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An Interactive 5-Day Training Course

Oil & Gas and Petrochemical Accounting & Performance Measurement

Measuring Financial Performance to Ensure Future Profitability, Liquidity and Growth

Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who should Attend? Outline

Classroom Schedule

Date	Venue	Fees
08 - 12 Dec 2025	London - UK	$ 5,950
09 - 13 Feb 2026	London - UK	$ 5,950
29 Jun - 03 Jul 2026	Dubai - UAE	$ 5,950
17 - 21 Aug 2026	Vienna - Austria	$ 5,950
19 - 23 Oct 2026	Dubai - UAE	$ 5,950
07 - 11 Dec 2026	London - UK	$ 5,950

Introduction

This GLOMACS Oil & Gas and Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate Oil & Gas and Petrochemical Accounting and Performance Measures. It focuses on the risks currently facing the sector including oil price volatility and changing patterns of demand.

It focuses on the latest techniques to evaluate Financial, Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of Oil & Gas accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization.

This GLOMACS training course will highlight:

The major risks of the Oil & Gas and Petrochemical sectors and the tools to manage those risks
How to Prepare Financial Statements in line with IFRS
The latest international tools and techniques to develop skills of evaluation and performance measurement
Issues facing multinational companies and those engaged in Joint Ventures or Production Sharing Agreements
The lessons to be learnt from an evaluation of leading international Oil & Gas and Petrochemical companies

Objectives

At the end of this GLOMACS training course, you will learn to:

Evaluate the Major Issues facing the Oil & Gas and Petrochemical sector
Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS)
Evaluate the Financial and Operational Performance of international Oil & Gas and Petrochemical companies
Evaluate the importance and contribution of Oil & Gas and Petrochemicals to the National Governments and the Fiscal Budget
Recommend Strategic Plans to Improve Performance

Training Methodology

This GLOMACS Oil & Gas and Petrochemical Accounting & Performance Measurement training course is highly interactive with delegates actively engaged in the discussion and evaluation of Oil & Gas case studies throughout the course. Delegates are taken through the latest techniques to evaluate performance and learning is further reinforced by examination of annual reports of international oil and gas companies.

At the end of each day, participants have an opportunity for a one-to-one session with the training course leader to develop their understanding further and will be provided with course notes and examples in both hard and soft copy.

Organisational Impact

Personal Impact

This GLOMACS training course will of personal benefit to delegates by providing you with a:

Better understanding of the context and importance of the work you do
Greater awareness of industry practices, problems and solutions
Increased understanding and assurance to complete tasks successfully
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 Oil & Gas and Petrochemical Accounting & Performance Measurement training course is ideally suited to those who work in the Oil & Gas sector particularly those in an accounting and performance measurement role.

This GLOMACS training course is 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

Course Outline

Day 1

The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement

Latest Events in the Oil & Gas and Petrochemical Sectors - price volatility and supply & demand changes
Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
Resources & Reserves
Strategic Choices currently facing the Sector
Capital Investment Issues
Performance across the Sector

Day 2

Major Accounting Issues in the Oil & Gas Sector and Petrochemical

Revenue Recognition
Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
The Crack Spread – issues facing Refineries and Petrochemical companies
Break Even Oil, Cost Oil & Profit Oil
IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
IFRS 6 Exploration & Evaluation of Mineral Assets

Day 3

Accounting for Assets

IAS 16: Property, Plant and Equipment
Depletion, Depreciation & Amortisation (“DD&A”)
IAS 36: Impairment of Assets
IAS 37: Provisions, Contingent Liabilities and Contingent Assets
IAS 38: Intangible Assets
IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement

Day 4

Measuring Financial Performance

Cross Sectional & Time Series Analysis
Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
Cashflow Analysis and Its Importance in the Oil & Gas sector
Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
Evaluation of Share Price and Investment Performance
Evaluating the Financial Performance of Leading International Companies in the Sector

Day 5

Measuring Operational & National / Government Efficiency and Performance

Measuring Reserves – Life, Reserves per Well, Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies
Finding, Development & Production Capability & Efficiency
Evaluating the Operational Performance of Leading International Companies in the Sectors
Earned Value Added Analysis of Projects
Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
National / Government Measures of Efficiency & Performance

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.

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What Our Clients Say

This was a good training programme. I am much more better equipped in oil and gas accounting than before I came for this training.

- Elizabeth Aanu Adeniyi

Course - Oil & Gas and Petrochemical Accounting & Performance Measurement

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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