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The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry

An Interactive 10-Day Training Course

The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry

Essential Guide to IFRS and Risk Management

NASBA
Classroom Schedule
Date Venue Fees
31 Aug - 11 Sep 2026 London $ 11,900
02 - 13 Nov 2026 Dubai $ 11,900

Course Summary

This comprehensive training course provides delegates with the essential knowledge and skills to manage treasury operations effectively and improve liquidity, investment returns, international cash flow, and risk management within the oil and gas sector. Participants develop a deep understanding of International Financial Reporting Standards (IFRS) and learn how to prepare, analyse, and evaluate financial reports to enhance decision-making and organisational performance. The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course equips professionals with the confidence to align treasury oversight with financial reporting, enabling strategic decision-making under complex financial conditions.

Over ten days, participants explore global best practices in cash and liquidity management, capital investment appraisal, risk strategy, and sector-specific IFRS applications. Emphasis is placed on integrating treasury functions with rigorous risk frameworks and financial reporting that align with organisational goals and stakeholder expectations. Through practical insights and structured modules, delegates enhance their capability to support corporate resilience, governance, and long-term financial sustainability. The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course is designed for professionals navigating the complexities of financial operations in today’s competitive oil and gas environment.

Skills & Competencies

From this 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course, participants will develop the following key skills and competencies:

  • Treasury cash and liquidity optimisation
  • Financial risk identification and mitigation
  • Strategic capital investment evaluation
  • IFRS-based financial reporting analysis
  • Commodity and currency risk management
  • Corporate governance and audit readiness

Modules

This training course is split into the following modules:

Module I - Treasury and Risk Management

Module II - IFRS for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)

Key Learning Outcomes

At the end of The 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course, you will learn to:

  • Manage cash, liquidity, and working capital to improve financial performance.
  • Determine and implement effective corporate risk management strategies.
  • Recommend hedging and risk mitigation decisions aligned with strategic objectives.
  • Apply key International Financial Reporting Standards (IFRS) relevant to the oil and gas industry.
  • Analyse financial reports to enhance decision-making and performance evaluation.

How You Will Learn

Participants will engage in structured modules covering treasury and risk management alongside IFRS applications for the oil and gas sector. The training course uses practical examples, industry case scenarios, and applied frameworks that enable delegates to develop analytical and decision-making skills relevant to their organisational roles. Emphasis is placed on translating theory into practical tools that strengthen financial reporting, risk assessment, and treasury functions within corporate environments.

Who should Attend?

This training course is designed for professionals involved in financial management, treasury oversight, risk assessment, and financial reporting within complex corporate settings.

This 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course is suitable to a wide range of professionals but will greatly benefit:

  • Finance and treasury professionals
  • Risk managers and analysts
  • Accounting and reporting specialists
  • Oil and gas industry financial decision-makers
  • Professionals responsible for corporate governance and compliance

 

Course Outline

Module I: Treasury and Risk Management

Day 1

The Role of Treasury Management – An Overview

This day introduces the scope and critical importance of treasury management within organisations. Participants explore core treasury functions including liquidity, working capital and finance management. The topics covered will include:   

  • The Role & Scope of Treasury Management
  • Operation & Location of a Treasury Department – Cost or Profit Centre, Centralised or Decentralised
  • Cash & Liquidity Management
  • Working Capital Management
  • Capital / Finance Management
  • Risk Management
Day 2

Cash & Liquidity Management – A Detailed Analysis

This day focuses on cash forecasting, investment of surplus funds, and techniques for managing cash operations to optimise returns and financial stability. The topics covered will include:   

  • Cash Forecasts: Role & Preparation
  • Investment of Cash Surpluses to Maximize Return
  • Meeting Cash Calls and Short-Term Cash Shortages / Short Term Finance
  • Working Capital Management – Determining the Optimum Level
  • Multi-national & Group Cash Management
  • Cash Budgets: Process & Control
Day 3

Financing and Capital Management

This day examines strategic financing options, capital structure optimisation and capital investment appraisal tools to support long-term objectives. The topics covered will include:   

  • Strategic Objectives: Consolidation, Growth, M & A, Joint Ventures, Diversification, etc.
  • Financing Strategic Objectives / Long Term Finance (Public & Private Equity v Buyer & Supplier Debt)
  • Optimizing the Capital Structure to Minimize the Cost of Capital (WACC)
  • The Capital Asset Pricing Model (CAPM)
  • Capital Investment Appraisal – NPV, IRR, Payback
  • Capital Rationing: Internal & External
Day 4

Risk Management

This day explores identifying, measuring and responding to financial and non‑financial risks. Participants examine techniques to assess impact and probability and implement risk strategies. The topics covered will include:   

