Project info

  • Date: 21st - 25th October 2024
  • Venue: Dubai UAE

Why Attend

Understanding finance and accounting is often the key to Directors, managerial progression, but the special problems in financial reporting and accounting for the Oil and Gas industry can make the whole topic seem daunting. The industry typically requires extremely high levels of speculative investment with absolutely no guarantee of a successful return. It is characterized by lengthy time periods between the initial investment and any returns and it attracts many regulatory accounting rules and Reporting standards.

The 4-day instructor led workshop and 1-day study-tour provides knowledge & skills to the participants to successfully control costs, prepare, manage and control budgets effectively in the oil & Gas industry.  It further provides solutions to the strategic issues facing the oil & gas industry and recommend sustainable growth strategies. It further provides understanding in financial accounting for the oil & gas industry.

Course Objectives

  • Defend the importance of linking an organization’s budget with its strategic plan in the oil and gas industry.
  • Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow
  • Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
  • Apply cost control tools, analyze management variance reports and take proper corrective action in the oil and gas industry.
  • Analyze company performance highlighting impact of current operations on future financial results in the oil and gas industry.
  • Evaluate and present company budgets and assist management in selecting proper plans and strategies

Who Should Attend

The program is design for Directors, financial Committee members, Treasurers, Financial managers, accountants, financial assistants, budget accountants and budget committee members in the oil and gas industry.