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

An Interactive 3-Day Training Course

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

NASBA

We regret to inform you that we currently don't have any sessions scheduled for this course.

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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
Course Outline
Day 1

The Basics – Introduction to Financial Accounts

  • Accounting Terminology
  • Income Statement / Balance Sheet / Cash Flow
  • Accrual basis accounting
  • Published report and accounts
  • Oil & Gas Accounting issues
  • The cash conversion cycle
  • Working capital management
Day 2

Financial Analysis and Costing

  • Profitability and gearing ratios
  • Financial & Non-Financial analysis
  • The Balance Scorecard
  • Analysis of Oil & Gas Companies
  • Understanding and working with costs – Oil & Gas
  • Plan for cost reduction and profit improvement
  • Fixed and variable costs
Day 3

Budgeting, Forecasting & Investment Appraisal

  • The Budgeting Process - The role of budgeting
  • Building a budget and managing a budget
  • Better forecasts and forecasting
  • Variance analysis
  • Capital Budgeting
  • Weighted Average Cost of Capital
  • Present Value & Internal Rate of Return – Method
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

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