  • Identifying Risks and Uncertainties – Internal & External, Financial & Non-Financial
  • Measuring Risk – Volatility, Variance, Standard Deviation, Probability, Value at Risk
  • Determining the Risk Management Strategy – Assessing Impact and Probability
  • The 4 T’s – Tolerate, Terminate, Transfer, Treat
  • Internal Controls & Internal Auditing
  • Credit & Counterparty Risk Management
Day 5

Currency, Interest Rate & Commodity (Oil Price) Risk Management

This day covers specific financial risk types including currency, interest rate and commodity price risk, and tools used to manage them such as derivatives. The topics covered will include:

  • Forward Contracts and Forward Rate Agreements
  • Options – Calls & Puts, European & American
  • Futures – Market Correlation, Margin Payments, etc.
  • Swaps – Currency & Interest Rate Risk and Benefits
  • Foreign Currency Accounts other Internal Methods / Tactics
  • Foreign Currency Borrowing

Module II: IFRS for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream)

Day 6

Major Accounting Issues facing the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream) and the Role of IFRS

This day examines the major accounting challenges facing the oil & gas industry and the strategic importance of IFRS adoption. Participants explore sustainability disclosure standards, IFRS 18 developments and the impact of economic and geopolitical factors on reporting. The topics covered will include:

  • The Latest Accounting Issues facing the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream) including IFRS S1 & S2 Sustainability Disclosure Standards and IFRS 18 Presentation & Disclosures in Financial Statements issued in 2024 and takes effect 1 January 2027
  • The Impact of Commodity Prices, Currency & Interest Rate Fluctuations and Political and Environmental Developments
  • The Impact on Strategic Development and Growth within the Industry
  • Establishing the Case for IFRS
  • An Overview of IFRS in relation to the Oil & Gas Industry
  • The Annual Reports & Financial Statements of Leading International Petroleum Companies
Day 7

Accounting for Assets in the Oil & Gas and Petrochemical Industry (Upstream, Midstream & Downstream)

This day focuses on asset recognition, valuation and impairment in oil & gas operations. It covers key IFRS standards relevant to exploration, production and reserve reporting. The topics covered will include:

  • IAS 16: Property, Plant and Equipment and Depletion, Depreciation & Amortisation (“DD&A”)
  • IAS 36: Impairment of Assets
  • IFRS 6: Exploration for and Evaluation of Mineral Assets and the Accounting Approaches
  • IFRS 13: Fair Value Measurement
  • IAS 2 Inventories
  • Reserve Reporting
Day 8

Accounting for Business Combinations, Joint Ventures & Production Sharing Agreements (“PSA”s)

This day addresses complex group structures, consolidation and joint arrangements common in the sector. It also explores production sharing agreements and profit allocation mechanisms. The topics covered will include:

  • IFRS 3: Business Combinations
  • IFRS 10: Consolidated Financial Statements
  • IAS 38: Intangible Assets
  • IFRS 12: Disclosure of Interests on Other Entities
  • IFRS 11: Joint Arrangements
  • Break Even Oil, Cost Oil & Profit Oil
Day 9

Accounting for Cash Flow & Financial Instruments in the Oil & Gas and Petrochemical Industry (upstream, midstream & downstream)

This day examines treasury management, derivatives and financial instrument disclosures. Participants evaluate risk management practices and cash flow reporting in multinational oil & gas companies. The topics covered will include:

  • IAS 7 Statement of Cash Flows
  • The Use of Derivatives in the Oil & Gas & Petrochemical Sector to Manage the Commodity, Currency and Interest-rate Risks, etc.
  • Treasury Management Issues for Multi-nationals
  • IFRS 7 Financial Instruments: Disclosures
  • IFRS 9 Financial Instruments
  • Evaluating the Cash Flow & Use of Financial Instruments by Leading International Oil & Gas and Petrochemical Companies
Day 10

Creative Accounting and Corporate Governance

This day explores ethical reporting, governance frameworks and audit responsibilities within the oil & gas sector. It highlights the importance of transparency, board oversight and internal controls. The topics covered will include:

  • Creative Accounting
  • Enron and Investor Protection
  • Corporate Governance
  • The Role of the Board & Audit Committee
  • External Auditing - reporting to investors
  • Internal Auditing - Defining and Developing the Internal Audit Process
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

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NASBA

Customisation & In-House Delivery

Delivering this in-house training course enables organisations to focus on specific financial structures, reporting practices, and risk factors relevant to their industry segment. Customisation ensures teams tackle real operational challenges, strengthening financial reporting accuracy, treasury optimisation, and risk management strategies within organisational context.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this 10-Day International Financial Reporting & Treasury Risk Management for the Oil & Gas Industry training course:

  • Stronger treasury and liquidity performance
  • Enhanced capacity to mitigate financial risk
  • Improved financial reporting and compliance
  • Greater ability to align decisions with strategic objectives
  • Strengthened corporate governance and stakeholder confidence
  • Increased analytical capability for complex financial environments

 

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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