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Planning and Budgeting in Oil and Gas Industry: Who Should Attend

This 3-day training course covers planning and budgeting in the oil and gas industry. It is aimed at finance managers and technical/economics specialists involved in budgeting. Participants will learn key budgeting definitions and processes, how to develop budgets based on responsibility centers, and skills in budget analysis and interpretation. The training uses an interactive format with case studies. Certificates will be provided upon completion.

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Soko Jean
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199 views2 pages

Planning and Budgeting in Oil and Gas Industry: Who Should Attend

This 3-day training course covers planning and budgeting in the oil and gas industry. It is aimed at finance managers and technical/economics specialists involved in budgeting. Participants will learn key budgeting definitions and processes, how to develop budgets based on responsibility centers, and skills in budget analysis and interpretation. The training uses an interactive format with case studies. Certificates will be provided upon completion.

Uploaded by

Soko Jean
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Planning and Budgeting

in Oil and Gas Industry


Who should attend
 Finance managers of oil and gas companies
 Technical and economics specialists engaged in the budgeting process.

Duration Objectives
3 days / 24 academic
 To familiarize with the key definitions and types of budgets
hours / 18 CPD units /
21 CPE credits  To get knowledge about budgeting based on responsibility centers in oil and gas
companies
 To learn to develop budget aimed at achieving the company’s goals
 To get skills in budget analysis and interpretation of its results.

Training methodology
 Training is conducted in an interactive form and includes a number
of case studies.
 Training participants are provided with specially designed training materials
in Russian.
Planning and Budgeting in Oil and Gas Industry 2

Training outline Certificates


Certificates of the EY Academy of Business.
Day 1
 Definition and major functions of budgeting Place and time
 Definition of master budget and department Open trainings are conducted at the EY Academy
budgets of Business from 9:30 to 16:30.
 Types of budgeting processes:
In-company training
 Incremental budgeting
 Preliminary analysis of clients’ training needs,
 Zero-base budgeting identification of aims and goals
 Rolling budgeting  Industry specifics adaptation of training
Case study: development of different types  Flexible approach to training location
of simple budgets and schedules
 Definition of responsibility centers and budgeting  Report on the training results on request.
by responsibility centers
Recommended training scheme
Day 2
 Introduction to the Oil and Gas industry
Case study: definition of responsibility centers
of oil and gas company  Basics of Oil and Gas economics
 Consolidation of budgets based on responsibility  Investment projects evaluation in the Oil and Gas
centers into the consolidated budget Industry
Case study: budgets consolidation  Risks assessment of investment projects
in the Oil and Gas industry
 Traditional budgeting review
and new approaches to budgeting  Accounting in the Oil and Gas Industry
(IFRS/US GAAP)
 Activity-Based Budgeting
 Planning and budgeting in the Oil and Gas
 Major documents regulating the budgeting
industry
process (elective)
 Steps of budget development
 Target budgeting

Day 3
Case study: company’s performance analysis
and goal setting for the budgeting period
 Net Back Price and its application in budgeting
Case study: budget development
for oil and gas company
 Budget control. Flexible budgets technique
Case study: budget deviations analysis
 Multi level flexible budget and its application,
budget control
Case study: analysis technique based
on multilevel flexible budget.

How to apply?
Please complete registration form online
at our web site: http://bit.ly/2ePIADJ

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