Finance for Non-Finance Professionals
in the Oil & Gas Industry (FastTrack)

INTRODUCTION

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation is making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging seminar addresses these important issues for established managers and give “fast track” learning for young professionals early in their careers.

The training course introduces crucial theory but primarily focuses on real life problems and applications to build practical understanding and use of this essential subject.

Key areas covered in this training seminar include:

• Reading, interpreting and using financial statements (internal and external)
• Improving business cases and decision-making
• Costing and presenting plans and proposals
• Working more effectively with budgets
• Delivering improved financial performance, profit & cash flow

Objectives

At the end of this training seminar, delegates will be able to:

• Read and interpret financial statements
• Analyse business performance
• Contribute to cash and working capital management
• Build budgets and manage costs and budgets
• Present business cases and utilise financing techniques to improve decision making

Training Methodology

The training seminar uses an interesting mix of lively discussion, and exercises and contemporary examples.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life. Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

Organisational Impact

Organisations will benefit from trained managers who will:

• Make better business and management decisions and cases
• Manage budgets and resources more effectively
• Have better regard for their impacts on Profit, Cash, Business Risk and Business Performance
• Work more effectively with colleagues in other functions (including finance)
• Identify more opportunities to improve business performance
• Provide knowledge and understanding that can be shared amongst other departments of the business

Personal Impact

Participants will be able to advance their careers as a result of understanding the various subject covered.

In particular they will be able to:

• Understand the basic concepts of finance as it relates to their businesses
• Interpret their organizations financial signals
• Think and speak the language of finance
• Read and understand balance sheets and profit-and-loss statements
• Understand how to control and manage a company’s cash flow

WHO SHOULD ATTEND?

This training course is suitable to a wide range of professionals but will greatly benefit:

• All professionals with financial responsibility
• Young professional being introduced to business and finance