An Intensive 5-day Training Course
Fundamentals of
Finance & Accounting
Key Concepts, Processes and Practices
Scheduled Dates
Classroom
| 26 - 30 May 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 17 - 21 Nov 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
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.
Why Choose this Training Course?
This leading edge Fundamentals of Finance and Accounting training course will meet the needs of the increasing number of delegates who find they need a working knowledge of finance and accounting to effectively participate in the management process. This training course not only provides those new to the world of finance with a sound foundation in the language of business but will also serve as an invaluable refresher and update for others that may have studied finance and accounting as part of their previous training.
Recent years have not only brought far-reaching transformation to financial accounting and corporate reporting but the volatility and pace of change in business competition means that it has never been more critical for those that wish to actively engage in the effective management of their organisations to understand and communicate in financial terms.
This PetroKnowledge Fundamentals of Finance & Accounting training course will highlight:
- The foundation and principles of modern finance and accounting
- Understanding and interpreting financial statements
- How to analyse corporate reports for deeper financial insights
- Effective financial forecasting methods
- Principles of financial investment decision-making
- Planning and budgeting techniques
What are the Goals?
This training course has been designed to provide you with up to date knowledge and practical skills in the preparation and interpretation of public sector financial statements and budgets.
By the end of this Fundamentals of Finance & Accounting training course you will have learned to:
- Understand the principles and practice of finance and accounting
- Develop your skills in analysing and interpreting financial statements
- Prepare financial forecasts for a range of business applications
- Apply effective techniques to investment decision-making
- Take an informed and active role in budgeting and planning processes
Who is this Training Course for?
This training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.
This PetroKnowledge Fundamentals of Finance & Accounting training course is suitable to a wide range of professionals but will greatly benefit:
- Financial Accountants
- Receivables and Payables Team Members
- Planning and Budgeting Managers
- Corporate Reporting and Investor Relations Staff
- Investment Analysts
- Commercial Managers
- Supply Chain and Procurement Team Members
- Capital Investment and Project Team Members
How will this Training Course be Presented?
This Fundamentals of Finance & Accounting training course will be structured as a highly participative training course with formal presentations, case studies and interactive worked examples. Relevant examples and case studies illustrate the application of each of the topics covered and ample opportunities are provided to develop useful and practical business finance skills that can be effectively applied in your work environment.
Organisational Impact
The organisation will benefit from the raised awareness of and practical skills applicable to financial accounting and reporting; delegates will develop and be able to effectively apply business acumen and improve their decision-making skills. Benefits specifically include:
- Raised awareness of business finance principles and practice
- More effective communication with finance and commercial functions
- Ability to effectively analyse and interpret financial reports
- Application of critical analysis to capital investment decisions
- Development of financial forecasting skills
- Effective participation in organisational budgeting processes
Personal Impact
Delegates will benefit from this Fundamentals of Finance & Accounting training course that has been designed to provide them with the essential theory of accounting, financial analysis, forecasting and financial decision-making whilst focusing heavily on building the practical skills to apply these in their own organisations to improve operational effectiveness and decision-making and at the same time greatly enhance their own prospects for career progression by:
- Raising awareness of business finance principles and practice
- Communicating more effectively with finance and commercial colleagues
- Ability to effectively analyse and interpret financial reports
- Applying critical analysis to capital investment decisions
- Developing practical and effective forecasting skills
- Making a meaningful and informed contribution to the budget processes
Daily Agenda
Day One: Foundation Principles
- Identifying and Meeting Stakeholder Needs
- The Function of Finance and Accounting in Modern Business
- Fundamentals of Financial Accounting
- Understanding the 5 Elements of Financial Statements
- The Purpose, Structure and Format of Financial Statements
- Breaking the Rules - Creative Accounting and Fraud
Day Two: Analysing and Interpreting Financial Statements
- The Financial Analyst’s Toolkit
- Measuring and Managing - Return On Investment
- Measuring and Managing - Asset Management Efficiency
- Measuring and Managing - Capital Structure and Risk
- Financial Analysis from an Investor’s Perspective
- Cash Flow Analysis and Improvement
Day Three: Introduction to Financial Forecasting Techniques
- Understanding Cost Behaviour and the Drivers of Profit
- Forecasting Sales Revenue and Profit
- Identifying the Drivers of Business Cash Flow
- Forecasting Business Cash Flow
- The Causes and Indicators of Business Failure
- Forecasting Business Distress and Failure
Day Four: Business Funding and Investment Decision-making
- Financial Strategy – Purpose and Elements
- Sources and Cost of Business Finance
- Understanding and Achieving an Optimum Capital Structure
- Principles of Capital Budgeting
- Understanding and Using Discounted Cash Flow (DCF) Analysis
- A Cash Flow Based Approach to Capital Investment Decision-making
Day Five: Principles of Financial Planning and Budgeting
- The Role of Business Planning and Budgeting
- Common Approaches to Budgeting
- Behavioural Aspects of Budgeting
- Criticisms and Shortcomings in Budgeting Systems
- Replacing Budgets with Rolling Forecasts
- Developing Key Driver Financial Statement Forecasts
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
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].
