3 modules
360 GBP
Lecturer
Fixed cost for each module. Discount for booking all modules.
10 years of experience in teaching and analyzing financial management in oil and gas companies
Online
You can study from anywhere in the world.
AUDIENCE
Employees of financial departments of oil and gas companies
Business owners
Analysts
TRAINING OBJECTIVES:
Familiarization with the best practices of compiling financial statements andreconciliation of mutual settlements.
The importance of a positive balancesheet and the measures necessary to ensure the reliability of the data
Accounting for the cost of work performed, the reflection of prepaymentsand the acknowledgment of expenses
The importance of accurate and timely accounting
PROGRAMME
Module 1. 14 March
Examples of oil companies’ statements using the basic forms of financial (accounting) reporting and their presentation under the international standards
•Profit and loss statement
•Balance sheet
•Statement of cash flows
• Accounting and the principle of double-entry, the structure of accountingrecords, and accounting operations
• Accrual and cash accounting methods, recording accruals and prepayments, accounting period
•Express analysis of financial statements
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
•Profit and loss statement
•Balance sheet
•Statement of cash flows
• Accounting and the principle of double-entry, the structure of accountingrecords, and accounting operations
• Accrual and cash accounting methods, recording accruals and prepayments, accounting period
•Express analysis of financial statements
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
Module 2. 16 March
Financial analysis of financial (accounting) statements under IFRS using the examples of oil companies’ reports
Analysis of financial ratios relevant to managers
• Indicators of business activity. Profitability and turnover of non-currentand current assets
• Analysis of inventories accounts receivable and accounts payable. Financial and operating cycle.
Analysis of financial ratios important to creditors
• Liquidity indicators - coverage ratios, instant, and absolute liquidity. Netfloating capital
• Solvency indicators - financial stability and financial leverage. Net assets
• Correlation between the term of assets and the sources of their financing
Analysis of financial ratios relevant to owners
•Indicators of return on investment and capital
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
Analysis of financial ratios relevant to managers
• Indicators of business activity. Profitability and turnover of non-currentand current assets
• Analysis of inventories accounts receivable and accounts payable. Financial and operating cycle.
Analysis of financial ratios important to creditors
• Liquidity indicators - coverage ratios, instant, and absolute liquidity. Netfloating capital
• Solvency indicators - financial stability and financial leverage. Net assets
• Correlation between the term of assets and the sources of their financing
Analysis of financial ratios relevant to owners
•Indicators of return on investment and capital
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
Module 3. 18 March
Reconciliation of the balance sheet
• The role of balance sheet reconciliation at the close of the reporting period
•Key elements to focus on
•Improvement of the balance reconciliation process
Introduction to the concept of reconciliation of mutual accounts
•What is a reconciliation of mutual accounts?
•Why is it necessary to reconcile accounts?
•The process of reconciling mutual accounts
In-depth analysis of the balance sheet reconciliation process
•Bank reconciliation - inventory, discrepancies, errors in the cash book
• Reconciliation of accounts receivable - accruals, advances, aging, baddebts
• Reconciliation of accounts payable - reconciliation of suppliers, prepaidexpenses, paid advances, accrued liabilities
•Reconciliation of payroll
•Inventory of stocks
•Inventory of fixed assets
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
• The role of balance sheet reconciliation at the close of the reporting period
•Key elements to focus on
•Improvement of the balance reconciliation process
Introduction to the concept of reconciliation of mutual accounts
•What is a reconciliation of mutual accounts?
•Why is it necessary to reconcile accounts?
•The process of reconciling mutual accounts
In-depth analysis of the balance sheet reconciliation process
•Bank reconciliation - inventory, discrepancies, errors in the cash book
• Reconciliation of accounts receivable - accruals, advances, aging, baddebts
• Reconciliation of accounts payable - reconciliation of suppliers, prepaidexpenses, paid advances, accrued liabilities
•Reconciliation of payroll
•Inventory of stocks
•Inventory of fixed assets
Analysis of oil and gas industry financial reporting case studies (drawn from the lecturer’s personal experience).
LECTURER
ALLA UVAROVA
Ph.D. in Economics
Alla Uvarova graduated from the Financial University under the Government of the Russian Federation and the Higher School of International Business (MBA degree).
25 years of experience in the field of finance, including 8 years as CFO of leading Russian companies. Director of the Alpha Business School (Moscow) specializing in financial management.
10 years of experience in teaching and analyzing financial management in oil and gas companies. Customers include Gazprom, Gazpromneft, Rosneft, Transneft, Lukoil, Shell, Dragon Oil
25 years of experience in the field of finance, including 8 years as CFO of leading Russian companies. Director of the Alpha Business School (Moscow) specializing in financial management.
10 years of experience in teaching and analyzing financial management in oil and gas companies. Customers include Gazprom, Gazpromneft, Rosneft, Transneft, Lukoil, Shell, Dragon Oil
360 GBP
PARTICIPATION CONDITIONS
Стоимость обучения
12% discount
Discount for booking all modules.
Fixed cost for each module.
REGISTRATION
All fields are required.
All fields are required.
