Training Details
The oil industry: a technical discussion directed to non-technical people.
Financial reports: their nature, types, functions, principles of preparation, and presentation methods.
Professional standards and developments in adequate disclosure in financial reports.
_ Special professional problems in preparing and reading financial reports in the oil sector:
Addressing capital costs and depletion problems.
Distribution of joint costs between crude oil Crude Oil and Gas Units Produced Using BTLL Rates.
Quality by standards API and fair value determination tasks.
- The cost of catalysts, the cost of additives and chemicals, and the impact of standard fuel pricing on the costs of oil derivatives and operating economics.
- Treatment of dry and abandoned wells and the effect of applying the theory of successful efforts.
- Problems of financial planning and benefiting from the supervisory aspect of the planning budget.
Analysis and criticism of financial reports:
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- For the purposes of reporting on liquidity and financial ease.
- For the purposes of reporting on profitability and level of activity.
- For purposes of reporting on the robustness of the financing structure.
Practice problems, and suggestions for solutions.
_Workshops and display cases.