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
Course Overview
This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training seminar 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 Saudi 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
Training 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 – from Day 4
- Comparative Analysis & Benchmarking – from Day 4
- Evaluating the Strategic Outlook of leading Oil & Gas Companies
DAY 4: Evaluating New Project Development
- Efficient Planning, Stability and Growth – From Day 5
- 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 – from Day 3
DAY 5: Risk Management & Auditing
- Understand the Market and Identifying 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 Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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