Course Detail

Petroleum Finance and Accounting Principles Dubai Duration: 1 Week/s

Course Information

  • Course Price $5550
  • Location Dubai Courses
  • Course Code PFAPD
  • Course Date 5 Dec - 9 Dec 2022

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


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