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Oil & Gas and Petrochemical Accounting & Performance Measurement

Dates Venues Register
28/03/2027 - 01/04/2027 DOHA

Introduction

Oil & Gas and Petrochemical Accounting & Performance Measurement

 

 

Objectives

In this Oxford Management Centre training course, you will learn to:

  • The major risks of the Oil & Gas and Petrochemical sectors and the Tools to manage those Risks
  • The latest International Tools and Techniques to develop Skills of Evaluation and Performance Measurement
  • 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
 
 

Who Should Attend?

All individuals who work in the Oil & Gas sector particularly those in an accounting and performance measurement role.

In particular, will be suitable for:

  • Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
  • Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
  • Joint Venture Accountants and Auditors
  • Financial and Investment Analyst
 
 

Course Outline

  • The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)
  • 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 
  • An Overview of IFRS in relation to the Oil & Gas Industry, e.g.
    • IAS 16: Property, Plant and Equipment
    • Depletion, Depreciation & Amortisation (“DD&A”)
    • IAS 36: Impairment of Assets
    • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow Analysis and Its Importance in the Oil & Gas sector
  • Evaluating the Financial Performance of Leading International Companies in the Sector 
  • Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries

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