An Interactive 5-Day Online Training Course

Oil & Gas and Petrochemical Accounting & Performance Measurement

Measuring Financial Performance to Ensure Future Profitability, Liquidity and Growth

Course Introduction

In this Oxford Management Centre online training course, you will learn to:

  • The major risks of the Oil & Gas and Petrochemical sectors and the Tools to manage those Risks
  • The latest International Tools and Techniques to develop Skills of Evaluation and Performance Measurement
  • 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

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of any location of your choice

Who Should Attend?

All individuals who work in the Oil & Gas sector particularly those in an accounting and performance measurement role.

In particular, will be suitable for:

  • Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
  • Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
  • Joint Venture Accountants and Auditors
  • Financial and Investment Analyst

Course Outline

  • The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)
  • 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 
  • An Overview of IFRS in relation to the Oil & Gas Industry, e.g.
    • IAS 16: Property, Plant and Equipment
    • Depletion, Depreciation & Amortisation (“DD&A”)
    • IAS 36: Impairment of Assets
    • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow Analysis and Its Importance in the Oil & Gas sector
  • Evaluating the Financial Performance of Leading International Companies in the Sector 
  • Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries


Oxford Management Centre e-Certificate will be provided to delegates who successfully completed the training course.

In association with

GLOMACS Training & Consultancy

GLOMACS Training & Consultancy

Visit website



Visit website

Course image
5 Days
Choose the date that suits you:
04-08 Dec 2023
Fee: $3,950
Book your place

Oxford Management Centre
Typically replies within an hour

Hi there 👋
My name is Willow. Please tell me how I can assist you..