Financial Accounting, Reporting & Business Support in the Oil and Gas Industry

An Interactive 5-Day Training Course

Financial Accounting, Reporting & Business Support in the Oil and Gas Industry

Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry

NASBA
Classroom Schedule
Date Venue Fees
01 - 05 Dec 2025 Dubai $ 5,950
09 - 13 Feb 2026 Kigali $ 5,950
08 - 12 Jun 2026 London $ 5,950
03 - 07 Aug 2026 Dubai $ 5,950
14 - 18 Sep 2026 Kuala Lumpur $ 5,950
28 Sep - 02 Oct 2026 Dubai $ 5,950
30 Nov - 04 Dec 2026 Dubai $ 5,950
Online Schedule
01 - 05 Dec 2025 Online $ 3,950
08 - 12 Jun 2026 Online $ 3,950
30 Nov - 04 Dec 2026 Online $ 3,950

Introduction

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives.

In addition, we will explore project management techniques in this exciting training course designed to develop and enhance your skills and knowledge of this unique industry.

This GLOMACS training course will feature:

  • An Analysis of the Major Strategic Issues affecting the Oil & Gas Industry
  • Key Financial Accounting Methods and Techniques including the latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • An Analysis of Joint Venture and Product Sharing Agreements
  • The latest Risk Management Techniques
  • The latest Project Management Techniques

Objectives

By the end of this training course, participants will be able to:

  • Evaluate the long term strategic issues facing the Oil and Gas industry
  • Analyse the financial, economic and commercial drivers
  • Evaluate performance using key financial accounting methods and techniques
  • Deliver more timely and useful information to decision makers
  • Improve project controls, measurement & performance reporting & overall corporate governance

Training Methodology

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training seminar will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Organisational Impact

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training seminar is of direct relevance to the Oil & Gas sector and as a result the organisations will benefit greatly from their employees participation. The organization will gain from employees with:

  • An in-depth knowledge of the finance and accounting issues facing your organization
  • The knowledge and skills to prepare accounts in accordance with IFRS
  • An ability to evaluate the impact of major IFRS
  • Skills to evaluate performance and recommend actions to improve performance
  • An awareness of risk and the tool and techniques to manage risk effectively
  • An ability to work independently and as valuable team members

Personal Impact

This training course will personally benefit delegates by providing you with a:

  • Better understanding of the context and importance of the work you do
  • Improved knowledge and skills to improve your effectiveness
  • An ability to evaluate, analyse and recommend action
  • Increased self-confidence and motivation at work
  • Greater job satisfaction in providing quality support to management
  • Greater ability to supervise, develop and motivate colleagues

Who should Attend?

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

  • Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting
  • Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques
  • Financial Planners and Cost Analysts
  • Line / Unit Heads with direct planning and budgeting responsibility
  • Account Personnel and Business Consultants
Course Outline
Day 1

Introduction to Financial Accounting in Oil and Gas Industry

  • Nature & Features of the Oil & Gas Sector
  • The Latest Issues Facing the Oil and Gas Industry
  • The Principles of Oil and Gas Financial Accounting and Reporting
  • International Financial Reporting Standards (IFRS) for Oil and Gas Companies latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • The Roles & Responsibilities of the Finance Professional
Day 2

Methods and Techniques of Accounting in Oil and Gas

  • Accounting for Revenue
  • Accounting for Costs (Acquisition, Exploration, Development & Production) and IFRS 6
  • Accounting for Assets: IAS 2, IAS16
  • Accounting for Impairment of Assets: IAS36
  • Accounting for Resources & Reserves & IFRS 6
Day 3

Evaluating Financial Statements & Reports of Oil and Gas Companies

  • Financial Statements of leading Oil & Gas Companies
  • Ratio Analysis and the Evaluation of Financial Performance
  • Evaluation the Assets & Reserves of Oil & Gas Companies 
  • Comparative Analysis & Benchmarking
  • Evaluating the Strategic Outlook of leading Oil & Gas Companies
Day 4

Evaluating New Project Development

  • Efficient Planning, Stability and Growth
  • Financing Growth
  • Evaluating Capital Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
  • Earned Value Management for Oil and Gas
  • Joint Ventures and Product Sharing Agreements 
Day 5

Risk Management & Auditing

  • Understand the Market and Identify the Risks related to Oil & Gas Sector
  • Risk Assessment: Probability & Impact
  • Risk Management Techniques
  • Compliance & Legal Requirements
  • The Board & Audit Committee - roles & responsibilities
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

KHDA
NASBA

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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