Oil & Gas Accounting & Performance Measurement Course

Course Category : Oil & Gas Management

A specialised programme designed to strengthen financial and management accounting capabilities in the oil and gas sector by integrating reporting standards, performance measurement, and value-based decision-making across upstream operations.
Duration: 10 Days
Level: Intermediate to Advanced

Introduction

Accounting within the oil and gas industry is uniquely complex due to capital-intensive investments, long asset life cycles, price volatility, and diverse contractual and regulatory frameworks. Performance measurement in this sector requires an advanced understanding of financial reporting standards, valuation techniques, and the integration of financial results with operational performance.
This course provides participants with a comprehensive understanding of upstream oil and gas accounting, focusing on financial reporting policies, performance measurement frameworks, and financial analysis to support transparency, accountability, and informed decision-making..

Targeted Audience

Corporate and Management Accountants
Financial Controllers and Treasury Officers
Finance Professionals in Accounting Functions
Joint Venture Accountants
Internal and External Auditors
Government Regulators and Auditors
Financial and Investment Analysts
Financial Reporting Specialists

Targeted Skills

Applying accounting standards in E&P activities
Analysing oil and gas financial statements
Linking performance measurement to strategy
Evaluating upstream assets and liabilities
Accounting for joint ventures and PSAs
Enhancing financial transparency and accountability

Expected Outcomes

Interpret accounting standards applied in the oil and gas industry.
Distinguish between full cost and successful efforts methods.
Analyse financial implications of production sharing agreements.
Evaluate oil and gas assets and impairment testing.
Measure financial performance using advanced indicators.
Analyse financial statements of international oil and gas companies.
Support financial decision-making in high-risk environments.

Training Topics Index

Investor reporting requirements
Capital markets perspective
Taxation and royalties
Regulatory oversight
Financial transparency

Reporting implications
Transition challenges
PSC accounting impact
Share price implications
Advanced disclosures

Capital funding strategies
IFRS capitalisation rules
Capital maintenance
Financing sources
Cash flow management

Exploration and development costs
Reserves and resources classification
Product valuation
Asset impairment
Tax and royalty accounting

Joint venture accounting
GAAP vs IFRS comparison
Business combinations
Currency translation
Accounting diversity

Financial analysis tools
Total cost analysis
Successful efforts method
Decommissioning obligations
Performance interpretation

External audit role
Auditor’s opinion
Sarbanes-Oxley compliance
Internal audit importance
Risk assurance

Governance principles
Regulatory compliance
Investor protection
Creative accounting risks
Market confidence

External financing sources
Financial market mechanisms
Investment decision criteria
Role of intermediaries
Project lead times

Financial analysis of leading companies
DuPont ratio application
Market performance indicators
Share price valuation
Applied market insights

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code