Oil and Gas Financial Reporting and KPI Mastery
Introduction
This intensive five-day KELeaders training programme delivers essential knowledge and skills in financial reporting, accounting practices, and key performance measurement in the Oil & Gas Exploration & Production (E\&P) sector. Participants will develop the ability to prepare, analyse, and interpret financial statements in line with IFRS and industry best practices, while mastering KPIs for performance benchmarking.
Key Learning Outcomes
By the end of this course, participants will be able to:
* Apply relevant accounting standards and policies in the E\&P sector
* Interpret and prepare financial reports that meet international and national requirements
* Understand the financial impact of Production Sharing Contracts (PSCs) and Joint Venture agreements
* Implement best practices for asset classification, depreciation, and impairment testing
* Analyse and benchmark company performance using KPIs and market data
* Identify governance, ethics, and audit requirements affecting oil and gas financial reporting
Target Audience
This programme is ideal for:
* Finance and accounting professionals in the oil & gas sector
* Auditors and financial controllers
* Analysts and investment professionals focused on energy markets
* Managers involved in Joint Ventures, PSCs, or financial risk management
* Professionals seeking a stronger grasp of oil and gas financial reporting principles
Course Modules
Day 1 – The Oil & Gas Sector and Major Accounting Issues
* Sector overview and macroeconomic influences
* Cost structures across exploration, development, and production
* Successful Efforts (SE) vs. Full Cost (FC) accounting methods
* IFRS applications: IFRS 1, 6, 10, 11; IAS 16, 36, 37, 38; IFRS 9
Day 2 – Performance Evaluation and Policy Review
* Analysis of income statements, balance sheets, and cash flows
* KPI and ratio analysis using BP, Chevron, Shell, and SABIC
* DuPont model for ROE improvement
* Share price and investment performance assessment
Day 3 – Accounting for Upstream Activities
* Reserves and resources reporting
* Exploration and evaluation accounting under IFRS
* Revenue recognition and asset valuation
* DD\&A and impairment testing
Day 4 – Joint Arrangements, Financial Instruments, and Risk Management
* Business combinations and PSC accounting
* Treasury management for global oil & gas firms
* Hedging and derivatives for commodity, currency, and interest rate risks
Day 5 – Corporate Governance, Ethics, and Creative Accounting
* Case studies on creative accounting (e.g., Enron)
* Auditor’s role, internal audits, and compliance (Sarbanes-Oxley)
* Ethical practices and corporate governance frameworks
* Investor confidence and market impact
Training Methodology
KELeaders employs an interactive learning approach combining:
* Expert-led presentations
* Group discussions and case studies
* Worked examples and practical exercises
* Real-world financial statement reviews
* Live data integration from global stock exchanges
Certification
Upon successful completion, participants will receive the **KELeaders Certificate in Oil and Gas Financial Reporting and KPI Mastery**, recognising their achievement and readiness to apply best practices in the industry.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
