Finance and Accounting for the Oil and Gas Industry

What Will You Learn?

• Day 1: Introduction to Oil and Gas Finance and Accounting
• Overview of the Oil and Gas Industry
• Key Financial and Accounting Challenges
• Regulatory Environment and Compliance
• Financial Management in Oil and Gas Companies
• Day 2: Exploration and Production Accounting
• Accounting for Exploration and Drilling Activities
• Reserves Estimation and Reporting
• Joint Venture Accounting
• Revenue Recognition in Upstream Operations
• Day 3: Downstream Operations and Refinery Accounting
• Accounting for Refining and Petrochemical Operations
• Inventory Valuation and Cost Accounting
• Pricing and Margin Analysis
• Financial Reporting for Downstream Activities
• Day 4: Financial Reporting and Compliance
• Financial Statement Preparation and Disclosure
• Compliance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
• External Audits and Assurance
• Case Studies on Financial Reporting Challenges
• Day 5: Strategic Financial Management in the Oil and Gas Sector
• Capital Budgeting and Investment Appraisal
• Project Finance and Risk Management
• Financial Planning and Analysis
• Final Project: Applying Finance and Accounting Concepts in the Oil and Gas Industry