Oil and Gas Accounting and Performance Measurement

Course Info

Length: 1 Week

Type: Online

Available Dates

Fees

  • Aug-29-2022

    1,950

  • Sep-26-2022

    1,950

  • Oct-17-2022

    1,950

  • Oct-31-2022

    1,950

  • Nov-14-2022

    1,950

  • Nov-28-2022

    1,950

  • Dec-05-2022

    1,950

  • Dec-19-2022

    1,950

  • Dec-20-2022

    1,950

  • Jan-10-2023

    1,950

  • Jan-17-2023

    1,950

Course Details

Course Outline

5 days course

The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement 
 
  • Latest Events in the Oil & Gas and Petrochemical Sectors - price volatility and supply & demand changes
  • Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
  • Resources & Reserves
  • Strategic Choices currently facing the Sector
  • Capital Investment Issues
  • Performance across the Sector

 

Major Accounting Issues in the Oil & Gas Sector and Petrochemical 
 
  • Revenue Recognition
  • Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
  • The Crack Spread – issues facing Refineries and Petrochemical companies
  • Break Even Oil, Cost Oil & Profit Oil
  • IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
  • IFRS 6 Exploration & Evaluation of Mineral Assets
Accounting for Assets 
 
  • IAS 16: Property, Plant and Equipment
  • Depletion, Depreciation & Amortisation (“DD&A”)
  • IAS 36: Impairment of Assets
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
  • IAS 38: Intangible Assets
  • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
Measuring Financial Performance 
 
  • Cross Sectional & Time Series Analysis
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow Analysis and Its Importance in the Oil & Gas sector
  • Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
  • Evaluation of Share Price and Investment Performance
  • Evaluating the Financial Performance of Leading International Companies in the Sector
Measuring Operational & National / Government Efficiency and Performance 
 
  • Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies
  • Finding; Development & Production Capability & Efficiency
  • Evaluating the Operational Performance of Leading International Companies in the Sectors
  • Earned Value Added Analysis of Projects
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
  • National / Government Measures of Efficiency & Performance

Course Video