Mastering Finance for Non-Financial Oil and Gas Personnel
Details
This four-day Mastering Finance for non-financial oil and gas personnel training course is designed to help those personnel without knowledge of finance to understand the basic financial principles, theory and practice of financial reporting and analysis as they apply to the oil and gas industry.
Using a combination of instruction, group discussions, practical examples and exercises, this course is designed to ensure that delegates absorb both the theory and the practical application of the topics.
On attending this Mastering Finance for non-financial oil and gas personnel training course you will learn:
- how to interpret, understand and act on financial information
- how to develop more effective decision-making skills
- elements of financial management specific to the oil and gas industry
Outline
Sources and uses of financial information
- sources of financial data
- financial information systems
- uses of financial information for decision-making
Understanding financial information
- understanding basic principles
- the profit and loss account
- the balance sheet
- the importance of working capital and how to control it
- the difference between capital expenditure and operating expenditure
Cash flow
- understanding the difference between cash flow and profit
- how to control cash flow
- techniques for measuring financial performance
- how to measure financial performance
- how to compare the performance of different petroleum companies
Oil & Gas industry accounting policies
- how to account for exploration and appraisal costs
- understand the nature and classification of reserves and the use of reserve data in E&P accounting
- DD&A - the basic concepts and examples of the Unit of Production calculation
- understand asset impairment tests
- how to account for decommissioning
- a review of a sample set of E&P company published accounts
Effects of taxation
- how tax effects profit and cash flow
- the impact of tax on decisions
Budget preparation and control
- the role of financial planning
- how to prepare a budget
- how to control a budget
FOR WHOM:
Managers and supervisors wanting to improve their understanding of financial reports and make more effective use of financial information for strategic and operational decision-making
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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