An Intensive 5-day Training Course
Finance for Non-Finance Professionals
in the Oil & Gas Industry
Fundamentals of Finance and Accounting for Effective Financial Management
Scheduled Dates
Classroom
| 27 - 31 Jan 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 29 Sep - 03 Oct 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
This PetroKnowledge training course is aimed at professionals from all areas of business who require a better understanding of how finance works. Whether you are in Marketing, Human Resource Management, Maintenance or Production you will be affected by the budget available and your role will affect the profitability and cash flow of your company. The training course will take delegates from non-financial professionals to delegates who are able to understand key financial terms and contribute to the effective financial management of their department or role. The PetroKnowledge training course provides professionals from non-finance backgrounds with a fundamental grasp of the important principles of finance. This gives them the confidence to work alongside financial experts, make informed choices and fully participate in the management process.
In a competitive and uncertain economic environment all professionals need to be aware of the power and importance of finance and effective financial management. This PetroKnowledge training course will provide that understanding and develop key skills helping the company to create a finance culture throughout the organisation.
This PetroKnowledge training course will feature:
- A Glossary of Key Financial Terms to aid understanding
- Key Features of Oil & Gas Accounting to aid performance evaluation
- Preparation, Implementation & Control of Budgets and Costs
- Capital Investment Appraisal – raising finance for investment and evaluating the return
- Risk Management techniques to reduce or eliminate financial risks
What are the Goals?
By the end of this PetroKnowledge training course, participants will be able to:
- Take part in financial discussion at work armed with their understanding of key financial terms
- Understand & apply accounting & financial techniques in an Oil & Gas corporation.
- Understand and evaluate corporate financial reports
- Evaluate investment decisions
- Identify, measure and manage financial risks effectively
Who is this Training Course for?
Given the importance of finance, this PetroKnowledge training course is suitable for a wide range of professionals, working in the Oil and Gas industry, who wish to expand their financial knowledge, in order to achieve career progress and add value to their organisaton. It will greatly benefit the following:
- Non-financial professionals whose role demands an understanding of finance
- Operational, marketing, production management team
- Marketing, HR and Administration professionals who need to work to budget or contribute to budget preparation
- Professionals who aspire to manage departments where financial control s key
- Risk managers who wish to learn the latest techniques
- Finance staff who wish to improve their knowledge
How will this Training Course be Presented?
This PetroKnowledge training course uses a range of proven training methods designed to develop both understanding and skills enabling delegates to transfer benefits directly to their workplace. The training course presenter will discuss, develop, and present key topics and develop understanding using real world case studies and examples from the Oil & Gas Industry.
Case studies will also provide the opportunity for delegates to participate in teamwork analysis, to explore options, and propose strategies and solutions. All supported by extensive notes and a clear Glossary of Key Financial Terms.
Daily Agenda
Day One: Finance and Accounting
- What is Finance?
- The Importance of Finance
- The Sources & Types of Finance
- The Cost of Finance
- What is Accounting - Financial & Management Accounting?
- The Financial Accounting System
Day Two: Financial Statements of Oil & Gas Companies
- Preparing Basic Financial Statements: Cashflow, Income Statement and Statement of Financial Position
- International Financial Reporting Standards (IFRS) and US GAAP
- Revenue recognition – upstream, midstream and downstream
- Costs of Exploration & Evaluation of Mineral Reserves (IFRS 6)
- Accounting for Assets
- Analysis and Evaluation of Oil and Gas Financial Statements
Day Three: Management Accounting for Decision Making in the Oil & Gas Industry
- The Role & Purpose of Management Accounting
- Costing Methods
- Cost-Volume-Profit and Break-Even Analysis
- Budgeting – Objectives, Methodologies and Processes
- Preparing, Implementing & Controlling Budgets
- for Oil and Gas Operations
- Variance Analysis - Budget v Actual results
Day Four: Capital Investment Appraisal in the Oil & Gas Industry
- Strategic Planning and it’s link to Financial Planning in the Oil & Gas Industry
- Raising Finance for Capital Investment
- The Cost of Equity, Cost of Debt, and Weighted Average Cost of Capital (WACC)
- Investment Appraisal using: ARR, Payback, NPV and IRR
- Mergers & Acquisitions
- Decision Making when Capital is Rationed
Day Five: Financial Risk Management
- Identifying the Major Risks
- Evaluating the Risk: Probability & Impact
- Implementing a Risk Management Strategy
- Hedging Risk Using Derivatives
- Managing Oil Price Volatility
- Managing Interest Rate Risk & Managing Foreign Currency Risk
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
