To allow the participants to go through the full budgetary process from information gathering to budget presentation.
Public :
Upstream professionals who need to fully master the E&P budgeting process.
Level :Skilled
Prerequisite :
Basic knowledge of the financial and accounting environment of E&P.
Course Content
PURPOSE & REQUIRED FINANCIAL STATEMENTS
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Duration : 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
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Duration : 1 Day
Type of required information.
Related company departments.
Data collection methodology.
Data collection.
FINANCIAL STATEMENTS DRAFTING & BUDGET
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Duration : 2 Days
Financial statements drafting.
Main data consolidation.
Budget presentation report preparation.
BUDGET MONITORING & CONTROL
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Duration : 1 Day
Monitoring indicators preparation.
Whistleblower signals.
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.
Ways & Means
Budget preparation, set up and presentation through workshop practice with a subject-matter expert.
Learning assessment
Participants will be evaluated during the training through quizzes and case studies.
More
Coordinator :IFP Training trainers having expertise and industrial experience in upstream project accounting and finance.
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
