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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Oil & Gas and Petrochemical Accounting & Performance Measurement
Introduction :
This Oil & Gas and Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate Oil & Gas and Petrochemical Accounting and Performance Measures. It focuses on the risks currently facing the sector including oil price volatility and changing patterns of demand.It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of Oil & Gas accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve the financial performance of their organization.
Course Objectives :
At the end of this course, the participants will be able to :
Evaluate the Major Issues facing the Oil & Gas and Petrochemical sector
Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS)
Evaluate the Financial and Operational Performance of international Oil & Gas and Petrochemical companies
Evaluate the importance and contribution of Oil & Gas and Petrochemicals to the National Governments and the Fiscal Budget
Recommend Strategic Plans to Improve Performance
Targeted Audience :
Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
Joint Venture Accountants and Auditors
External, Financial and Internal Auditors
Government Regulators and Auditors
Financial and Investment Analysts
Course Outlines :
Module 1 : The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement:
Latest Events in the Oil & Gas and Petrochemical Sectors – price volatility and supply & demand changes
Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
Resources & Reserves
Strategic Choices currently facing the Sector
Capital Investment Issues
Performance across the Sector
Module 2: Major Accounting Issues in the Oil & Gas Sector and Petrochemical:
Revenue Recognition
Costs in Acquisition, Exploration, Development, and Production of New Oil or Natural Gas Reserves
The Crack Spread – issues facing Refineries and Petrochemical companies
Break-Even Oil, Cost Oil & Profit Oil
IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
IFRS 6 Exploration & Evaluation of Mineral Assets
Module 3: Accounting for Assets:
IAS 16: Property, Plant and Equipment
Depletion, Depreciation & Amortisation (“DD&A”)
IAS 36: Impairment of Assets
IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
IAS 38: Intangible Assets
IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
Module 4: Measuring Financial Performance:
Cross-Sectional & Time Series Analysis
Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
Cashflow Analysis and Its Importance in the Oil & Gas sector
Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
Evaluation of Share Price and Investment Performance
Evaluating the Financial Performance of Leading International Companies in the Sector
Module 5: Measuring Operational & National / Government Efficiency and Performance:
Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies
Finding; Development & Production Capability & Efficiency
Evaluating the Operational Performance of Leading International Companies in the Sectors
Earned Value Added Analysis of Projects
Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
National / Government Measures of Efficiency & Performance
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
