This 10-day Financial Management training course provides the knowledge and skills to enable delegates to successfully control costs; prepare, manage and control budgets effectively in the Oil & Gas industry. It also provides solutions to the strategic issues facing the Oil & Gas industry, recommending sustainable growth strategies in an effective cost control manner. In addition delegates will be able to prepare, understand and evaluate financial accounts for the Oil & Gas industry. 

This EuroMaTech training course will feature:

• A detailed understanding of financial accounting, costing and budgeting in the Oil & Gas industry, focusing on leading international practice
• Examination and evaluation of the latest techniques
• Skills development via interactive sessions
• Key discussion of strategic and operational issues currently facing the Oil & Gas industry

This 10-day training course, comprises of two parts, as detailed below:

Module 1 - Budgeting & Cost Control for the Oil & Gas Industry

Module 2 - Finance & Accounting for the Oil & Gas Industry

Each module has been developed distinctly, such that it can can be attended as an individual 5-day training course. However, for optimum training outcome, participants are encouraged to attend Module 1 and Module 2, as a complete 2-week training course.

TRAINING OBJECTIVES

• Understand the major risks facing the Oil & Gas sector including the impact for oil price volatility
• Evaluate capital investment proposals including financing decisions
• Prepare & Evaluate financial statements in line with International Financial Reporting Standards
• Measure and control costs effectively in a competitive environment
• Prepare, manage and control budgets in the Oil & Gas Industry to make effective decisions to ensure growth, maintain profitability and reduce risk
• Recommend innovative hedging strategies used by leading international companies to control risk and manage budgets effectively