Financial Management of an International Oil & Gas Company
MFP-EN-P
Who should attend?
This course provides a deeper knowledge on accounting in the oil industry and to introduce the tools of financial analysis and management.
Public :
Upstream professionals who would like to understand the bases of financial analysis in the upstream Oil & Gas activities.
Level :Skilled
Prerequisite :
Basic knowledge of corporate finance, technical and economic environment of E&P.
Course Content
FINANCIAL MANAGEMENT OBJECTIVES
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Duration : 1 Day
Shareholder expectations.
The different aspects of financial management.
Reporting requirements.
GENERAL ACCOUNTING, THE FOUNDATION OF FINANCIAL MANAGEMENT
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Duration : 1.5 Days
Accounting principles and standards.
Financial statements and consolidated accounts.
SPECIFICS OF UPSTREAM OIL ACCOUNTING
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Duration : 0.5 Day
Mining rights, exploration, depreciation (UOP).
Impairment of assets, provision for decommissioning and site restoration.
ANALYSIS OF ORGANISATIONAL PERFORMANCE: FINANCIAL ANALYSIS
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Duration : 1.5 Days
Financial analysis plan.
Analysis of margins, investments, Working Capital, financial structure and profitability.
DAY-TO-DAY FINANCIAL MANAGEMENT: COST ACCOUNTING
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Duration : 0.5 Day
Objectives and methods. Cost allocation.
Management charts and variance analysis.
Learning Objectives
Attendees will be able to implement the following skills:
Appreciate the specificities of the international petroleum accounting standards,
Define fundamentals of cost analysis and control,
Analyze the financial situation of a company.
Ways & Means
Case studies and exercises.
Learning assessment
Participants will be evaluated during the training through quizzes and case studies.
More
Coordinator :IFP Training instructors, with expertise in the field and trained in modern teaching methods adapted to the specific needs of learners from the professional world.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding. Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com
IFPT Account
