oil & gas sector. Acquire the critical skills and knowledge necessary for making informed decisions and driving organizational success. Upon completion, participants will receive a certification in finance and accounts.
Finance and Accounting Departments.
Business Development and Strategic Planning Departments.
Risk Management and Internal Audit Departments.
Participants will gain the ability to:
This training course combines theoretical sessions and practical case studies to enhance comprehension and application. Real-world scenarios from the oil & gas industry are utilized for interactive sessions and group work. Each day concludes with a reflective review to consolidate learning and provide feedback. Our goal is to ensure that participants develop a strong understanding of finance and accounting as they apply to the oil & gas industry.
Comprehensive Workbook on 'Finance and Accounting for the Oil & Gas Industry'
Practical case studies from the Oil & Gas industry
Checklists and templates for financial accounting
Online resources for continued learning after the course
Access to a network of industry professionals
Topic 1: The nature of the Oil & Gas sector
Topic 2: Current and future challenges within the sector
Topic 3: Financial issues impacting strategic development and growth
Topic 4: Managing macroeconomic factors in the industry
Reflection & Review: Discussion on key learnings and takeaways from Day 1
Topic 1: Revenue recognition
Topic 2: Costs in acquisition, exploration, development, and production of new reserves
Topic 3: Crack spread and its impact on refineries and petrochemical companies
Topic 4: IFRS standards related to the oil & gas sector
Reflection & Review: Recap of the day's topics with interactive Q&A
Topic 1: IAS 16: Property, Plant and Equipment
Topic 2: Depletion, Depreciation & Amortization (DD&A)
Topic 3: IAS 36: Impairment of Assets
Topic 4: IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
Topic 5: IAS 38: Intangible Assets
Topic 6: IAS 39 & IFRS 9: Financial Instruments recognition and measurement
Reflection & Review: Overview of the day's topics and feedback session
Topic 1: Measuring reserves and their impact on refineries and petrochemical companies
Topic 2: Evaluating operational and fiscal performance
Topic 3: Financial analysis, including income statements, balance sheets, and cash flow analysis
Topic 4: Dupont analysis for improving Return on Equity (ROE)
Topic 5: Evaluation of share price and investment performance
Reflection & Review: Debrief on the day's learning with practical examples
Topic 1: Integrating financial accounting principles into the oil & gas industry context
Topic 2: Reviewing key concepts and case studies
Topic 3: Final assessment and certification in finance and accounts
Reflection & Review: Final reflections, exam preparation tips, and feedback session
How This Course is Different: Our 'Advanced Accounting & Finance for the Oil & Gas Industry Training Course' stands out from other similar programs due to its exclusive focus on the oil & gas industry. The course content is tailored to address the unique accounting and financial challenges faced by this sector. Furthermore, the course offers a certification in finance and accounts, adding significant value to participants' professional growth.
credits: 5 credit per day
Course Mode: full-time
Provider: Agile Leaders Training Center
Istanbul 2024-08-05 #242216
2024-08-05 - 2024-08-09 ( full-time )
The Fees: 3700 Euro
Max Chairs: 12