Development Training Course on
Financial Accounting, Reporting & Business Support
in the Oil and Gas Industry
Course Schedule
Get your PDF guide and explore all course details.
Why Choose Financial Accounting, Reporting & Business Support in the Oil and Gas Industry Training Course?
This course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives. In addition we will explore project management techniques in this exciting course designed to develop and enhance your skills and knowledge of this unique industry.
This course will feature:
- An analysis of the major Strategic Issues affecting the Oil & Gas Industry
- Key financial accounting methods and techniques
- An analysis of Joint Venture and Product Sharing Agreements
- The latest Risk Management techniques
- The latest Project Management techniques
What are the Goals?
By the end of this course, participants will be able to:
- Evaluate the long term strategic issues facing the Oil and Gas industry
- Analyse the financial, economic and commercial drivers
- Evaluate performance using key financial accounting methods and techniques
- Deliver more timely and useful information to decision makers
- Improve project controls, measurement & performance reporting & overall corporate governance
Who is this Training Course for?
This course is suitable for a wide range of professionals but will greatly benefit:
- Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting
- Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques
- Financial Planners and Cost Analysts
- Line/Unit Heads with direct planning and budgeting responsibility
- Account Personnel and Business Consultants
How will this Training Course be Presented?
This course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.
The Course Content
- The Nature of the Oil & Gas sector
- Current & Future challenges within the sector – a question of Supply & Demand
- The Role of the Finance professional
- Various financial reporting frameworks
- Oil and Gas financial accounting and reporting principles
- International Financial Reporting Standards (IFRS) & International Accounting Standards (IAS) relevant for oil and gas companies
- Specific financial accounting treatment in the Oil & Gas sector
- Accounting for Costs – Acquisition; Exploration; Development & Production
- Accounting for Assets - Asset Recognition; Depreciation Depletion & Amortisation and Asset Retirement
- Accounting for Revenue
- Joint Ventures and Product Sharing Agreements
- Financial Performance, Position and Cash Flow Statements
- Ratio Analysis and Interpretation
- Analysing and Interpreting ‘Energy Specific’ Ratios
- Comparative Analysis & Benchmarking
- Understand the Market and Risks
- Importance and Application of Risk Management
- Hedging using Derivatives
- Developing and Managing Contingencies
- Probabilistic Methodology using Monte Carlo Simulation
- Identify The Business Needs & Developing, Measuring And Reporting KPI’s
- Project Lifecycle and Project Planning/Management
- Probabilistic Methodology Using Monte Carlo Simulation
- Developing and Challenging A Cost Estimate
- Earned Value Management for Oil And Gas
Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
How Saudi Aztech Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
Do you want to learn more about this course?
Register now or contact our team to discuss schedules, delivery formats, and customised options.
Frequently Asked Questions
Common questions about our training courses
Yes, Saudi AZTech collaborates with globally recognized professional bodies to offer accredited training courses. Participants receive certificates that reflect international standards and support their career growth and industry credibility.
You can easily register through our website (aztech.sa) by selecting your preferred course and completing the online registration form. Our support team is also available to assist you with registration, invoicing, and any additional information you may require.
Our training courses are conducted in major cities across the Kingdom, including Riyadh, Jeddah, Dammam, and Al Khobar. We partner with top-tier venues to provide an optimal learning environment that combines comfort, convenience, and professionalism.
Absolutely. We work closely with Saudi-based organizations to develop tailored in-house training solutions that address specific business needs, departmental goals, and workforce development strategies—delivered onsite or at a preferred location
Saudi AZTech offers a wide range of internationally benchmarked training courses across various disciplines including leadership, finance, engineering, project management, HR, and more. All courses are designed to meet the professional development needs of individuals and organizations in Saudi Arabia.
