Financial Accounting Reporting in Oil and Gas
Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry
About this course
This Seya Capital Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course provides you with up-to-date financial knowledge and skills through the evaluation of the strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the oil and gas sector to report costs, asset values, and profit, together with techniques for financial evaluation. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate, and interest rate volatility using derivatives.
In addition, the course explores project management techniques, and is designed to develop and enhance your skills and knowledge of this unique industry.
This training course will feature:
- An analysis of the major strategic issues affecting the oil and gas industry
Key financial accounting methods and techniques, including the latest IFRS relating to sustainability and presentation, to be enacted January 2027
An analysis of joint venture and production-sharing agreements
The latest risk management techniques
The latest project management techniques
Dates, venues & fees
| Dates | Venue | Format | Fee | |
|---|---|---|---|---|
| 29 Mar – 2 Apr 2027 | Nairobi, Kenya | 5 days | US$ 2,100 | Register |
| 5 – 16 Apr 2027 | Arusha, Tanzania | 2 weeks | US$ 3,780 | Register |
| 12 – 16 Apr 2027 | Arusha, Tanzania | 5 days | US$ 2,100 | Register |
Fees are per delegate and exclude travel and accommodation. Every course is also available as in-house training on dates that suit you.
By the end of the course
By the end of this training course, participants will be able to:
- Evaluate the long-term strategic issues facing the oil and gas industry
- Analyse the financial, economic, and commercial drivers
- Evaluate performance using key financial accounting methods and techniques
- Deliver more timely and useful information to decision makers
- Improve project controls, measurement and performance reporting, and overall corporate governance
Designed for
This Seya Capital training course is suitable for a wide range of professionals, and will greatly benefit:
- Accountants and finance professionals responsible for financial accounting, treasury, budget preparation, and management reporting
- Process and non-technical professionals who require a more in-depth understanding of financial accounting, reporting, project management, and forecasting techniques
- Financial planners and cost analysts
- Line and unit heads with direct planning and budgeting responsibility
- Accounts personnel and business consultants
Course outline
Day 1: Introduction to Financial Accounting in the Oil and Gas Industry+
- Nature and features of the oil and gas sector
- The latest issues facing the oil and gas industry
- The principles of oil and gas financial accounting and reporting
- International Financial Reporting Standards (IFRS) for oil and gas companies, including the latest IFRS relating to sustainability and presentation, to be enacted January 2027
- The roles and responsibilities of the finance professional
Day 2: Methods and Techniques of Accounting in Oil and Gas+
- Accounting for revenue
- Accounting for costs (acquisition, exploration, development, and production) and IFRS 6
- Accounting for assets: IAS 2 and IAS 16
- Accounting for impairment of assets: IAS 36
- Accounting for resources, reserves, and IFRS 6
Day 3: Evaluating Financial Statements & Reports of Oil and Gas Companies+
- Financial statements of leading oil and gas companies
- Ratio analysis and the evaluation of financial performance
- Evaluating the assets and reserves of oil and gas companies
- Comparative analysis and benchmarking
- Evaluating the strategic outlook of leading oil and gas companies
Day 4: Evaluating New Project Development+
- Efficient planning, stability, and growth
- Financing growth
- Evaluating capital investment using various financial indicators: payback, ARR, NPV, and IRR
- Earned value management for oil and gas
- Joint ventures and production-sharing agreements
Day 5: Risk Management & Auditing+
- Understanding the market and identifying the risks related to the oil and gas sector
- Risk assessment: probability and impact
- Risk management techniques
- Compliance and legal requirements
- The board and audit committee: roles and responsibilities
How you will learn
This training course draws on a variety of proven techniques to ensure maximum understanding, comprehension, and retention of the material presented. It is highly interactive, involving delegates in discussion and in the analysis of case studies and exercises which, where appropriate, include real issues brought to the workshop by delegates.
The return on learning
For your organisation
- An in-depth knowledge of the finance and accounting issues facing their organisation
- The knowledge and skills to prepare accounts in accordance with IFRS
- The ability to evaluate the impact of major IFRS
- Skills to evaluate performance and recommend actions to improve performance
- An awareness of risk and the tools and techniques to manage it effectively
- The ability to work independently and as valuable team members
For you
- A better understanding of the context and importance of the work they do
- Improved knowledge and skills to enhance their effectiveness
- The ability to evaluate, analyse, and recommend action
- Increased self-confidence and motivation at work
- Greater job satisfaction in providing quality support to management
- Greater ability to supervise, develop, and motivate colleagues
Seya Capital certificate
Upon successful completion of the classroom-based training course, a Seya Capital Certificate will be awarded to delegates.
Upon successful completion of the online training course, a Seya Capital Certificate will be awarded to all delegates. Guided Learning Hours are awarded in accordance with ISO 9001:2015.
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Training designed around your organisation
Every course can be delivered privately for your institution, at your premises or a venue of your choice, with case studies and content adapted to your sector and regulatory environment.