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

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

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

Scheduled Dates

Classroom

26 Aug - 06 Sep 2024 London - UK $11,900 RESERVE A SEAT
28 Oct - 08 Nov 2024 Dubai - UAE $11,900 RESERVE A SEAT

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Why Choose this Training Course?

This PetroKnowledge Finance and Treasury Management training course will provide delegates with the essential knowledge and skills to manage the Treasury effectively thereby improving liquidity, investment returns and international cashflow as well as risk management. This highly-interactive training course will also develop an improved understanding of International Financial Reporting enabling reports to be written in accordance with IFRS and evaluated to improve decision making. 

The Treasury & Risk Management function and Financial Reporting are essential to the success and sustainability of all leading corporate organisations. Never has this been more true, given the ever increasing pace of change in regulation, compliance, technology and financial risk within the Oil & Gas industry.

Treasury Management ensures sufficient liquidity to meet its obligations, whilst managing payments, receipts and financial risks such as Credit Risk, Oil Price, Exchange Rate and Interest Rate Risk effectively. In addition, effective Treasury & Risk management will enable companies to make informed and better strategic decisions, providing the analysis, finance and risk assessment.

Financial Reporting develops an essential understanding of Oil & Gas accounting, reporting and performance measurement issues and practices. It develops your ability to prepare, use and critically evaluate information, applying specialist industry knowledge and relevant analytical skills.

This training course will highlight:

  • The Role of Scope of Treasury & Risk Management
  • The latest international tools and techniques to enable you to identify; measure and manage risk effectively
  • Methods to ensure, liquidity, improved investment returns and smooth cash operations
  • Capital Investment Techniques and Methods of Finance to support Strategic Objectives
  • The features and Benefits of Derivatives as Risk Management tools
  • The main requirements of International Financial Reporting Standards (IFRS) relevant to the Oil & Gas industry
  • The Analysis & Evaluation of Financial Reports to improve decision making and performance.

MODULES

This PetroKnowledge 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 Module 1 and 2 back-to-back as a two-week training course.

What are the Goals?

By the end of this training course, participants will learn to:

  • Manage Cash; Liquidity & Working Capital to reduce finance costs and improve returns
  • Make informed Strategic Decisions
  • Determine and Implement the company’s Risk Management Strategy
  • Recommend Hedging and Risk Management Decisions
  • Improve the Corporate Governance of the organization
  • Apply International Financial Reporting Standards most relevant to the Oil & Gas industry
  • Analyse and evaluate financial reports to better meet the needs of users
  • Review and use publicly available information to benchmark the business performance of your company in the Oil & Gas industry

Who is this Training Course for?

Given the importance of the Treasury & Risk Management and and Financial Reporting & Analysis, this PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • Professionals who wish to up-date and improve their knowledge and skills of Treasury, Risk management and Finance
  • Financial decision makers, whose techniques of decision making and analysis will be improved through attendance
  • Managers and those with financial responsibilities
  • Professionals acting upon the financial decisions of others, who will gain an appreciation for decision making thereby ensuring shared values within the organisation
  • Professionals with an interest in finance and the latest market developments

How will this Training Course be Presented?

In order to ensure skill development as well as improved knowledge, the training course will be conducted along 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 the 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.

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)
  • 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.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

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.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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