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

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

BMC Training provides a training course in Financial Accounting, Reporting and Business Support in the Oil and Gas Industry in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Kuala Lumpur
    3 - 7 - 2022
    7 - 7 - 2022
  • Rome
    3 - 7 - 2022
    7 - 7 - 2022
  • Barcelona
    3 - 7 - 2022
    7 - 7 - 2022
  • Zurich
    3 - 7 - 2022
    7 - 7 - 2022
  • Kuala Lumpur
    10 - 7 - 2022
    14 - 7 - 2022
  • Rome
    10 - 7 - 2022
    14 - 7 - 2022
  • Barcelona
    10 - 7 - 2022
    14 - 7 - 2022
  • Zurich
    10 - 7 - 2022
    14 - 7 - 2022
  • London
    10 - 7 - 2022
    14 - 7 - 2022
  • Madrid
    10 - 7 - 2022
    14 - 7 - 2022
  • Berlin
    10 - 7 - 2022
    14 - 7 - 2022
  • Kuala Lumpur
    17 - 7 - 2022
    21 - 7 - 2022
  • Rome
    17 - 7 - 2022
    21 - 7 - 2022
  • Barcelona
    17 - 7 - 2022
    21 - 7 - 2022
  • Zurich
    17 - 7 - 2022
    21 - 7 - 2022
  • London
    17 - 7 - 2022
    21 - 7 - 2022
  • Madrid
    17 - 7 - 2022
    21 - 7 - 2022
  • Berlin
    17 - 7 - 2022
    21 - 7 - 2022
  • Dubai
    24 - 7 - 2022
    28 - 7 - 2022
  • Paris
    24 - 7 - 2022
    28 - 7 - 2022
  • Kuala Lumpur
    7 - 8 - 2022
    11 - 8 - 2022
  • Rome
    7 - 8 - 2022
    11 - 8 - 2022
  • Barcelona
    7 - 8 - 2022
    11 - 8 - 2022
  • Zurich
    7 - 8 - 2022
    11 - 8 - 2022
  • London
    14 - 8 - 2022
    18 - 8 - 2022
  • Madrid
    14 - 8 - 2022
    18 - 8 - 2022
  • Berlin
    14 - 8 - 2022
    18 - 8 - 2022
  • Istanbul
    21 - 8 - 2022
    25 - 8 - 2022
  • Dubai
    28 - 8 - 2022
    1 - 9 - 2022
  • Paris
    28 - 8 - 2022
    1 - 9 - 2022
  • London
    28 - 8 - 2022
    1 - 9 - 2022
  • Madrid
    28 - 8 - 2022
    1 - 9 - 2022
  • Berlin
    28 - 8 - 2022
    1 - 9 - 2022
  • Kuala Lumpur
    4 - 9 - 2022
    8 - 9 - 2022
  • Rome
    4 - 9 - 2022
    8 - 9 - 2022
  • Barcelona
    4 - 9 - 2022
    8 - 9 - 2022
  • Zurich
    4 - 9 - 2022
    8 - 9 - 2022
  • London
    4 - 9 - 2022
    8 - 9 - 2022
  • Madrid
    4 - 9 - 2022
    8 - 9 - 2022
  • Berlin
    4 - 9 - 2022
    8 - 9 - 2022
  • London
    11 - 9 - 2022
    15 - 9 - 2022
  • Madrid
    11 - 9 - 2022
    15 - 9 - 2022
  • Berlin
    11 - 9 - 2022
    15 - 9 - 2022
  • Dubai
    18 - 9 - 2022
    22 - 9 - 2022
  • Paris
    18 - 9 - 2022
    22 - 9 - 2022
  • Kuala Lumpur
    25 - 9 - 2022
    29 - 9 - 2022
  • Rome
    25 - 9 - 2022
    29 - 9 - 2022
  • Barcelona
    25 - 9 - 2022
    29 - 9 - 2022
  • Zurich
    25 - 9 - 2022
    29 - 9 - 2022
  • Istanbul
    2 - 10 - 2022
    6 - 10 - 2022
  • Dubai
    9 - 10 - 2022
    13 - 10 - 2022
  • Paris
    9 - 10 - 2022
    13 - 10 - 2022
  • London
    9 - 10 - 2022
    13 - 10 - 2022
  • Madrid
    9 - 10 - 2022
    13 - 10 - 2022
  • Berlin
    9 - 10 - 2022
    13 - 10 - 2022
  • Kuala Lumpur
    16 - 10 - 2022
    20 - 10 - 2022
  • Rome
    16 - 10 - 2022
    20 - 10 - 2022
  • Barcelona
    16 - 10 - 2022
    20 - 10 - 2022
  • Zurich
    16 - 10 - 2022
    20 - 10 - 2022
  • London
    23 - 10 - 2022
    27 - 10 - 2022
  • Madrid
    23 - 10 - 2022
    27 - 10 - 2022
  • Berlin
    23 - 10 - 2022
    27 - 10 - 2022
  • London
    6 - 11 - 2022
    10 - 11 - 2022
  • Madrid
    6 - 11 - 2022
    10 - 11 - 2022
  • Berlin
    6 - 11 - 2022
    10 - 11 - 2022
  • Dubai
    13 - 11 - 2022
    17 - 11 - 2022
  • Paris
    13 - 11 - 2022
    17 - 11 - 2022
  • Kuala Lumpur
    20 - 11 - 2022
    24 - 11 - 2022
  • Rome
    20 - 11 - 2022
    24 - 11 - 2022
  • Barcelona
    20 - 11 - 2022
    24 - 11 - 2022
  • Zurich
    20 - 11 - 2022
    24 - 11 - 2022
  • Kuala Lumpur
    27 - 11 - 2022
    1 - 12 - 2022
  • Rome
    27 - 11 - 2022
    1 - 12 - 2022
  • Barcelona
    27 - 11 - 2022
    1 - 12 - 2022
  • Zurich
    27 - 11 - 2022
    1 - 12 - 2022
  • London
    27 - 11 - 2022
    1 - 12 - 2022
  • Madrid
    27 - 11 - 2022
    1 - 12 - 2022
  • Berlin
    27 - 11 - 2022
    1 - 12 - 2022
  • Dubai
    4 - 12 - 2022
    8 - 12 - 2022
  • Paris
    4 - 12 - 2022
    8 - 12 - 2022
  • London
    4 - 12 - 2022
    8 - 12 - 2022
  • Madrid
    4 - 12 - 2022
    8 - 12 - 2022
  • Berlin
    4 - 12 - 2022
    8 - 12 - 2022
  • Istanbul
    11 - 12 - 2022
    15 - 12 - 2022
  • Kuala Lumpur
    18 - 12 - 2022
    22 - 12 - 2022
  • Rome
    18 - 12 - 2022
    22 - 12 - 2022
  • Barcelona
    18 - 12 - 2022
    22 - 12 - 2022
  • Zurich
    18 - 12 - 2022
    22 - 12 - 2022
  • London
    25 - 12 - 2022
    29 - 12 - 2022
  • Madrid
    25 - 12 - 2022
    29 - 12 - 2022
  • Berlin
    25 - 12 - 2022
    29 - 12 - 2022

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

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