The Complete Course of Finance for the Oil and Gas Industry
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The Complete Course of Finance for the Oil and Gas Industry Course
Introduction:
The Complete Course of Finance for the Oil and Gas Industry training course provides the essential financial knowledge and skills to enable delegates to successfully recommend appropriate methods of finance and to prepare, understand and evaluate financial accounts for the Oil & Gas industry. It focuses on the finance and accounting issues specifically affecting the industry including: IFRS 6 Exploration for and Evaluation of Mineral Assets, Accounting Approaches, The “Successful Efforts” and “Full Cost” (FC) Method, Accounting for Reserves, Resources & Assets.
Course Objectives:
At the end of The Complete Course of Finance for the Oil and Gas Industry,, you should be able to:
- Describe the oil and gas industry as defined for the purposes of this course;
- Describe financial management in the oil and gas industry in terms of the three
- Major decision-making areas that confront the financial manager, namely:
-the investment decision
-the financing decision
-the dividend decision
- Describe the purpose and make-up of the financial markets and how oil companies use them;
- Recommend appropriate methods of financing capital projects
- Evaluate capital investment proposals
- Prepare financial statements in line with International Financial Reporting Standards
- Evaluate financial statements to identify and recommend improvements within their own organization
- Describe the financial instruments that oil companies can use on the capital markets;
- Understand the underlying principles of finance;
- Understand how and when to use the tools of financial arithmetic; and
- Understand how these concepts and tools are applied in making financial decisions
Who Should Attend?
The Complete Course of Finance for the Oil and Gas Industry, is ideal for :
- Accountants & Finance professionals responsible for fincial accounting, treasury, budget preparation and management reporting.
- Bankers and Professionals who work in Energy Lending
- Those responsible for raising and managing finance
- Those responsible for making or contributing to capital decisions
- Professionals who require a more in-depth understanding of finance and accounting
- Line heads with direct finance and accounting responsibility
- Those responsible for making decisions based on finance budgets
Course Outlines:
Introduction and the Tools of Finance
- Introduction
- Defining the Industry
- An Overview of the Course
- Financial Decision Making in the Oil and Gas Industry
- The Financial System
- A Review of the Tools of Finance
- Learning Summary
Governance and Agency Issues
- Introduction
- External and Internal Governance of Group Activities
- Trust: A Fundamental Requirement in Economic Relations
- The Domains of Corporate Governance
- Agency Issues in the Oil and Gas Industry
- Learning Summary
Interest Rates
- Introduction
- Interest Rate Risk
- The Term Structure of Interest Rates 3.4 Analyzing Yield Curve Behavior
- The Money Markets
- Term Instruments
- Types of Debt Security
- Learning Summary
Company Valuation
- Introduction
- Why Firms Merge
- Valuation Methods
- Estimating the Opportunity Cost of Capital
- Estimating the Cash Flow
- Estimating the ‘Exit Price’ or Terminal Value Nance for the Oil and Gas Industry
- Calculating the Net Present Value
- Valuing Growth Opportunities
International Finance
- Introduction
- Foreign Exchange Rate Risk
- Foreign Exchange Exposure
- Differences between Foreign Investment and Domestic Investment
- Financing Sources for the Multinational Oil Company
- Learning Summary
Equity and Commodity
- Equity Market Risk
- Commodity Price Risk
- Learning Summary
Capital Structure
- Introduction
- Capital Structure
- Capital Structure and Financial Distress
- Learning Summary
Project Finance
- Agency Costs in Financial Distress
