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Petroleum Business
Petroleum Finance and Accounting Principles
Finance and accounting are the common language of business and are central to using resources well. This course improves job performance by building understanding of current international finance and accounting practice in the oil and gas sector. Participants learn to read and prepare financial statements and to tell the difference between profit and cash.
- Discipline
- Petroleum Business
- Level
- Foundation
- Duration
- 5 days
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Staff new to oil and gas accounting or finance, economists and others who want to learn or refresh the basics of petroleum accounting.
What participants will be able to do
- Explain financial reporting requirements for oil and gas companies
- Prepare accounting statements including a cash flow statement
- Distinguish financial, managerial and joint venture accounting
- Recognise the main oil and gas accounting methods
- Differentiate between profit and cash flow
Topics covered
- International reporting standards
- Financial statements
- Joint venture accounting
- Oil and gas accounting methods
- Profit versus cash
- Finance terminology