An Intensive 5-day Training Course
Certificate in Financial Management for
Oil and Gas Companies & Petrochemical Industries
Appraisal of Long-term Investment in Oil & Gas
Objectives
This Certification training course will give participants the required level of financial awareness and practical application, by enabling them to:
- Analyze the profit and loss account (income statement), balance sheet, and cash flow statement, and use ratios to interpret financial statements the Oil & Gas sector and petrochemical industry
- Appreciate the significant importance of cash flow (rather than profit) and Discounted Cash Flow (DCF) in Oil & Gas companies and petrochemical industries
- Develop costing systems such as Activity-Based Costing (ABC) for optimal decision-making to maximize shareholder wealth
- Appreciate the role of managers in the budget process and the use of Activity Based Budgeting (ABB)
- Determine the cost of capital to evaluate alternative sources of financing and optimal financial structure (gearing)
- Effectively manage cash and working capital to reduce costs and improve cash flow in Oil & Gas companies and petrochemical industry
Training Methodology
This 5-day intensive certification training course uses a mix of interactive techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes evaluation of case studies of Oil & Gas case sector and petrochemical industry using the latest techniques, brief presentations by the consultant, group exercises and discussion followed by participants' presentations of the results.
At the end of each day, participants have an opportunity for a one-to-one session with the training course instructor to develop their understanding further and will be provided with training course notes and examples in both hard and soft copy.
Organisational Impact
This certification training course is of direct relevance to the Oil & Gas sector & petrochemical industry and as a result, the organizations will benefit greatly from their employees’ participation.
The organization will gain from:
- More Effective Finance Support for Front-Line Departments
- Greater relevance and reliability of Financial and Management Information
- More Strategic Thinking and focus on Performance
- More effective use of Financial Statements of the Company, its Co-Ventures and its Competitors
- The ability of Finance Managers and Staff to Work with less supervision
- Preparation of Staff for Increased Responsibility
Personal Impact
This training course will be of personal benefit to delegates by providing them with:
- Better Understanding of the Context and Importance of the Work you do
- Greater Awareness of Industry Practices, Problems and Solutions
- Increased Understanding and Assurance to Complete Tasks Successfully
- Increased Self-Confidence and Motivation at Work
- Greater Job Satisfaction in providing Quality Support to Management
- Greater Ability to Supervise, Develop and Motivate Colleagues
Who Should Attend?
- 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 Outline
Day One
Overview of Accounting & Financial Essential in Oil & Gas Sector and Petrochemical Industry
- Latest Events in the Oil & Gas Sector - price volatility and supply & demand changes
- The Nature of the Petrochemical Industries
- Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
- Resources & Reserves
Major Accounting Issues in the Oil & Gas Sector and Petrochemical Industry
- Revenue Recognition
- Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
- Break Even Oil, Cost Oil & Profit Oil
- Accounting Approaches - The "Successful Efforts" (SE) Method or the "Full Cost" (FC) Method
- IFRS in Relation to the Oil & Gas Sector and Petrochemical Industry
Day Two
Financial Management in the Oil & Gas Sector and Petrochemical Industry
- Oil and Gas Company Financial
- Financial Statement Analysis in the Oil & Gas Sector and Petrochemical Industry
- Profit and Loss Account (income statement)
- Balance Sheet
- Cashflow Statement and Its Importance
- Measurement of Operating Performance
- Measures of Financial Performance and Financial Position
- Risk Measurement
- Limitations of Ratio Analysis
- Annual Reports Analysis
Day Three
Financial Structure Costing and Decision-Making
- Financial Structure
- Cost of Debt
- Cost of Equity
- Weighted Average Cost of Capital (WACC)
- Optimal Capital Structure
- Costing
- Fixed Costs, Variable Costs, and Overheads
- Overhead Allocation, Absorption and the Use of Activity Based Costing (ABC)
- Expenses vs. Inventory (stock valuation)
- Contribution Compared with Profit
- Decision-Making
- Make vs. Buy Decisions
- Shut-down or Contribution Decisions
- Product Mix Decisions and Limiting Factors
- Decisions Trees
Day Four
Capital Budgeting & Financial Ratio Analysis
- Capital Budgeting
- Capital Rationing
- Ranking Investment Projects
- Inflation and Investment
- Using Expected Values and Standard Deviations to Make Decisions
- Purposes of Budgeting
- The Budget Process
- Activity based Budgeting
- Uncertainty and Risk – worst and best outcomes
- Maximin and Minimax Regret Rules
- Financial Ratio Analysis
- Types of Ratios
- 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
Day Five
Valuation of Oil & Gas Company and Petrochemical Industry
- Types of Valuation Methods
- Payback
- Net Present Value
- Internal Rate of Return
- Discounted Payback
Working Capital Management and Cash Improvement
- Working Capital and Working Capital Requirement
- Managing Working Capital
- Cash Improvement Techniques
- Cash Management and the Banking Facilities
- Mergers and Acquisitions Practices Today
Certificate
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
