Accounting and Information System in Oil Industry


Accounting is a business language, studying measure, communication, and explanation for all financial activities by listing, categorizing and summarizing financial processes and financial disclosure by financial statements expressing a specific period. It expresses used financial information from directors, investor, tax agencies and decision makers to distribute materials to institutions and governments. Concept of accounting appeared in   Pharaoh, Romani and Greek. Accounting was record-keeping.

In ancient ages, the rich authorized some individuals to manage their agricultural and economic materials and record all materials and expenses with issuing a balance sheet reviewing the method of management of materials. An information system is an integral part of accounting for developing oil sectors.

The British Academy for Training and Development provides a course entitled "Accounting and Information System in Oil Industry", which provides participants with a good understanding of the accounting requirements for major oil and gas operations in terms of presentation of results in financial statements and accounting procedures between operators and non-operators in joint ventures.

The increased environmental contamination generally and the oil contamination particularly constitute a concern for the contemporary society as the problem of environmental damages and its aggravation are hindering the economic development. In addition, the oil is one of the most dangerous and significant sectors that effecting the environment. And it's well known that one gallon of oils leakage in the water can cause contamination of million gallon of water, and it's hard to be controlled. In this regard, it's considered a problem in itself. Therefore, it's necessary to work on providing protection methods in the oil facilities.

Risk management is a process of risk Identification, Measurement, & Assessment, beside the development of strategies for management and reduction of prospective damages. These strategies include risk transfer, prevention, minimization of adverse impacts, and finally the absorption methods of some or all of the obligatory consequences. It can also be defined as Management Activities aimed at controlling risk and exerting maximum efforts and potential to reduce any risks to the acceptable levels.

This course is provided for anyone who wants to acquire significant skills in warehouse and warehouse management, to learn the secrets of logistics in institutions and companies, and to develop the reality of logistics work in enterprises. Supply Chains are networks of independent or semi-autonomous business entities that are jointly responsible for the needs insurance, manufacturing and distribution activities of one or more interrelated products, and can also be defined as a sequence of Delivery of a commodity or service, and start  main raw materials and ends with the final customer.

Objectives and target group

The British Academy for Training and Development offers this course to the following categories:

  • Petroleum Engineers.
  • workers in petroleum facilities security.
  • Workers in the environmental control services.
  • Workers of work quality control in the oil facilities.
  • Directors and owners .
  • Directors and heads of management and accounting departments.
  • All workers in information departments.

After completing the program, participants will be able to master the following topics:

  • Enough experience in management oil companies.
  • Method of management information system and keeping its secret.
  • Record-keeping and auditing in oil companies.
  • Comprehending of the methods followed in protecting the environment from the oil leaks for preserving the society including protecting themselves.
  • Recognizing oil leaks resources and its effects.
  • Recognizing the obstacles that limit the effectiveness of environmental security methods.

Course Content

  • Accounting history and importance.
  • Information system and keeping its secret.
  • Method of management oil companies.
  • The concept of the environmental security.
  • Causes of oil contamination.
  • Resources of oil leaks.
  • The potentials and foundations for the success of protection methods.
  • Examples of some accidents.
  • Establishing and developing the quality of the occupational health and safety management system.
  • Establishing and developing joint arrangements for occupational health and safety management.
  • Establishing and developing risk identification, assessment and control procedures.
  • Evaluate sources of information and data about the work environment in order to identify hazardous tasks and conditions.
  • Analyze the work environment for risk assessment.
  • Methods of risk assessment.
  • Precautions to be taken for avoiding risks.
  • Relationship between risks and the institution policies and procedures.
  • Reasons for assessing risks and taking the necessary precautions.
  • Methods of certification of risk assessment and necessary precautions.
  • Methods of dealing with some risks resulting from corruption.
  • The proper time to take the necessary precautions.
  • Risk assessment categories.
  • Risk assessment field work.

Course Date





Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3800 / Member

Members NO. : 2 - 3
£3040 / Member

Members NO. : + 3
£2470 / Member

Related Course

The Course of Foundations of Gas and Oil Management