Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries
Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
When the training course addresses a number of economic, legal, accounting, taxation, auditing, budgeting, controlling, planning, information system, managerial, and strategic planning issues in a context, it is our Financial Management course. This Certification training course in Financial Management for Oil and Gas Companies & Petrochemical industries provides deeper knowledge of accounting in the oil industry and to introduce the tools of financial analysis and management.
Learning Objectives
Analyze the profit and loss account (income statement), balance sheet, and cash flow statement, and use ratios to interpret financial statements of the Oil & Gas sector and petrochemical industry
Appreciate the significant importance of cash flow (rather than profit) and Discounted Cash Flow (DCF) in Oil & Gas companies and petrochemical industries
Develop costing systems such as Activity-Based Costing (ABC) for optimal decision-making to maximize shareholder wealth
Appreciate the role of managers in the budget process and the use of Activity Based Budgeting (ABB)
Determine the cost of capital to evaluate alternative sources of financing and optimal financial structure (gearing)
Effectively manage cash and working capital to reduce costs and improve cash flow in Oil & Gas companies and the petrochemical industry
Who Should Attend
This course is designed for corporate accountants, financial controllers, treasury officers, and other professionals seeking to strengthen their capability in this area.
Corporate Accountants
Financial Controllers
Treasury Officers
Management Accountants
Finance Staff in General Accounting
Joint Venture Accountants and Auditors
Financial and Internal Auditors
Government Regulators and Auditors
Financial and Investment Analysts
Course Outline
Day 1 — Overview of Accounting & Financial Essential in Oil & Gas Sector and Petrochemical Industry
Latest Events in the Oil & Gas Sector - price volatility and supply & demand changes
The Nature of the Petrochemical Industries
Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
Resources & Reserves
Day 2 — Financial Management in the Oil & Gas Sector and Petrochemical Industry
Oil and Gas Company Financial
Financial Statement Analysis in the Oil & Gas Sector and Petrochemical Industry
Profit and Loss Account (income statement)
Balance Sheet
Day 3 — Financial Structure Costing and Decision-Making
Financial Structure Cost of Debt
Cost of Equity
Weighted Average Cost of Capital (WACC)
Optimal Capital Structure
Day 4 — Capital Budgeting & Financial Ratio Analysis
Capital Budgeting Capital Rationing
Ranking Investment Projects
Inflation and Investment
Using Expected Values and Standard Deviations to Make Decisions
Day 5 — Valuation of Oil & Gas Company and Petrochemical Industry
Types of Valuation Methods
Payback
Net Present Value
Internal Rate of Return
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.