An Interactive 10-Day Training Course

The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry

Essential Guide to IFRS and Risk Management

NASBA

Course Introduction

This 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course is designed to equip participants with the critical knowledge and practical skills to manage treasury operations efficiently, optimize liquidity, enhance investment returns, and navigate international cash flows while mitigating risk. The interactive training course also strengthens understanding of International Financial Reporting, including IFRS S1 & S2 Sustainability Disclosure Requirements (2024) and IFRS 18 Presentation & Disclosures in Financial Statements (effective 2027).

In today’s fast-evolving Oil & Gas sector, Treasury and Risk Management, alongside accurate Financial Reporting, are central to sustaining corporate performance amid regulatory, technological, and financial challenges.

Participants will learn to manage liquidity, payments, receipts, and financial risks such as credit, oil price, exchange rate, and interest rate fluctuations. Effective treasury practices support better strategic decisions by providing precise financial analysis and risk assessment. Meanwhile, financial reporting develops the capability to prepare, evaluate, and interpret Oil & Gas accounts and performance metrics using industry-specific expertise.

Key Highlights of the 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course

  • Scope and role of Treasury & Risk Management
  • International tools to identify, measure, and manage financial risk
  • Strategies to maintain liquidity, maximize returns, and ensure smooth cash operations
  • Capital investment techniques and financing options for strategic goals
  • Benefits of derivatives as risk management instruments
  • Core International Financial Reporting Standards relevant to Oil & Gas
  • Techniques to analyze and interpret financial reports for informed decision-making

Objectives

After attending, participants will be able to:

  • Optimize cash, liquidity, and working capital
  • Make informed strategic and risk management decisions
  • Recommend hedging and risk mitigation strategies
  • Apply IFRS standards to Oil & Gas reporting
  • Benchmark performance using financial analysis and publicly available data

Training Methodology

In order to ensure skill development as well as improved knowledge, this training course will be conducted along with workshop principles using real life case studies and interactive worked examples from the Oil & Gas industry. Participants will be actively engaged, individually and as part of a group, in their discussion, analysis and evaluation throughout this training course.

Participants will also be given a detailed set of handouts in hard and soft copy to enable them to review the topics covered at a later date.

Organisational Impact

Participants will contribute to:

  • Enhanced decision-making and strategic focus
  • Improved liquidity, credit, and risk management
  • Higher profitability and effective corporate governance
  • More accurate and relevant financial reporting

Personal Impact

Attendees will:

  • Strengthen professional skills and industry awareness
  • Gain confidence in financial decision-making and analysis
  • Improve collaboration across departments
  • Increase job satisfaction and ability to mentor colleagues

Who Should Attend?

This 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course is ideal for:

  • Treasury, risk, and finance professionals seeking up-to-date skills
  • Managers and decision-makers handling financial responsibilities
  • Professionals advising on or interpreting financial decisions

Course Outline

Module I: Treasury and Risk Management

Day 1

The Role of Treasury Management – An Overview

  • The Role & Scope of Treasury Management
  • Operation & Location of a Treasury Department – Cost or Profit Centre; Centralised or Decentralised
  • Cash & Liquidity Management
  • Working Capital Management
  • Capital / Finance Management
  • Risk Management
Day 2

Cash & Liquidity Management – A Detailed Analysis

  • Cash Forecasts: Role & Preparation
  • Investment of Cash Surpluses to Maximize Return
  • Meeting Cash Calls and Short-Term Cash Shortages / Short Term Finance
  • Working Capital Management – Determining the Optimum Level
  • Multi-national & Group Cash Management
  • Cash Budgets: Process & Control
Day 3

Financing and Capital Management

  • Strategic Objectives: Consolidation, Growth, M & A; Joint Ventures, Diversification, etc.
  • Financing Strategic Objectives / Long Term Finance (Public & Private Equity vs. Buyer & Supplier Debt)
  • Optimizing the Capital Structure to Minimize the Cost of Capital (WACC)
  • The Capital Asset Pricing Model (CAPM)
  • Capital Investment Appraisal – NPV; IRR, Payback
  • Capital Rationing: Internal & External
Day 4

