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An Intensive 3 Day Training Course

Finance for Non-Finance Professionals
in the Oil & Gas Industry (Fast Track)

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Code Date Venue Fee($)
FI104 28 - 30 Oct 2018 Dubai - UAE 3,500
FI104 09 - 11 Dec 2018 Abu Dhabi - UAE 3,500
FI104 27 - 29 Oct 2019 Dubai - UAE 3,500
FI104 08 - 10 Dec 2019 Abu Dhabi - UAE 3,500

*All fees are exclusive of VAT


Why Choose this Training Course?

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation is making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging PetroKnowledge course addresses these important issues for established managers and give “fast track” learning for young professionals early in their careers

The training course introduces crucial theory but primarily focuses on real life problems and applications to build practical understanding and use of this essential subject

Key areas covered in this training course include:


Training Objectives click here

What are the Goals?

At the end of this training course, delegates will be able to:

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision making

Target Audience click here

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • All Professionals with financial responsibility
  • Young professional being introduced to business and finance

Training Methods click here

How will this Training Course be Presented?

This PetroKnowledge training courses uses an interesting mix of lively discussion, and exercises and contemporary examples.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life. Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

Daily Agenda click here

Day One: The Basics – Introduction to Financial Accounts

Competency Description: This day gives an introduction to the basic of financial statements including accruals accounting, financial statements and accounting in oil and gas businesses. The day also covers the essentials of cash management.

Key behaviours

  • Demonstrates Financial Literacy
  • Demonstrates Financial Understanding
  • Considers cash impacts of decisions and actions
  • Proactively manages cash impacts

Topics to be covered

  • Accounting Terminology
  • Income Statement / Balance Sheet / Cash Flow
  • Accrual basis accounting
  • Published report and accounts
  • Oil & Gas Accounting issues
  • The cash conversion cycle
  • Working capital management

Day Two: Financial Analysis and Costing

Competency Description: Two essential topics 1. Financial analysis – analysis of performance from financial statements2. Costing for decision making – better cost management and better decision making.

Key behaviours

  • Analyses decisions and actions for their impact on profit and cost
  • Considers impact of decisions on performance beyond profit
  • Manages cost effectively
  • Seeks to reduce needless cost
  • Understands cost and cost terminology

Topics to be covered

  • Profitability and gearing ratios
  • Financial & Non-financial analysis
  • The Balance Scorecard
  • Analysis of Oil & Gas Companies
  • Understanding and working with costs – oil & gas
  • Plan for cost reduction and profit improvement
  • Fixed and variable costs

Day Three: Budgeting, Forecasting& Investment Appraisal

Competency Description: The final day of the training course focuses on the practical skills of budgeting, forecasting and investment appraisal – it introduce delegates to best practice and emerging cutting edge ideas.

Key behaviours

  • Builds and Manages budgets effectively
  • Builds and uses forecasts
  • Understands variance analysis
  • Understands investment appraisal
  • Puts forward businesses cases with sound financial justifications

Topics to be covered

  • The Budgeting Process - The role of budgeting
  • Building a budget and managing a budget
  • Better forecasts and forecasting
  • Variance analysis
  • Capital Budgeting
  • Weighted Average Cost of Capital
  • Present Value & Internal Rate of Return – method

Related Courses click here


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Home » Courses » Finance, Budgeting & Accounting » Finance for Non-Finance Professionals in the Oil & Gas Industry (Fast Track)
PetroKnowledge Training


Finance for Non-Finance Professionals
in the Oil & Gas Industry (Fast Track)


Code Date Venue Fees
FI104 28 - 30 Oct 2018 Dubai - UAE $3,500
FI104 09 - 11 Dec 2018 Abu Dhabi - UAE $3,500
FI104 27 - 29 Oct 2019 Dubai - UAE $3,500
FI104 08 - 10 Dec 2019 Abu Dhabi - UAE $3,500



Why Choose this Training Course?

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation is making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging PetroKnowledge course addresses these important issues for established managers and give “fast track” learning for young professionals early in their careers

The training course introduces crucial theory but primarily focuses on real life problems and applications to build practical understanding and use of this essential subject

Key areas covered in this training course include:


Training Objectives

What are the Goals?

At the end of this training course, delegates will be able to:

Target Audience

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

This PetroKnowledge training courses uses an interesting mix of lively discussion, and exercises and contemporary examples.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life. Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

Daily Agenda

Day One: The Basics – Introduction to Financial Accounts

Competency Description: This day gives an introduction to the basic of financial statements including accruals accounting, financial statements and accounting in oil and gas businesses. The day also covers the essentials of cash management.

Key behaviours

Topics to be covered

Day Two: Financial Analysis and Costing

Competency Description: Two essential topics 1. Financial analysis – analysis of performance from financial statements2. Costing for decision making – better cost management and better decision making.

Key behaviours

Topics to be covered

Day Three: Budgeting, Forecasting& Investment Appraisal

Competency Description: The final day of the training course focuses on the practical skills of budgeting, forecasting and investment appraisal – it introduce delegates to best practice and emerging cutting edge ideas.

Key behaviours

Topics to be covered

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© 2018. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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