-
Course Code
OGCM-055
Petrochemical, Oil & Gas 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. The Oil & Gas and Petrochemical Accounting & Performance Measurement training course supports finance professionals and decision-makers in strengthening their capability to drive financial clarity and operational insight in complex industry settings.
- Participants will learn the latest techniques for evaluating financial, operational, and social performance while applying relevant International Financial Reporting Standards (IFRS) to prepare financial statements in accordance with global best practice. The training course emphasizes strategic decision-making that enhances financial performance and resilience, enabling participants to make informed decisions that support organizational profitability and growth.
- Participants will explore issues facing multinational companies, joint ventures and production sharing agreements while mastering tools to manage sector-specific challenges in performance measurement. By integrating technical accounting skills with performance evaluation frameworks, participants gain a comprehensive understanding of financial statement preparation and performance analysis suited to dynamic oil-and-gas environments.
Learning Outcomes
- Evaluate the importance and contribution of Oil & Gas and Petrochemicals to the National Governments and the Fiscal Budget
- Evaluate the Major Issues facing the Oil & Gas and Petrochemical sector
- Recommend Strategic Plans to Improve Performance
- 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
- Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS)
- Evaluate the Financial and Operational Performance of international Oil & Gas and Petrochemical companies
Course Contents
- 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
- 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
- IAS 16: Property, Plant and Equipment
- Depletion, Depreciation & Amortizations (“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
- 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
- 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
The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement
Major Accounting Issues in the Oil & Gas Sector and Petrochemical
Accounting for Assets
Measuring Financial Performance
Measuring Operational & National / Government Efficiency and Performance
Our Methodology
- Make coaching and monitoring innovative and using modern
- Media training also using on the go training by using interactive means and focusing on
- The exercises, practical applications and real situations study
- Live delivery method, instructor-led training
- Experienced consultant, trainers, and professional
- Qualified trainer with high-level experience
Attendance Reports
- Send daily attendance reports to training departments
- Send full attendance report to training dep. by the end of the course
- Attend 100 % from the course days also provide daily
- Issue attendance certificate for participant who attend minimum 80% from the course duration
Pre/Post Reports
- Pre- assessment before starting training
- Post assessment after finishing training
- Full report for the difference between Pre-& Post assessment
Who Should Attend
- Corporate Accountants, Financial Controllers, Treasury Officers
- Management Accountants & Financial and Investment Analyst
- Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets
- Joint Venture Accountants and Auditors
- Corporate accountants and financial controllers
- Treasury officers and management accountants
- External, financial and internal auditors
- Government regulators and financial analysts
