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

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

This 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.

Learning Objectives

• Evaluate the long term strategic issues facing the Oil and Gas industry
• Analyze 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

Who Should Attend

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

• Accountants and Finance Professionals
• Process and Non-technical Professionals
• Financial Planners and Cost Analysts
• Account Personnel and Business Consultants

Course Outline

Day 1 — Oil and Gas Industry Overview & the Role of Accounting and Finance

• The Nature of the Oil & Gas sector
• Current & Future challenges within the sector – a question of Supply & Demand
• The Role of the Finance professional
• Various financial reporting frameworks

Day 2 — Oil and Gas Accounting Methods and Techniques

• International Financial Reporting Standards (IFRS) & International Accounting Standards (IAS) relevant for oil and gas companies
• Specific financial accounting treatment in the Oil & Gas sector
• Accounting for Costs – Acquisition; Exploration; Development & Production
• Accounting for Assets - Asset Recognition; Depreciation Depletion & Amortisation and Asset Retirement

Day 3 — Partnerships and Understanding Financial Information

• Joint Ventures and Product Sharing Agreements
• Financial Performance, Position, and Cash Flow Statements
• Ratio Analysis and Interpretation
• Analyzing and Interpreting ‘Energy Specific’ Ratios

Day 4 — Risk Management

• Understand the Market and Risks
• Importance and Application of Risk Management
• Hedging using Derivatives
• Developing and Managing Contingencies

Day 5 — Capital Contracting and Project Performance and Reporting

• Identify The Business Needs & Developing, Measuring and Reporting KPI’s
• Project Lifecycle and Project Planning/Management
• Probabilistic Methodology Using Monte Carlo Simulation
• Developing and Challenging A Cost Estimate

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
1–5 November 2026	Dubai, UAE	Public	5 days	3,900
16–20 November 2026	Abuja, Nigeria	Public	5 days	4,500
7–11 December 2026	Abuja, Nigeria	Public	5 days	4,500

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Frequently Asked Questions

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.

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