Course in Financial Accounting in Oil and Gas Companies


Course in financial accounting in oil and gas companies provides the participants with  the enough experience of management accounting issues petroleum ,oil extraction and natural gas companies.

Financial accounting is one accountancy branches, concerning with historical and accounting information about the financial or performance situation or income statement and cash flow according to accounting measures.

Origins of accounting were taken from Pharaoh and Roman civilizations. Accounting is a record and book-keeping. In the ancient ages, the rich authorized some individuals to manage their agricultural and economic materials, provided that the individuals recoded imports and expenses and issued bill, declaring how to manage these materials. The invention of Arabs for the little number is mark of developing accountancy via ages. Generally, the accountancy objectives are to provide the enough financial information.

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:

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

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

  • Define the activity of economic unite through a specific period whether profit or lose.
  • Recognize net accounting of financial flows for oil companies,
  • Record all processes of 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 definition and its history and importance.
  • Strategies of accounting and management.
  • Oil companies and the way of management.
  • 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