Training for the Future


Petroleum Finance and Accounting Principles Dubai

Course Code: PFAPD

Dates: 4 Dec - 8 Dec | 19 Mar - 23 Mar | 23 Jul - 27 Jul | 1 Oct - 5 Oct | 3 Dec - 7 Dec

Price: £2950

Duration: 1 Week /s

Course Objectives:

In the rapidly changing global oil and gas economy, it is critical to the success of any producing company to make the most efficient use of its resources. Finance and accounting comprise the universal business language. Planning and decision making that occur in an informal financial context permit better application of resources and promote competitive advantage


Who Should Attend?

Planners, accounting personnel in the oil and gas industry


Prerequisite Courses

None


Course Overview

Constructing the basic financial statements
The financial reports for basic statements
International Generally Accepted Accounting Principles
Accounting Standards, Understanding footnotes and disclosures
Special Issues in Oil and Gas Accounting the latest accounting issues
Comparison of different accounting elements Full Cost, Successful Efforts and
Revenue Recognition method of accounting
Basic petroleum costs
Accrual and Cash Accounting
Accounting for Intangible Drilling costs
Profits Vs Cash Flows
Capital Vs Operating Tangible Asset Leases
Budgeting and Forecasting operating Vs capital budgeting methods


Learning Goal

Participants should gain knowledge of:

The need, function, and benefit of strategic control
Planning strategy and tactical implementation
Strategy & tactics for a world class organisation
Leadership in performance of people and processes


Course Materials

Course notes
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