Introduction
This 5-day IFRS for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) online training course develops an essential understanding of oil & gas accounting, reporting and performance measurement issues and practices.
This GLOMACS online training course develops your ability to prepare, use and critically evaluate information on Upstream, Midstream & Downstream Oil & Gas activities, applying specialist industry knowledge and relevant analytical skills.
This online training course will feature:
- Analysis and evaluation using practical case studies
- Facilitated group discussions on current issues, policies, procedures
- Real Life issues within delegates’ organisations and other oil and gas companies
Objectives
By the end of this online training seminar, you will be able to:
- Develop an understanding of the accounting standards, policies and practices used by companies in the Oil & Gas industry
- Appreciate the nature and financial implications of Production Sharing Contracts and other agreements between host governments and international companies
- Examine issues and guidelines in accounting for Joint Ventures
- Identify and know how to apply international and national accounting standards most relevant to the industry
- Improve relevance and reliability of financial reports to better meet the needs of users
- Review and use publicly available information for benchmarking the business performance of companies in the industry
Training Methodology
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organisational Impact
The organisation will benefit greatly from their employee’s participation as they will:
- Gain knowledge and skills for the benefit of the entire organization
- Ensure legal compliance in line with the latest requirements
- Understand the major accounting issues facing the sector
- Be able to apply IFRS specific to their organisational needs
- Aid Corporate Governance thereby reducing risk
- Be able to contribute to financial decision making more effectively
Personal Impact
This online training course will be of personal benefit to delegates by providing them with:
- Skills and knowledge to further your professional career
- The latest tools and techniques to assist you in your role
- An ability to make more informed decisions aimed at reducing risk
- Increased skills and improved decision making to increase your importance to your organization
- An ability to liaise effectively with other departments and colleagues regarding current practices and issues affecting oil & gas industry
- A greater understanding or your role and the major issues affecting it
Who Should Attend?
This online training course is designed specifically for those have a basic understanding of accounting and want to learn more about accounting and financial reporting policies and practices in the Oil & Gas and Petrochemical industry (upstream, midstream & downstream).
This online training course will be suitable to a wide range of professionals but will greatly benefit:
- Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
- Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
- Joint Venture Accountants and Auditors
- External, Financial and Internal Auditors
- Government Regulators and Auditors
- Financial and Investment Analysts