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5-Day Training Course

Financial Accounting, Reporting &
Business Support in the Oil and Gas Industry

Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry

Course Overview

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives.

In addition, we will explore project management techniques in this exciting training course designed to develop and enhance your skills and knowledge of this unique industry.

This Energy Training Centre training course will feature:

  • An Analysis of the Major Strategic Issues affecting the Oil & Gas Industry
  • Key Financial Accounting Methods and Techniques including the latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • An Analysis of Joint Venture and Product Sharing Agreements
  • The latest Risk Management Techniques
  • The latest Project Management Techniques

Course Objectives

By the end of this Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course, participants will be able to:

  • Evaluate the long term strategic issues facing the Oil and Gas industry
  • Analyse the financial, economic and commercial drivers
  • Evaluate performance using key financial accounting methods and techniques
  • Deliver more timely and useful information to decision makers
  • Improve project controls, measurement & performance reporting & overall corporate governance

Training Methodology

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Who Should Attend

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course is suitable for a wide range of professionals but will greatly benefit:

  • Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting
  • Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques
  • Financial Planners and Cost Analysts
  • Line / Unit Heads with direct planning and budgeting responsibility
  • Account Personnel and Business Consultants

Course Curriculum

  • Nature & Features of the Oil & Gas Sector
  • The Latest Issues Facing the Oil and Gas Industry
  • The Principles of Oil and Gas Financial Accounting and Reporting
  • International Financial Reporting Standards (IFRS) for Oil and Gas Companies latest IFRS relating to Sustainability and Presentation to be enacted January 2027 (replaced the topic Definition of Reserves and Resources)
  • The Roles & Responsibilities of the Finance Professional
  • Accounting for Revenue
  • Accounting for Costs (Acquisition, Exploration, Development & Production) and IFRS 6
  • Accounting for Assets: IAS 2, IAS16
  • Accounting for Impairment of Assets: IAS36
  • Accounting for Resources & Reserves & IFRS 6
  • Financial Statements of leading Oil & Gas Companies
  • Ratio Analysis and the Evaluation of Financial Performance
  • Evaluation the Assets & Reserves of Oil & Gas Companies
  • Comparative Analysis & Benchmarking
  • Evaluating the Strategic Outlook of leading Oil & Gas Companies
  • Efficient Planning, Stability and Growth
  • Financing Growth
  • Evaluating Capital Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
  • Earned Value Management for Oil and Gas
  • Joint Ventures and Product Sharing Agreements
  • Understand the Market and Identifying the Risks related to Oil & Gas Sector
  • Risk Assessment: Probability & Impact
  • Risk Management Techniques
  • Compliance & Legal Requirements
  • The Board & Audit Committee - Roles & responsibilities

Certificates Awarded

Certificate of Completion

After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.

Upcoming Sessions
Kigali, Rwanda
Live Virtual Session
London, UK
Dubai, UAE
Kuala Lumpur, Malaysia
Dubai, UAE
Dubai, UAE
Live Virtual Session
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Frequently Asked Questions

Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at [email protected]. Our team will guide you through the registration process and provide assistance you may need.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggest a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

About Energy Training Centre

Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.

Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.

50K+
Professionals Trained
15+
Years of Experience
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