Risk Management

  • Identifying Risks and Uncertainties – Internal & External; Financial & Non-Financial
  • Measuring Risk – Volatility; Variance; Standard Deviation; Probability; Value at Risk
  • Determining the Risk Management Strategy – Assessing Impact and Probability
  • The 4 T’s – Tolerate; Terminate; Transfer; Treat
  • Internal Controls & Internal Auditing
  • Credit & Counterparty Risk Management
Day 5

Currency, Interest Rate & Commodity (Oil Price) Risk Management

  • Forward Contracts and Forward Rate Agreements
  • Options – Calls & Puts; European & American
  • Futures – Market Correlation; Margin Payments, etc.
  • Swaps – Currency & Interest Rate Risk and Benefits
  • Foreign Currency Accounts other Internal Methods / Tactics
  • Foreign Currency Borrowing

Module II: International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)

Day 6

Major Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream) and the Role of IFRS

  • The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream) including IFRS S1 & S2 Sustainability Disclosure Standards and IFRS 18 Presentation & Disclosures in Financial Statements issued in 2024 and takes effect 1 January 2027
  • The Impact of Commodity Prices, Currency & Interest Rate Fluctuations and Political and Environmental Developments
  • The Impact on Strategic Development and Growth within the Industry
  •  Establishing the Case for IFRS
  • An Overview of IFRS in relation to the Oil & Gas Industry
  • The Annual Reports & Financial Statements of Leading International Petroleum Companies
Day 7

Accounting for Assets in the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)

  • IAS 16: Property, Plant and Equipment and Depletion, Depreciation & Amortisation (“DD&A”)
  • IAS 36: Impairment of Assets
  • IFRS 6: Exploration for and Evaluation of Mineral Assets and the Accounting Approaches
  • IFRS 13: Fair Value Measurement
  • IAS 2 Inventories
  •  Reserve Reporting
Day 8

Accounting for Business Combinations, Joint Ventures & Production Sharing Agreements (“PSA”s)

  • IFRS 3: Business Combinations
  • IFRS 10: Consolidated Financial Statements
  • IAS 38: Intangible Assets
  • IFRS 12: Disclosure of Interests on Other Entities
  • IFRS 11: Joint Arrangements
  • Break Even Oil, Cost Oil & Profit Oil
Day 9

Accounting for Cash Flow & Financial Instruments in the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream)

  • IAS 7 Statement of Cash Flows
  • The Use of Derivatives in the Oil & Gas & Petrochemical Sector to Manage the Commodity, Currency and Interest-rate Risks, etc.
  • Treasury Management Issues for Multi-nationals
  • IFRS 7 Financial Instruments: Disclosures
  •  IFRS 9 Financial Instruments
  • Evaluating the Cash Flow & Use of Financial Instruments by Leading International Oil & Gas and Petrochemical Companies
Day 10

Creative Accounting and Corporate Governance

  • Creative Accounting
  • Enron and Investor Protection
  • Corporate Governance
  • The Role of the Board & Audit Committee
  • External Auditing - reporting to investors
  • Internal Auditing - Defining and Developing the Internal Audit Process

Certificate

On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates

Accreditation

NASBA

In association with

GLOMACS Training & Consultancy
GLOMACS Training & Consultancy
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PetroKnowledge
PetroKnowledge
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The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry
Duration
10 Days
Format
Classroom
Language
English
Certificate
Yes
Choose the date and location that suits you:
Classroom Sessions
London
31 Aug - 11 Sep 2026
Fee: $ 11,900
Book your place
Dubai
02 - 13 Nov 2026
Fee: $ 11,900
Book your place
London
30 Aug - 10 Sep 2027
Fee: $ 11,900
Book your place
Dubai
01 - 12 Nov 2027
Fee: $ 11,900
Book your place

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FREQUENTLY ASKED QUESTIONS

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:

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, info@oxford-management.com

Note: Discounts are not applicable with any other special offer that may be available.

All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.

Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.

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 info@oxford-management.com

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 info@oxford-management.com 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.

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