Finance & Accounting Workshop for Oil & Gas Industry Pros Event, 21.Apr.2025

Course Description

This intensive 5-day workshop provides a comprehensive understanding of finance and accounting practices specific to the oil and gas industry. Participants will gain practical skills in financial reporting, analysis, and decision-making tailored to the sector's unique challenges. The course covers industry accounting standards, risk management, and performance measurement techniques.

Learning Objectives

• Master oil and gas accounting methods and financial reporting standards
• Analyze and interpret industry-specific financial statements
• Understand risk management and hedging strategies in the oil and gas sector
• Develop skills in project economics and investment analysis
• Learn performance measurement and management techniques for oil and gas operations

Course Modules

Day 1: Oil & Gas Industry Overview and Accounting Fundamentals

• Industry structure and financial challenges
• Oil and gas accounting principles and methods
• Relevant International Financial Reporting Standards (IFRS)
• Transaction analysis and journal entries

Day 2: Financial Reporting and Analysis

• Oil and gas financial statements
• Reserve accounting and disclosure
• Revenue recognition and production costs
• Financial ratio analysis for oil and gas companies

Day 3: Asset Management and Valuation

• Exploration and evaluation assets
• Depreciation, depletion, and amortization (DD&A)
• Impairment testing and asset retirement obligations
• Valuation techniques for oil and gas assets

Day 4: Risk Management and Project Economics

• Financial risk management in oil and gas
• Hedging strategies and derivatives
• Project economics and investment analysis
• Joint ventures and production sharing agreements

Day 5: Performance Measurement and Management

• Key performance indicators for oil and gas operations
• Budgeting and forecasting in the industry
• Cost management and operational efficiency
• Management reporting and decision support

Practical Wins for Participants

• Ability to prepare and analyze oil and gas financial statements
• Skills to evaluate investment opportunities and manage project finances
• Techniques to assess and mitigate financial risks in the industry
• Strategies to improve financial performance and operational efficiency