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Financial Accounting, Reporting & Business Support in the Oil and Gas Industry

An Interactive 5-Day Training Course

Financial Accounting, Reporting &
Business Support in the Oil and Gas Industry

Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry

NASBA
Classroom Schedule
Date Venue Fees
08 - 12 Jun 2026 London $ 5,950
03 - 07 Aug 2026 Dubai $ 5,950
14 - 18 Sep 2026 Kuala Lumpur $ 5,950
28 Sep - 02 Oct 2026 Dubai $ 5,950
30 Nov - 04 Dec 2026 Dubai $ 5,950
15 - 19 Mar 2027 Kigali $ 5,950
Online Schedule
Date Venue Fees
08 - 12 Jun 2026 Online $ 3,950
30 Nov - 04 Dec 2026 Online $ 3,950

Course Summary

The Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course provides you with the latest financial knowledge and skills through evaluation of strategic issues and challenges facing the sector. Participants explore internationally accepted accounting methods and techniques used in the oil and gas industry for reporting costs, asset values, and profit, while also examining risk management strategies that help manage volatility in oil prices, exchange rates, and interest rates. The training course incorporates project management techniques designed to enhance financial evaluation capabilities in this unique industry.

Delegates also gain insight into the latest International Financial Reporting Standards (IFRS), including sustainability and presentation standards to be enacted, and how these affect financial reporting in the oil and gas context. Emphasis is placed on strategic financial evaluation, joint venture and product sharing agreements, and the practical application of accounting knowledge to support organisational decisions and governance. The Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course equips professionals to interpret financial data and improve performance reporting in high-stakes operational environments.

Skills & Competencies

From this Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course, participants will develop the following key skills and competencies:

  • Oil & gas financial accounting expertise
  • IFRS application and reporting proficiency
  • Financial performance evaluation capability
  • Strategic risk management awareness
  • Project financial planning skills
  • Joint venture financial analysis

Key Learning Outcomes

At the end of Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course, you will learn to:

  • Evaluate long-term strategic issues affecting the oil and gas sector.
  • Analyse financial, economic, and commercial drivers of performance.
  • Apply specialised accounting methods and IFRS in sector reporting.
  • Deliver timely and useful financial information to decision makers.
  • Improve project controls, performance reporting, and governance.

 

How You Will Learn

Learning develops through structured exploration of sector-specific accounting practices, financial reporting standards, and risk management approaches. Participants examine real industry challenges, interpret financial statements and evaluations, and apply project management techniques relevant to the oil and gas context. Emphasis is placed on translating accounting frameworks into practical tools that support stronger performance and organisational decision-making.

Who should Attend?

This training course is designed for professionals seeking deeper financial expertise specific to the oil and gas industry and those responsible for financial reporting, planning, and business support.

This Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course is suitable to a wide range of professionals but will greatly benefit:

  • Accountants and finance professionals in oil & gas
  • Financial planners and cost analysts
  • Line/unit heads with planning responsibility
  • Project controllers and business support staff
  • Non-technical professionals requiring financial acumen
Course Outline
Day 1

Introduction to Financial Accounting in Oil and Gas Industry

This day introduces the nature of the oil and gas sector and explains foundational accounting and reporting principles relevant to the industry. Participants explore current industry challenges and emerging financial reporting standards. The topics covered will include:   

  • Nature & Features of the Oil & Gas Sector
  • The Latest Issues Facing the Oil and Gas Industry
  • The Principles of Oil and Gas Financial Accounting and Reporting
  • International Financial Reporting Standards (IFRS) for Oil and Gas Companies latest IFRS relating to Sustainability and Presentation to be enacted January 2027
  • The Roles & Responsibilities of the Finance Professional
Day 2

Methods and Techniques of Accounting in Oil and Gas

This day focuses on accounting methods applied to revenue, costs, assets, and reserves in the oil and gas context, with reference to relevant IFRS standards. The topics covered will include:

  • Accounting for Revenue
  • Accounting for Costs (Acquisition, Exploration, Development & Production) and IFRS 6
  • Accounting for Assets: IAS 2, IAS16
  • Accounting for Impairment of Assets: IAS36
  • Accounting for Resources & Reserves & IFRS 6
Day 3

Evaluating Financial Statements & Reports of Oil and Gas Companies

This day develops skills for analysing financial statements and evaluating performance using ratio analysis and benchmarking techniques. The topics covered will include:   

  • Financial Statements of leading Oil & Gas Companies
  • Ratio Analysis and the Evaluation of Financial Performance
  • Evaluation the Assets & Reserves of Oil & Gas Companies 
  • Comparative Analysis & Benchmarking
  • Evaluating the Strategic Outlook of leading Oil & Gas Companies
Day 4

Evaluating New Project Development

This day addresses financial planning and investment appraisal techniques for new projects, including capital investment evaluation and joint venture analysis. The topics covered will include:   

  • Efficient Planning, Stability and Growth
  • Financing Growth
  • Evaluating Capital Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
  • Earned Value Management for Oil and Gas
  • Joint Ventures and Product Sharing Agreements 
Day 5

Risk Management & Auditing

This day focuses on identifying and managing financial risks in the oil and gas industry and understanding governance and audit requirements. The topics covered will include:   

  • Understand the Market and Identify the Risks related to Oil & Gas Sector
  • Risk Assessment: Probability & Impact
  • Risk Management Techniques
  • Compliance & Legal Requirements
  • The Board & Audit Committee - roles & responsibilities
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house enables organisations to tailor oil and gas financial accounting and reporting practices to internal policies and sector-specific operational priorities. Customisation supports alignment with strategic objectives and enhances organisational financial governance and decision support.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training course:

  • Greater precision in financial reporting and analysis
  • Improved performance measurement and benchmarking
  • Stronger handling of risk and market volatility
  • Enhanced understanding of joint venture impacts
  • Improved project planning and financial control
  • Elevated confidence in finance-led decision support
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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