Course Information
- Course Price
£4895 Plus VAT
- Location UK Courses
- Course Code PFAP
- Course Date 3 Nov - 7 Nov 2025
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