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Fundamentals of Oil and Gas Accounting

By: Alpha Partners

Lagos State, Nigeria

23 - 26 Oct, 2018  4 days

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NGN 150,000

Understanding finance and accounting is often the key to managerial progression, but the special problems in financial reporting and accounting for the Oil and Gas industry can make the whole topic seem daunting. The industry typically requires extremely high levels of speculative investment with absolutely no guarantee of a successful return. It is characterized by lengthy time periods between the initial investment and any returns and it attracts many regulatory accounting rules and standards.

This four-day seminar discusses the ways that the finance function deals with these special requirements. The seminar will have a practical approach and aims to enable each participant to fully appreciate the role of financial and accounting information in decision-making and also the impact of their personal activities on their organization’s financial viability.

Content

  • Overview of Oil and Gas Sector
  • Introduction to Oil and Gas Accounting
  • Cost Accounting for Oil and Gas Industries
  • Accounting for Production Activities and Revenues
  • Analysis of Oil and Gas Companies’ Financial Statements
  • Competitive Analysis and Comparisons 
  • Budgeting and Budgetary Control
  • Cost Control and Cost Reduction
  • Preparation of Accounts for Management
  • Financial Reporting

For whom: Accountants, Treasurers, Cash/Bank Relations Officers, Middle Level Managers, and other Management staff who perform related functions in the Oil and Gas Sector.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos. Oct 23 - 26 Oct, 2018
NGN 150,000.00(Fee: for each course, the workshop fee is N150,000.00 (One Hundred and Fifty Thousand naira Only) per participant to cover workshop literature and materials, Executive Bag, Tea/Coffee, Lunch, photographs and Certificates.)
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Chris Onwuasigwe, FCA 08033045484

3-5 Participants – 5% Discount allowed. 5 and above number of Participants – 10% Discount allowed.
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
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