Financial Skills for the Energy Industry
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Hundreds of executives have chosen our Financial Skills program for its concentrated coverage of financial management techniques uniquely tailored to the complexities of their industry.
Formerly "Developing a New Generation of Energy Leaders: Strategic Financial Skills," this intensive three and a half day program uses a hands-on approach to help you understand and master the energy sector's financial essentials. Your instructors are all Cox faculty with significant experience in executive development, consulting and financial management.
You'll share ideas and discuss industry issues with participants from around the world in small discussion groups and lively classroom sessions. You'll connect with mid-level to senior-level professionals from many segments of the energy industry and a variety of functional areas within their companies. In a series of information-packed class sessions, you'll develop essential financial acumen skills for the energy industry. By the end of the program, you'll have a working knowledge of the key areas of financial management. After completing this executive energy program, you will receive a certificate.
- Focusing on the creation of value rather than operational measures of success; how managerial decisions affect the firm's value
Capital investment and project evaluation.
- Basic discounted cash flow concepts; estimating cash flows and determining the appropriate cost of capital; comparing capital expenditure techniques—payback, IRR, NPV, etc.; reappraising the project decision—some "softer" issues to consider after the numbers have been run.
Financial accounting techniques.
- Understanding the three primary financial statements—income statement, balance sheet and cash flow statement; distinguishing between reported profit and cash flow; analyzing published oil and gas company annual reports; reporting the results of oil and gas firms—full-cost vs. successful-effort vs. standardized-measure data required by the SEC
Financing large energy projects.
- Comparing project financing to internal financing; creating value by efficiently allocating risk; understanding how capital markets evaluate risk and return in infrastructure projects; assessing bond rating process
- Demystifying derivatives; understanding forwards, futures, swaps and options; weighing the benefits and risks of hedging programs
Who should attend
- Mid-level and senior-level non-financial managers wishing to achieve financial literacy in an energy-industry setting
- Financial managers wishing to sharpen their skills, broaden their base of knowledge and relate their functional skills to a broader, general management context