An Intensive 10-day
The 10-Day Training Course on
International Financial Reporting &
Treasury Risk Management for the Oil & Gas Industry
Essential guide to IFRS and Risk Management
Scheduled Dates
Classroom
| 31 Aug-11 Sep 2026 | London - UK | $11,900 | RESERVE A SEAT |
| 02-13 Nov 2026 | Dubai - UAE | $11,900 | 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?
The 10-Day Training Course on International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry offers participants the expertise required to manage treasury functions effectively, improve cash flow, enhance investment returns, and address financial risks strategically. Delegates will also gain proficiency in International Financial Reporting Standards, including the latest IFRS S1 & S2 Sustainability Disclosures (2024) and IFRS 18 Presentation & Disclosures (effective January 2027).
In a rapidly changing Oil & Gas environment, effective Treasury and Risk Management, combined with accurate Financial Reporting, is essential for corporate resilience, compliance, and strategic decision-making.
The training course covers liquidity management, financial risk mitigation (credit, oil price, currency, and interest rate risks), and equips participants to make informed business and investment decisions. It also develops the ability to analyze, prepare, and critically evaluate financial reports tailored to the Oil & Gas sector.
This training course covers:
- Understanding the scope of Treasury & Risk Management
- Techniques to identify, measure, and control financial risks
- Approaches to optimize liquidity and investment returns
- Capital budgeting and financing strategies
- Derivatives and other tools for risk mitigation
- IFRS standards relevant to Oil & Gas, including IFRS S1, S2, and IFRS 18
- Analysis of financial reports to guide performance improvement
MODULES
This PetroKnowledge training course is split into two modules:
MODULE I - Treasury and Risk Management
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
Upon completion, participants will be able to:
- Enhance cash, liquidity, and working capital management
- Implement risk management strategies and hedging techniques
- Improve corporate governance
- Apply IFRS standards in financial reporting
- Evaluate financial statements for better strategic decision-making
Who is this Training Course for?
This 10-Day Training Course on International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course is designed for:
- Professionals in treasury, risk, and finance looking to enhance their skills
- Financial managers and decision-makers
- Professionals supporting financial decisions within their organization
How will this Training Course be Presented?
In order to ensure skill development as well as improved knowledge, this training course will be conducted along with workshop principles using real life case studies and interactive worked examples from the Oil & Gas industry. Participants will be actively engaged, individually and as part of a group, in their discussion, analysis and evaluation throughout this training course.
Participants will also be given a detailed set of handouts in hard and soft copy to enable them to review the topics covered at a later date.
Organisational Impact
Delegates will drive:
- Improved financial and strategic decision-making
- Effective management of liquidity, credit, capital, currency, and commodity risks
- Enhanced profitability and stakeholder relations
- More relevant and reliable financial information
Personal Impact
Attendees will:
- Develop industry-specific financial and analytical skills
- Build confidence in strategic decision-making
- Improve cross-department collaboration
- Gain satisfaction from supporting management with reliable financial insights
Daily Agenda
Module 1: Treasury and Risk Management
Day One: The Role of Treasury Management – An Overview
- The Role & Scope of Treasury Management
- Operation & Location of a Treasury Department – Cost or Profit Centre; Centralised or Decentralised
- Cash & Liquidity Management
- Working Capital Management
- Capital/Finance Management
- Risk Management
Day Two: Cash & Liquidity Management – A Detailed Analysis
- Cash Forecasts: Role & Preparation
- Investment of Cash Surpluses to Maximize Return
- Meeting Cash Calls and Short-Term Cash Shortages/Short Term Finance
- Working Capital Management – Determining the Optimum Level
- Multi-national & Group Cash Management
- Cash Budgets: Process & Control
Day Three: Financing and Capital Management
- Strategic Objectives: Consolidation, Growth, M & A; Joint Ventures, Diversification etc
- Financing Strategic Objectives/Long Term Finance (Public & Private Equity v Buyer & Supplier Debt)
- Optimizing the Capital Structure to Minimize the Cost of Capital (WACC)
- The Capital Asset Pricing Model (CAPM)
- Capital Investment Appraisal – NPV; IRR, Payback
- Capital Rationing: Internal & External
Day Four: Risk Management
- Identifying Risks and Uncertainties – Internal & External; Financial & Non-Financial
- Measuring Risk – Volatility; Variance; Standard Deviation; Probability; Value at Risk
- Determining the Risk Management Strategy – assessing impact and probability
- The 4 T’s – Tolerate; Terminate; Transfer; Treat
- Internal Controls & Internal Auditing
- Credit & Counterparty Risk Management
Day Five: Currency; Interest Rate & Commodity (Oil Price) Risk Management
- Forward Contracts and Forward Rate Agreements
- Options – Calls & Puts; European & American
- Futures – Market Correlation; Margin Payments etc.
- Swaps – Currency & Interest Rate Risk and Benefits
- Foreign Currency Accounts other Internal Methods/Tactics
- Foreign Currency Borrowing
Module 2: International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)
Day Six: Major Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream) and the Role of IFRS
- The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream) including IFRS S1 & S2 Sustainability Disclosure Standards and IFRS 18 Presentation & Disclosures in Financial Statements issued in 2024 and takes effect 1 January 2027
- The Impact of Commodity Prices, Currency & Interest Rate Fluctuations and Political and Environmental Developments
- The Impact on Strategic Development and Growth within the Industry
- Establishing the Case for IFRS
- An Overview of IFRS in relation to the Oil & Gas Industry
- The Annual Reports & Financial Statements of Leading International Petroleum Companies
Day Seven: Accounting for Assets in the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)
- IAS 16: Property, Plant and Equipment and Depletion, Depreciation & Amortisation (“DD&A”)
- IAS 36: Impairment of Assets
- IFRS 6: Exploration for and Evaluation of Mineral Assets and the Accounting Approaches
- IFRS 13: Fair Value Measurement
- IAS 2 Inventories
- Reserve Reporting
Day Eight: Accounting for Business Combinations, Joint Ventures & Production Sharing Agreements (“PSA”s)
- IFRS 3: Business Combinations
- IFRS 10: Consolidated Financial Statements
- IAS 38: Intangible Assets
- IFRS 12: Disclosure of Interests on Other Entities
- IFRS 11: Joint Arrangements
- Break Even Oil, Cost Oil & Profit Oil
Day Nine: Accounting for Cash Flow & Financial Instruments in the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream)
- IAS 7 Statement of Cash Flows
- The Use of Derivatives in the Oil & Gas & Petrochemical Sector to Manage the Commodity, Currency and Interest-rate Risks, etc.
- Treasury Management Issues for Multi-nationals
- IFRS 7 Financial Instruments: Disclosures
- IFRS 9 Financial Instruments
- Evaluating the Cash Flow & Use of Financial Instruments by Leading International Oil & Gas and Petrochemical Companies
Day Ten: Creative Accounting and Corporate Governance
- Creative Accounting
- Enron and Investor Protection
- Corporate Governance
- The Role of the Board & Audit Committee
- External Auditing - reporting to investors
- Internal Auditing - Defining and Developing the Internal Audit Process
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
