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OVERVIEW -------------------------------------------------------------------------------- It will provide the necessary skills to develop efficient strategic planning, forecasting and budgeting processes. The main aim of the training is to enable the participants to understand the framework that builds strategies for annual budgets targeting efficient management and organisational performance. Our course will explain financial terms and budgeting tools in such a way that a financial professional or even a non-financial profession will be able to understand and relate to them in their working environment. It will include a lot of examples, a budgeting format and case studies.
OVERVIEW -------------------------------------------------------------------------------- Budgeting is the core activity of financial management used to make organisations effective and efficient in service delivery. Organisations deliberately strengthen their acts of budgeting, as part of their financial management, in order to enhance their effectiveness. This course has been designed to educate participants on how to prepare and use budgets in their organisations.
OVERVIEW -------------------------------------------------------------------------------- This course will define the scope of work, project goal, project plan, project phase, sequencing and phase relationship Project Planning & Budgeting will provide participants with a demonstrated set of methods, processes, tools and techniques to cultivate a systematic and dynamic project plan to certify progressive monitoring control and reporting of the project cost.
OVERVIEW -------------------------------------------------------------------------------- This course in Public Sector Accounting and Budgeting training seminar is designed to provide a comprehensive briefing on the fundamental principles and key functions in the continuously developing sphere of public sector finance. Non-financial public sector employees and managers are regularly required to both provide input to the budget process and respond to information presented in departmental financial reports.
OVERVIEW -------------------------------------------------------------------------------- This course is designed to evaluate the financial statement, budget and making an effective decision. It will help to understand Discounted Cash Flow and its techniques, applications of financial statements and decision-making process. In this programme, you will challenge representatives to learn how to make use of financial statements to assess the strategic or financial performance of an organization. It will help to understand DCF Discounted Cash Flow techniques along with their apps for financial making decisions and making use of ratios in order to identify the major areas of concern. Find out the elements like weaker financial signals, major success factors, and robust financial signals within your own industry. It Projects future performance assuredly through real-world budgeting.
Exploration & Production (E&P) Cost Control, Budgeting & Cost Estimation
By Asia Edge
ABOUT THIS TRAINING COURSE This 3-day training will provide a comprehensive understanding on the nature of costs and cost drivers in the E&P industry providing in-depth understanding on the budgeting process, proactive management, effective control and optimization of costs together with focused and relevant performance reporting. Training Objectives After the completion of this training course, participants will learn: * Understand the nature of costs and cost drivers in the E&P industry through the Field Life Cycle * Purpose of the Budget. Planning and Budgeting models. The Strategic and Medium-term plan * Using budgets to make effective decisions. Prepare and understand costs in planning, budgeting & forecasting processes e.g. fixed / variable, capex / opex and routine / non-routine. * Cost Accounting. Importance of timely cost capture and accurate recording e.g. VOWD / accruals, consistency of coding and clarity on accountability * Strategic solutions in delivering cost optimization - 'do more for less' * Management of costs in PSC and JV environments. Avoiding cost leakage and ensuring audit preparedness * Cost Control Framework - budgets, AFEs, progress reports and variance analysis. Understanding key components and ensuring seamless interaction * Cost Performance Reporting - use of KPI's, variance analysis and trend analysis. Tracking and monitoring cost optimization initiatives and targets Target Audience This training course is suitable and will greatly benefit the following specific groups: * Finance staff with accounting and financial management responsibilities * Those responsible for devising budgets, managing and controlling budgets * Professionals engaged in planning, budgeting and management reporting * Finance & Audit staff engaged on cost and financial controls * Business unit managers and personnel whose responsibilities include cost management, controlling budgets and performance reporting Course Level * Basic or Foundation Training Methods The training instructor relies on a highly interactive training method to enhance the learning process. This method ensures that all participants gain a complete understanding of all the topics covered. The training environment is highly stimulating, challenging, and effective because the participants will learn by case studies which will allow them to apply the material taught in their own organization. Course Duration: 3 days in total (21 hours). Training Schedule 0830 - Registration 0900 - Start of training 1030 - Morning Break 1045 - Training recommences 1230 - Lunch Break 1330 - Training recommences 1515 - Evening break 1530 - Training recommences 1700 - End of Training The maximum number of participants allowed for this training course is 25. This course is also available through our Virtual Instructor Led Training (VILT) format. Trainer Your expert course leader has more than 30 years of experience in the international oil and gas industry, covering all areas of Finance and Audit, including involvement in Commercial roles. During her 19 years with ENI she worked in Italy, Netherlands, Egypt and UK and was CFO for 2 major ENI subsidiaries. She has delivered training courses in Accounting, Audit, Economics and Commercial topics in many Countries. She has a Degree in Economics & Accounting and is a Certified Chartered Accountant. She is also a Chartered Auditor and an International Petroleum Negotiator. Outside of work, she is inspired by the beauty of nature and art, helping disadvantaged people, sports (football, golf) and her cat. Courses Delivered Internationally: * E&P Accounting, Auditing in the Oil & Gas Industry * Cost Control & Budgeting * Introduction to the Oil & Gas Industry * Petroleum Project Economics * Contracts Strategy * International O&G Exploitation Contracts POST TRAINING COACHING SUPPORT (OPTIONAL) To further optimise your learning experience from our courses, we also offer individualized 'One to One' coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Request for further information post training support and fees applicable Accreditions And Affliations
OVERVIEW -------------------------------------------------------------------------------- This course in Public Sector Accounting and Budgeting training seminar is designed to provide a comprehensive briefing on the fundamental principles and key functions in the continuously developing sphere of public sector finance. Non-financial public sector employees and managers are regularly required to both provide input to the budget process and respond to information presented in departmental financial reports.
Budgeting and control (In-House)
By The In House Training Company
Budgeting is more than mere vague oversight. Budgeting should deliver the corporate strategy, add shareholder value and lead to a well-run business - for the benefit of all involved in it. Effective budgeting leads to real control - effective day-to-day operational control and more. This course demonstrates what proper budgeting and operational control can do. This course will help ensure that participants: * Appreciate the importance of the budgeting process * Take ownership of it * Use it as a daily working tool - not an annual exercise - to help run their part of the operation * Improve their reporting against budget * Ensure their delivery against budget 1 OBJECTIVES OF BUDGETS * The budget process * Stages - what is the prime aim of a budget? * What is forecasting? * Objectives * Planning * Implementation 2 BUDGET AND COST CONTROL FOCUS * Choosing objectives * Links with corporate strategy * Links with resource management * Can the accounting systems cope? 3 TRADITIONAL BUDGETING AND CONTROL * Benefits and drawbacks * The process * Control and feedback * Reporting - what can be expected? 4 ADVANCED BUDGETING AND CONTROL * Understanding the business process * Taking out costs * Cost awareness * ZBB - as valid as ever 5 REPORTS * Reports for action * The purpose of a report * Content - deliverables and feedback * Culture is so important
OVERVIEW -------------------------------------------------------------------------------- With the major responsibility of managing finances, managers have also responsibilities to write and control budgets. They face a number of decisions that need planning and forecasting, especially preparing budgets. Using examples and exercises from the gas and oil industry, this course is designed to break down all sorts of financial restrictions in an informative yet engaging style. It will provide the necessary skills to develop efficient strategic planning, forecasting and budgeting processes. The main aim of the training is to enable the participants to understand the framework that builds strategies for annual budgets targeting efficient management and organisational performance. Our course will explain financial terms and budgeting tools in such a way that a financial professional or even a non-financial profession will be able to understand and relate to in their working environment. It will include a lot of examples, a budgeting format and case studies.
