Compare courses
Register
Oxford Management Centre

Certificate in Financial Management for Oil and Gas Companies

Sep 2—6
5 days
Abuja, Nigeria
USD 5950
USD 1190 per day
Nov 24—28
5 days
Dubai, United Arab Emirates
USD 4950
USD 990 per day

How it works

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with Oxford Management Centre.

Full disclaimer.

Description

INTRODUCTION

When the training course addresses a number of economic, legal, accounting, taxation, auditing, budgeting, controlling, planning, information system, managerial and strategic planning issues in a context, it is our Financial Management course.

This training course provides a deeper knowledge on accounting in the oil industry and to introduce the tools of financial analysis and management. Participants in this course will be provided with knowledge that can be shared amongst their own colleagues, and with other departments.

The training course will introduce the practical realities of today’s world, and the understanding of the various financial techniques available will enable delegates to communicate better with financial professionals, within and external to their organization, and to become more effective managers.

Specifically, you will learn to:

  • Appreciate the specificities of the international petroleum accounting standards
  • Define fundamentals of cost analysis and control
  • Analyze and review the financial report of a company
  • Review alternative methods of accounting for exploration and production companies
  • Use the methodology and techniques of audit

SEMINAR OUTLINE

  • Overview of Accounting & Financial Essential in Oil & Gas Sector
  • Financial Management in the Oil & Gas Sector
  • Financial structure costing and Decision-Making
  • Capital Budgeting & Financial Ratio Analysis
  • Valuation of Oil & Gas Company

Agenda

Day1 -

OVERVIEW OF ACCOUNTING & FINANCIAL ESSENTIAL IN OIL & GAS SECTOR

  • Latest Events in the Oil & Gas sector- price volatility and supply & demand changes
  • Managing the macro-economic factors, e.g. interest rates, exchange rates, oil prices
  • Resources & Reserves
  • Major Accounting Issues in the Oil & Gas Sector
  • Revenue Recognition
  • Costs in Acquisition, Exploration, Development and Production of new oil or natural gas reserves
  • Break Even Oil, Cost Oil & Profit Oil
  • Accounting Approaches – The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method
  • IFRS in relation to the Oil & Gas Sector

Day2 -

FINANCIAL MANAGEMENT IN THE OIL & GAS SECTOR

  • Oil and Gas Company Financial
  • Financial Statement Analysis in the Oil & Gas sector:
  • Profit and loss account (income statement)
  • Balance sheet
  • Cash flow statement and its importance
  • Measurement of operating performance
  • Measures of financial performance and financial position
  • Risk measurement
  • Limitations of ratio analysis
  • Annual Reports Analysis

Day3 -

FINANCIAL STRUCTURE COSTING AND DECISION-MAKIN

  • Financial structure
  • Cost of debt
  • Cost of equity
  • Weighted average cost of capital (WACC)
  • Optimal capital structure
  • Costing
  • Fixed costs, variable costs, and overheads
  • Overhead allocation, absorption and the use of activity based costing (ABC)
  • Expenses versus inventory (stock valuation)
  • Contribution compared with profit
  • Decision-Making
  • Make versus buy decisions
  • Shut-down or contribution decisions
  • Product mix decisions and limiting factors
  • Decisions trees

Day4 -

CAPITAL BUDGETING & FINANCIAL RATIO ANALYSIS

  • Capital budgeting
  • Capital rationing
  • Ranking investment projects
  • Inflation and investment
  • Using expected values and standard deviations to make decisions
  • Purposes of budgeting
  • The budget processes
  • Activity based budgeting
  • Uncertainty and risk – worst and best outcomes
  • Maximin and minimax regret rules
  • Financial Ratio Analysis
  • Types of Ratios
  • DuPont Analysis – Evaluating and Improving Return on Equity (ROE)
  • Evaluation of Share Price and Investment Performance
  • Evaluating the Financial Performance of leading international companies in the sector

Day5 -

VALUATION OF OIL & GAS COMPANY

  • Types of valuation methods
  • Payback
  • Net present value
  • Internal rate of return
  • Discounted payback
  • Working capital management and cash improvement
  • Working capital and working capital requirement
  • Managing working capital
  • Cash improvement techniques
  • Cash management and the banking facilities
  • Mergers and Acquisitions Practices Today

Who should attend

  • Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
  • Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
  • Joint Venture Accountants and Auditors
  • External, Financial and Internal Auditors
  • Government Regulators and Auditors
  • Financial and Investment Analysts

Next dates

Sep 2—6
5 days
Abuja, Nigeria
USD 5950
USD 1190 per day
Nov 24—28
5 days
Dubai, United Arab Emirates
USD 4950
USD 990 per day

How it works

Show more
Get free assistance in program selection