Mastering finance for non-financial oil and gas personnel

Mastering finance for non-financial oil and gas personnel

Course Objectives:

This course allows personnel who don't have a financial background to understand the basic principles, theory and practice of financial reporting and analysis as they apply to the oil

and gas industry.


What 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 

  • A conceptual understanding of key E&P accounting topics including depreciation, reserves, decommissioning, and asset impairment tests


Who Should Attend?

This course is aimed at non-financial personnel at all levels and in all disciplines in the oil and gas industry who want to develop a better understanding of finance and budgeting.  


Course Content Summary

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                                            
  • How to prepare a budget 

  • How to control a budget 

Effects of taxation

  • How tax affects profit and cash flow 

  • The impact of tax on decisions

Event Information

Event Date 15-05-2022
Event End Date 19-05-2022
Individual Price $2,800.00
Location cairo
Categories Financial and Auditing