About
An expanding global oil and gas economy has dramatically changed the role of financial decisions and the magnitude of their affect throughout the company. Decisions about personnel; drilling for reserves, production, acquiring or divesting assets; or forging strategic alliances are financial in nature. The participant will learn how to use the concrete techniques that enable him to make truly informed decisions, in order to increase his company’s value.
To enhance the participant’s knowledge, abilities, and skills necessary to understand and use latest financial management and control techniques for the oil and gas industry
By the end of this workshop you will be able to:
- Read and understand oil and gas financial statements
- Identify financing alternatives available to oil and gas companies
- Make a long- and Short-term financial decision
- Determine the sustainable Rate of Growth
- Understand the processes of forecasting and budgeting
- Understand risk and valuation concepts
- How to develop the company’s cost of capital
- Determine market value added and economic value added
- What are the various financial issues associated with international operations
Overview of Oil and Gas Accounting:
- Successful Efforts and Full-Cost Accounting;
- DD&A and accounting for impairment of proved properties
An Introduction to Financial Management:
- What is a Firm?
- Legal Forms of Business
- The Corporation and Financial Markets
- Financial Management Axioms
How to use financial information:
- Financial Statements: An Overview
- Financial Statements in Oil and Gas Companies
- Financial Statements Analysis
- Using Ratios
- Financial and Operating Ratios of the Oil and Gas Industry;
- Benchmarking
How to Make a Short-term Financial Decision:
- Cash Conversion Cycle;
- Working Capital Management;
- Cash Management Programs and Techniques
- Credit Evaluation;
- Cash Budget
Forecasting and Budgeting:
- Percent of Sales Method
- Sustainable Rate of Growth
- Nature and Objectives of Budgeting
- Managing the Budgeting Process;
How to make Long-term Financial Decisions:
- Capital Structure and Financial Structure
- Capital Structure and Sources of Funds
- The Right Mix of Debt and Equity;
- Capital Budgeting;
Risk and Valuation Concepts:
- Determining the WACC
- Finding an appropriate discount rate
- Valuing for uncertain events
Value Added:
- Market Value Added
- Economic Value Added
Financial Aspects of International Operations:
- Determining International Oil and Gas Prices,
- Parent and Subsidiary Perspectives in Project Evaluation and Risk Exposure with International Projects
Controllers, senior finance managers, executives and Staff working in the finance and commercial departments.
Training Methodology
Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:
- Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
- Making scientific evaluation to the trainee (before and after)
- Brainstorming and role-playing
- Using case studies related to the scientific material being delivered and the trainees' work.
- The participants get the scientific and practical material printed and on CDs and Flash memories.
- Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
- A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
- After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
- Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
- Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.
