Name: The 10-Day Training Course on International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

31 Aug - 11 Sep 2026

London - UK

$11,900

02 - 13 Nov 2026

Dubai - UAE

$11,900

30 Aug - 10 Sep 2027

London - UK

$11,900

01 - 12 Nov 2027

Dubai - UAE

$11,900

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

This training course is split into two modules:

Module I - Treasury and Risk Management
Module II - International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Modules I, and II back-to-back as a 2-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 I: Treasury and Risk Management

Day 1: 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 2: 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 3: 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 4: 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 5: 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 II: International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)

Day 6: 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 7: 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 8: 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 9: 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 10: 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.

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An Interactive 10-Day Training Course

The 10-Day Training Course on International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry

Essential guide to IFRS and Risk Management