Name: Oil & Gas and Petrochemical Accounting & Performance Measurement Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

29 Jun - 03 Jul 2026

Dubai - UAE

$5,950

17 - 21 Aug 2026

Vienna - Austria

$5,950

19 - 23 Oct 2026

Dubai - UAE

$5,950

07 - 11 Dec 2026

London - UK

$5,950

15 - 19 Mar 2027

London - UK

$5,950

28 Jun - 02 Jul 2027

Dubai - UAE

$5,950

16 - 20 Aug 2027

Vienna - Austria

$5,950

18 - 22 Oct 2027

Dubai - UAE

$5,950

06 - 10 Dec 2027

London - UK

$5,950

Why Choose this Training Course?

This PetroKnowledge Oil & Gas and Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate Oil & Gas and Petrochemical Accounting and Performance Measures. It focuses on the risks currently facing the sector including oil price volatility and changing patterns of demand.

It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of Oil & Gas accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization.

This PetroKnowledge training course will highlight:

The major risks of the Oil & Gas and Petrochemical sectors and the tools to manage those risks
How to Prepare Financial Statements in line with IFRS
The latest international tools and techniques to develop skills of evaluation and performance measurement
Issues facing multinational companies and those engaged in Joint Ventures or Production Sharing Agreements
The lessons to be learnt from an evaluation of leading international Oil & Gas and Petrochemical companies

What are the Goals?

At the end of this PetroKnowledge training course, you will learn to:

Evaluate the Major Issues facing the Oil & Gas and Petrochemical sector
Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS)
Evaluate the Financial and Operational Performance of international Oil & Gas and Petrochemical companies
Evaluate the importance and contribution of Oil & Gas and Petrochemicals to the National Governments and the Fiscal Budget
Recommend Strategic Plans to Improve Performance

Who is this Training Course for?

This PetroKnowledge Oil & Gas and Petrochemical Accounting & Performance Measurement training course is ideally suited to those who work in the Oil & Gas sector particularly those in an accounting and performance measurement role.

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

Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
Joint Venture Accountants and Auditors
External, Financial and Internal Auditors
Government Regulators and Auditors
Financial and Investment Analysts

How will this Training Course be Presented?

The PetroKnowledge Oil & Gas and Petrochemical Accounting & Performance Measurement training course is highly interactive with delegates actively engaged in the discussion and evaluation of Oil & Gas case studies throughout the course. Delegates are taken through the latest techniques to evaluate performance and learning is further reinforced by examination of annual reports of international oil and gas companies.

At the end of each day, participants have an opportunity for a one-to-one session with the training course leader to develop their understanding further and will be provided with course notes and examples in both hard and soft copy.

Organisational Impact

This PetroKnowledge training course is of direct relevance to the Oil & Gas and Petrochemical sector and as a result the organisations will benefit greatly from their employees’ participation.

The organization will gain from:

More effective finance support for front-line departments
Greater relevance and reliability of financial and management information
More strategic thinking and focus on performance
More effective use of financial statements of the company, its co-venturers and its competitors
The ability of Finance Managers and staff to work with less supervision
Preparation of staff for increased responsibility

Personal Impact

This PetroKnowledge 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
Greater awareness of industry practices, problems and solutions
Increased understanding and assurance to complete tasks successfully
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: The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement

Latest Events in the Oil & Gas and Petrochemical sectors - price volatility and supply & demand changes
Managing the macro-economic factors, e.g. interest rates, exchange rates, oil prices
Resources & Reserves
Strategic Choices currently facing the Sector
Capital Investment Issues
Performance across the Sector

Day 2: Major Accounting Issues in the Oil & Gas Sector and Petrochemical

Revenue Recognition
Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
The Crack Spread –issues facing Refineries and Petrochemical companies
Break Even Oil, Cost Oil & Profit Oil
IFRS in relation to the Oil & Gas Sector and Petrochemical Sector
IFRS 6 Exploration & Evaluation of Mineral Assets

Day 3: Accounting for Assets

IAS 16: Property, Plant and Equipment
Depletion, Depreciation & Amortisation (“DD&A”)
IAS 36: Impairment of Assets
IAS 37: Provisions, Contingent Liabilities and Contingent Assets
IAS 38: Intangible Assets
IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement

Day 4: Measuring Financial Performance

Cross Sectional & Time Series Analysis
Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
Cashflow Analysis and its importance in the Oil & Gas sector
Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
Evaluation of Share Price and Investment Performance
Evaluating the Financial Performance of leading international companies in the sector

Day 5: Measuring Operational & National / Government Efficiency and Performance

Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and the impact for Refineries and Petrochemical companies.
Finding; Development & Production Capability & Efficiency
Evaluating the Operational Performance of Leading International Companies in the Sectors
Earned Value Added Analysis of Projects
Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
National / Government Measures of Efficiency & Performance

Certificate

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

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An Interactive 5-Day Training Course

Oil & Gas and Petrochemical Accounting & Performance Measurement

Measuring Financial Performance to Ensure Future Profitability, Liquidity and Growth