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Upstream Budget Practice

Upstream Budget Practice

5 days
GIP/UBP
Sessions
This course is not scheduled.
Who should attend?

Audience

    • Upstream professionals who need to fully master the E&P budgeting process.

Level

  • Proficiency
  • To allow the participants to go through the full budgetary process from information gathering to budget presentation.
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to list the required information for the budgeting process,
  • to draft the required financial statements,
  • to set up monitoring and performance parameters.
Course Content

PURPOSE & REQUIRED FINANCIAL STATEMENTS

1 day

  • Purpose of the budgetary process.
  • Main characteristics of the financial statements required for budget preparation.
  • Projected balance-sheet.
  • Projected income-statement.
  • Projected uses and sources of funds.

LISTING PROCESS FOR REQUIRED INFORMATION COLLECTION

1 day

  • Type of required information.
  • Related company departments.
  • Data collection methodology.
  • Data collection.

FINANCIAL STATEMENTS DRAFTING & BUDGET

2 days

  • Financial statements drafting.
  • Main data consolidation.
  • Budget presentation report preparation.

BUDGET MONITORING & CONTROL

1 day

  • Monitoring indicators preparation.
  • Whistleblower signals.
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Ways & Means
  • Budget preparation, set up and presentation through workshop practice with a subject-matter expert.