Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Cost Accounting and Cost Management in Oil and Gas Course

By: Alpha Partners

Ghana

23 - 26 Oct, 2018  4 days

Follow Event

  

USD 6,500

  • By the end of this training course, participants will learn to:
  • Determine the Costs associated with your department/company
  • Access and Manage Costs/Price Volatility
  • Use the very latest Costing Methods
  • Analyze Cost and Price Volatility to enable better decisions
  • Control Costs effectively

Content

The Essentials of Cost and Price Management in the Oil Refinery sector 

  • Identification of the critical costs and key performance indicators in the oil refinery sector
  • A detailed examination of the income statement for an oil refinery
  • Calculation of the cost of sales for refinery products
  • Cost and price volatility within the sector
  • Allocating responsibility for cost control
  • Implementing a cost control culture within the organization

Best Practice Costing Methods

  • Best practice costing methods
  • Job order, process costing and activity-based costing methods
  • Cost and value analysis
  • Cost control
  • Monitoring of expenditure
  • Variance analysis and reporting

Cost Management and Control

  • Cost classification and cost behavior
  • Controlling fixed and variable costs
  • Reducing fixed costs
  • Cost-Volume-Profit analysis
  • Inventory control to reduce costs
  • Incentives to reduce costs

Hedging Costs and Risk Management

  • Hedging techniques to control costs and prices
  • Forwards, futures, options and swaps
  • Defining risk management and identifying costs/risks to hedge (Reduce or Eliminate)
  • Determining the hedging strategy
  • Implementing a risk management strategy
  • Hedging price volatility

Managing Project and Contract Costs and Prices

  • Achieving efficiency of time and quality within budget
  • Statistical estimates of activity duration and costs
  • Critical path analysis
  • Manpower and resource planning and management
  • Earned value management
  • Managing project risks in a cost-effective manner

For whom:

  • Accountants
  • Auditors
  • Asset Managers
  • Directors
  • Lawyers
  • Engineers  
  • Others who perform related functions in Oil and Gas.

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 participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties

SunLodge Hotel, Off Achimota - Circle Road Behind the Shell Filling Station at No. 76, 4th Road (Saxel Estates) Tesano – Accra, Ghana. Oct 23 - 26 Oct, 2018
USD 6,500.00(Per Participants to cover Workshop Literature and Materials, Executive Bag, Tea/Coffee, Lunch, Photograph and Certificate)
(Convert Currency)

Chris Onwuasigwe, FCA – 08033045484 08033045484

Discount of 5% for 3-5 Participants from the Same Organization Discount of 10% for 6 and Above Number of Participants from the Same Organization
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
NST PPC Advert
Related Courses
Developing your Business English Writing and Communication Skills Course Developing your Business English Writing and Communication Skills Course

4 days, 29 Oct - 01 Nov, 2019 

2019-10-29 12:10:00
Lagos State, Nigeria

Alpha Partners

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 ...

Internal Auditing Strategies in the Oil and Gas Sector Course Internal Auditing Strategies in the Oil and Gas Sector Course

4 days, 18 - 21 Jun, 2019 

2019-06-18 12:06:00
Lagos State, Nigeria

Alpha Partners

There is no doubt that because of the peculiarities of oil and gas industry operations, internal auditing in that sector has presented special challenges for corporate internal auditors in the ...

Best Practice in Inventory Management Course Best Practice in Inventory Management Course

4 days, 23 - 26 Jul, 2019 

2019-07-23 12:07:00
Lagos State, Nigeria

Alpha Partners

All organizations need to maintain inventory in various forms like raw materials, work in progress (WIP) and finished products. However, maintaining inventory at optimum level is a perennial ...

Purchasing Principles and Practices Course Purchasing Principles and Practices Course

4 days, 15 - 18 Oct, 2019 

2019-10-15 12:10:00
Lagos State, Nigeria

Alpha Partners

Today’s successful global business considers purchasing as a strategic function that uses and enables change within an organization.  The sourcing strategies of the past can no longer ...