Financial Management for Oil and Gas Companies & Petrochemical Industries

When the training course addresses a number of economic, legal, accounting, taxation, auditing, budgeting, controlling, planning, information system, managerial, and strategic planning issues in a context, it is our Financial Management course.

This Certification training course in Financial Management for Oil and Gas Companies & Petrochemical industries provides a piece of deeper knowledge on accounting in the oil industry and introduces the tools of financial analysis and management. Participants in this certification training course will be provided with knowledge that can be shared amongst their own colleagues, and with other departments.

This Certification training course in Financial Management for Oil and Gas Companies & Petrochemical Industries will introduce the practical realities of today’s world, and the understanding of the various financial techniques available that will enable delegates to communicate better with financial professionals, within and external to their organization, and to become more effective managers.

Specifically, you will learn to:

• Appreciate the specificities of the international petroleum accounting standards
• Define fundamentals of cost analysis and control
• Analyze and review the financial report of a company
• Review alternative methods of accounting for exploration and production companies
• Use the methodology and techniques of audit

Course Objectives of Financial Management for Oil and Gas Companies & Petrochemical Industries:

This training course will give participants the required level of financial awareness and practical application, by enabling them to:

• Analyze the profit and loss account (income statement), balance sheet, and cash flow statement, and use ratios to interpret financial statements the Oil & Gas sector and petrochemical industry
• Appreciate the significant importance of cash flow (rather than profit) and Discounted Cash Flow (DCF) in Oil & Gas companies and petrochemical industries
• Develop costing systems such as Activity-Based Costing (ABC) for optimal decision-making to maximize shareholder wealth
• Appreciate the role of managers in the budget process and the use of Activity Based Budgeting (ABB)
• Determine the cost of capital to evaluate alternative sources of financing and optimal financial structure (gearing)
• Effectively manage cash and working capital to reduce costs and improve cash flow in Oil & Gas companies and the petrochemical industry