Petroknowledge

An Interactive 5-Day Training Course

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

Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry

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

Scheduled Dates

Classroom

08 - 12 Jun 2026
London - UK
$5,950
03 - 07 Aug 2026
Dubai - UAE
$5,950
14 - 18 Sep 2026
Kuala Lumpur - Malaysia
$5,950
28 Sep - 02 Oct 2026
Dubai - UAE
$5,950
30 Nov - 04 Dec 2026
Dubai - UAE
$5,950
15 - 19 Mar 2027
Kigali - Rwanda
$5,950
07 - 11 Jun 2027
London - UK
$5,950
02 - 06 Aug 2027
Dubai - UAE
$5,950
13 - 17 Sep 2027
Kuala Lumpur - Malaysia
$5,950
27 Sep - 01 Oct 2027
Dubai - UAE
$5,950
29 Nov - 03 Dec 2027
Dubai - UAE
$5,950

Online

08 - 12 Jun 2026
Online
$3,950
30 Nov - 04 Dec 2026
Online
$3,950
07 - 11 Jun 2027
Online
$3,950
29 Nov - 03 Dec 2027
Online
$3,950

Why Choose this Training Course?

This Financial Accounting, Reporting &  Business Support in the Oil and Gas Industry training course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives.

In addition, we will explore project management techniques in this exciting training course designed to develop and enhance your skills and knowledge of this unique industry.

This Financial Accounting, Reporting &  Business Support in the Oil and Gas Industry training course will feature:

  • An analysis of the major Strategic Issues affecting the Oil & Gas Industry
  • Key financial accounting methods and techniques including the latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • An analysis of Joint Venture and Product Sharing Agreements
  • The latest Risk Management techniques
  • The latest Project Management techniques

What are the Goals?

By the end of this Financial Accounting, Reporting &  Business Support in the Oil and Gas Industry training course, participants will be able to: 

  • Evaluate the long term strategic issues facing the Oil and Gas industry
  • Analyse the financial, economic and commercial drivers
  • Evaluate performance using key financial accounting methods and techniques
  • Deliver more timely and useful information to decision makers
  • Improve project controls, measurement & performance reporting & overall corporate governance

Who is this Training Course for?

This PetroKnowledge Financial Accounting, Reporting &  Business Support in the Oil and Gas Industry training course is suitable for a wide range of professionals but will greatly benefit:

  • Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting
  • Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques
  • Financial Planners and Cost Analysts
  • Line/Unit Heads with direct planning and budgeting responsibility
  • Account Personnel and Business Consultants

How will this Training Course be Presented?

This training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Organisational Impact

This training course is of direct relevance to the Oil & Gas sector and as a result the organisations will benefit greatly from their employees’ participation. The organization will gain from employees with:

  • An in-depth knowledge of the finance and accounting issues facing your organization
  • The knowledge and skills to prepare accounts in accordance with IFRS
  • An ability to evaluate the impact of major IFRS
  • Skills to evaluate performance and recommend actions to improve performance
  • An awareness of risk and the tool and techniques to manage risk effectively
  • An ability to work independently and as valuable team members

Personal Impact

This training course will of personal benefit to delegates by providing you with a:

  • Better understanding of the context and importance of the work you do
  • Improved knowledge and skills to improve your effectiveness
  • An ability to evaluate, analyse and recommend action
  • Increased self-confidence and motivation at work
  • Greater job satisfaction in providing quality support to management
  • Greater ability to supervise, develop and motivate colleagues

Daily Agenda

Day 1: Introduction to Financial Accounting in Oil and Gas Industry
  • Nature & features of the Oil & Gas sector
  • The latest issues facing the Oil and Gas industry
  • The principles of Oil and Gas financial accounting and reporting
  • International Financial Reporting Standards (IFRS) for Oil and Gas Companies latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • The Roles & responsibilities of the Finance professional
Day 2: Methods and Techniques of Accounting in Oil and Gas 
  • Accounting for Revenue
  • Accounting for Costs (Acquisition, Exploration, Development & Production) and IFRS 6
  • Accounting for Assets: IAS 2, IAS16 
  • Accounting for Impairment of Assets: IAS36
  • Accounting for Resources & Reserves & IFRS 6
Day 3: Evaluating Financial Statements & Reports of Oil and Gas Companies
  • Financial Statements of leading Oil & Gas Companies
  • Ratio Analysis and the Evaluation of Financial Performance
  • Evaluation the Assets & Reserves of Oil & Gas Companies – from Day 4
  • Comparative Analysis & Benchmarking – from Day 4
  • Evaluating the Strategic Outlook of leading Oil & Gas Companies
Day 4: Evaluating New Project Development
  • Efficient Planning, Stability and Growth – From Day 5
  • Financing Growth 
  • Evaluating Capital Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
  • Earned Value Management for Oil and Gas
  • Joint Ventures and Product Sharing Agreements – from Day 3
Day 5: Risk Management & Auditing
  • Understand the Market and Identifying the Risks related to Oil & Gas Sector
  • Risk Assessment: Probability & Impact
  • Risk Management Techniques
  • Compliance & Legal Requirements
  • The Board & Audit Committee - roles & responsibilities

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

GLOMACS Training
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The Energy Training Centre
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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

Finance & Accounting

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