
Oil & Gas Accounting & Performance Measurement
Location | Start Date | End Date | Fees | Enquire | Register | Download & Print |
---|---|---|---|---|---|---|
Casablanca | 17 Feb 2025 | 21 Feb 2025 | 3800€ | Enquire Now | Register Now | |
Amsterdam | 24 Feb 2025 | 28 Feb 2025 | 5900€ | Enquire Now | Register Now | |
Kuala Lumpur | 03 Mar 2025 | 07 Mar 2025 | 3800€ | Enquire Now | Register Now | |
London | 10 Mar 2025 | 14 Mar 2025 | 5900€ | Enquire Now | Register Now | |
Cairo | 31 Mar 2025 | 04 Apr 2025 | 3400€ | Enquire Now | Register Now | |
Zürich | 14 Apr 2025 | 18 Apr 2025 | 5900€ | Enquire Now | Register Now | |
Singapore | 02 Jun 2025 | 06 Jun 2025 | 4300€ | Enquire Now | Register Now | |
Dubai | 09 Jun 2025 | 13 Jun 2025 | 3400€ | Enquire Now | Register Now | |
Vienna | 23 Jun 2025 | 27 Jun 2025 | 5900€ | Enquire Now | Register Now | |
Athens | 07 Jul 2025 | 11 Jul 2025 | 5900€ | Enquire Now | Register Now | |
Madrid | 14 Jul 2025 | 18 Jul 2025 | 5900€ | Enquire Now | Register Now | |
Barcelona | 21 Jul 2025 | 25 Jul 2025 | 5900€ | Enquire Now | Register Now | |
Istanbul | 27 Oct 2025 | 31 Oct 2025 | 3400€ | Enquire Now | Register Now | |
Paris | 29 Dec 2025 | 02 Jan 2026 | 5900€ | Enquire Now | Register Now | |
Oil & Gas Accounting & Performance Measurement Course
Introduction :
The Oil Gas industry is a complex and dynamic sector that requires specialized knowledge in accounting and performance measurement. This course aims to equip participants with the essential skills and understanding needed to navigate the financial intricacies of the oil and gas sector. Participants will explore the unique accounting practices, regulatory frameworks, and performance metrics that are critical for effective financial management in this industry. Through a combination of theoretical knowledge and practical applications, this course will prepare attendees to make informed decisions and contribute to their organizations' financial success.
Target Audience :
- Financial professionals working in the oil and gas sector.
- Accountants seeking to specialize in oil and gas accounting.
- Business analysts and performance measurement specialists.
- Managers and executives involved in financial decision-making.
- Students and recent graduates interested in pursuing a career in oil and gas finance.
- Anyone seeking to enhance their knowledge of accounting practices specific to the oil and gas industry.
Course Objectives :
- Understand the fundamental principles of oil and gas accounting.
- Analyze financial statements specific to the oil and gas industry.
- Apply relevant accounting standards and regulations governing the sector.
- Measure and evaluate performance using key performance indicators (KPIs).
- Identify and mitigate financial risks associated with oil and gas operations.
- Develop strategies for effective financial reporting and compliance.
Course Modules :
Introduction to Oil Gas Accounting
- Overview of the oil and gas industry.
- Importance of specialized accounting practices.
- Key differences between oil and gas accounting and traditional accounting.
Regulatory Frameworks
- Overview of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
- Specific regulations impacting the oil and gas sector (e.g., SEC regulations, FASB guidelines).
- Compliance requirements and reporting obligations.
Financial Statements Analysis
- Structure and components of financial statements in the oil and gas industry.
- Techniques for analyzing income statements, balance sheets, and cash flow statements.
- Understanding the implications of financial results on business decisions.
Cost Accounting in Oil Gas
- Breakdown of cost categories: exploration, development, production, and decommissioning costs.
- Methods for allocating costs and budgeting.
- Impact of cost management on profitability and operational efficiency
Revenue Recognition in Oil Gas
- Understanding different revenue streams (e.g., sales of crude oil, natural gas, and by-products).
- Exploration of contracts and agreements affecting revenue recognition.
- Case studies on revenue recognition challenges in the industry.
Performance Measurement and Key Performance Indicators (KPIs)
- Introduction to KPIs relevant to oil and gas operations.
- Techniques for benchmarking and performance evaluation.
- Tools for monitoring operational efficiency and financial health.
Risk Management in Oil Gas Finance
- Identifying financial risks specific to the oil and gas sector (e.g., price volatility, geopolitical risks).
- Strategies for risk assessment and mitigation.
- Importance of internal controls and compliance measures.
Case Studies and Real-World Applications
- Analysis of financial management practices in leading oil and gas companies.
- Lessons learned from successful and unsuccessful financial strategies.
- Group discussions on contemporary issues facing the industry.