Show findcourses.co.uk as: Mobile

Mastering Finance for Non-Financial Oil & Gas Personnel

MDT International
Course summary
2 days
1,350 GBP excl. VAT
Open / Scheduled
Next available date: 30/10/2019 09:00 - Aberdeen
Course Dates
Aberdeen
30/10/2019 09:00 
1,350 GBP
London
25/11/2019 09:00 
1,350 GBP
14/12/2020 09:00 
1,350 GBP

Course description

Mastering finance for Non-Financial Oil & Gas Personnel

Mastering Finance for Non-Financial Oil & Gas Personnel - 2 day Training Course

This two-day Mastering Finance for non-financial oil and gas personnel training course is designed to help those personnel without knowledge of finance to understand the basic financial principles, theory and practice of financial reporting and analysis as they apply to the oil and gas industry.

Using a combination of instruction, group discussions, practical examples and exercises, this course is designed to ensure that delegates absorb both the theory and the practical application of the topics.

On attending this Mastering Finance for non-financial oil and gas personnel training course you will learn:

  • how to interpret, understand and act on financial information
  • how to develop more effective decision-making skills
  • elements of financial management specific to the oil and gas industry
  • a conceptual understanding of key E&P accounting topics including depreciation, reserves, decommissioning, and asset impairment tests

Suitability - Who should attend?

This Mastering Finance for Non-Financial Oil & Gas Personnel training courseis suitable for non-financial personnel at all levels and in all disciplines in the oil and gas industry who want to develop a better understanding of finance and budgeting.  

Typical delegates include:

  • managers and supervisors wanting to improve their understanding of financial reports and make more effective use of financial information for strategic and operational decision-making
  • specialists in all disciplines who have to interpret and work with financial information
  • all personnel with budget responsibilities
  • advisers who make recommendations based on financial data

Outcome / Qualification etc.

Participants on this course are eligible for 14 hours of CPD accreditation on completion. 

Training Course Content

This Mastering Finance for Non-Financial Oil & Gas Personnel training course covers the following content:

Sources and uses of financial information

  • sources of financial data
  • financial information systems
  • uses of financial information for decision-making

Understanding financial information

  • understanding basic principles
  • the profit and loss account
  • the balance sheet
  • the importance of working capital and how to control it
  • the difference between capital expenditure and operating expenditure

Cash flow

  • understanding the difference between cash flow and profit
  • how to control cash flow
  • techniques for measuring financial performance
  • how to measure financial performance
  • how to compare the performance of different petroleum companies

Oil & Gas industry accounting policies

  • how to account for exploration and appraisal costs
  • understand the nature and classification of reserves and the use of reserve data in E&P accounting
  • DD&A - the basic concepts and examples of the Unit of Production calculation
  • understand asset impairment tests
  • how to account for decommissioning
  • a review of a sample set of E&P company published accounts

Effects of taxation

  • how tax effects profit and cash flow
  • the impact of tax on decisions 

Budget preparation and control

  • the role of financial planning
  • how to prepare a budget
  • how to control a budget

Expenses

Course Fee: £1350.00 (+ VAT for attending UK courses). Fees include your attendance at the relevant training course/s and the provision of a comprehensive training course manual, course completion certificate, plus lunch and refreshments during the training day. Fees do not include accommodation and living costs.

MDT International can also provide this course on an in-house course basis, to discuss please submit enquiry. 

About provider

MDT International - Finance, Commercial & Management Courses for the Oil & Gas Industry

MDT delivers commercial training courses in most major established and emerging international oil and gas hubs. Whether you're taking part in an open course, or benefiting from the customised experience of our in-house training, you know what you’ll learn from some...


Read more and show all courses with this provider

Customer Outreach Award

customer-outreach-badge-2019

We believe that it should be easy for you to find and compare training courses. 

Our Customer Outreach Award is presented to trusted providers who are excellent at responding to enquiries, making your search quicker, more efficient and easier, too.

Request info

Fill out your details to find out more about Mastering Finance for Non-Financial Oil & Gas Personnel.

  Contact the provider

  Get more information

  Register your interest

Contact info

MDT International

MDT International Ltd
45 Albert Street
AB25 1XT Aberdeen

 Show phone number
www.mdtinternational.com


Reviews

Mike, GDF
(5)
Fascinating insights into the accounting world, which will help me understand and contribute in some of the meetings I attend. I had heard lots of the acronyms before but now they mean something.
Fabio , Petrobras
(4)
Overall content of material was excellent and up to date. Trainer explained concepts well and used relevant examples. Really enjoyed it!
Paul, GDF
(5)
Great trainer and good presenter. Fascinating content. Good example of how to make a boring content very interesting and catch people’s attention. Good refresher of basic finance and accounting concepts.
Request Information

Find out more about this Mastering Finance for Non-Financial Oil & Gas Personnel course - simply fill out your details:

Reviews
Mastering Finance for Non-Financial Oil & Gas Personnel
Course rating
(4.7)
Based on 7 reviews
U.K. L&D Report: 2019 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!

uk-ld-report-2019

Learn more

Case Study