Petroleum Finance and Accounting Principles Advanced Studies & Training Centre

In the rapidly changing global oil and gas economy, it is critical to the success of any producing company to make the most efficient use of its resources. Finance and accounting comprise the universal business language. Planning and decision making that occur in an informal financial context permit better application of resources and promote competitive advantage

Who Should Attend?

Planners, accounting personnel in the oil and gas industry

COURSE OUTLINE

  • Constructing the basic financial statements
  • The financial reports for basic statements
  • International Generally Accepted Accounting Principles
  • Accounting Standards, Understanding footnotes and disclosures
  • Special Issues in Oil and Gas Accounting the latest accounting issues
  • Comparison of different accounting elements Full Cost, Successful Efforts and
  • Revenue Recognition method of accounting
  • Basic petroleum costs
  • Accrual and Cash Accounting
  • Accounting for Intangible Drilling costs
  • Profits Vs Cash Flows
  • Capital Vs Operating Tangible Asset Leases
  • Budgeting and Forecasting operating Vs capital budgeting methods

Learning Goal

Participants should gain knowledge of:

  • The need, function, and benefit of strategic control
  • Planning strategy and tactical implementation
  • Strategy & tactics for a world class organisation
  • Leadership in performance of people and processes

Advanced Studies and Training Centre was established in the to bring together local business inpiduals with professional international trainers, with a view to facilitate learning

Keeping in mind the different cultural persity in Dubai, They offer trainings in a variety of subjects in both English and Arabic languages.

It is our mission to engage people in learning that inspires them to be involved and take action. 

Our services – from leadership coaching and development to employee motivation – reflect our belief that engaged and inspired people build success in businesses.

Advanced Studies and Training Centre creates highly structured customized learning programs that engage people, They help build success and inspire people to envision and achieve shared goals. 

Advanced Studies and Training Centre provides trainings and development programs in a variety of fields.

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Accounting, Finance and Banking Related Questions

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