Finance and Accounting for Nonfinancial Managers in Oil and Gas

Increase your value to your company by understanding what it takes to improve the bottom line. Learn how your unit contributes to your company’s overall profitability. This workshop will help you understand how the accounting system works and how to interact more effectively with accounting and finance professionals. Learn the risks necessary to help improve profits. Practice the fundamentals of budgeting and decision-making in the financial arena.

Who Should Attend:

Managerial, technical and other professional staff who work with budgets and financial statements and who have limited understanding of accounting and financial statements.

Upon Completion of the Program, Participants will be Able to:

• Understand their annual report

• Analyze and use fundamental financial statements

• Improve their contribution to the value creation process

• More systematically plan and control expenses

Select from These Key Topics to Create Your Own Unique Program:

Accounting Basics - Identify accepted accounting principles, forms of accounting, and elements of the accounting cycle.

Financial Statements - Study and learn the purpose and the proper uses of financial statements through analysis and comparisons.

Accounting Reports - Establish an understanding of the relationship between balance sheets and the income statement, translating them into useful information.

Capital Budgeting - Review and discuss the capital budgeting process with methods of evaluation and look at the impact of qualitative and quantitative factors.

Purchasing - Evaluate the profitability of equipment purchases and other expense decisions.

The workshop will incorporate the company’s most recent financial statements and firm specific information.

The course may be expanded due to a company emphasis. Other topics may include: Accounts Receivable, Shareholders Equity, Sources and Uses of Cash, Ratios and Benchmarking; and Liquidity Management.

Quality programs – offered on-site and adapted for your company. Contact Jim Hoffman at 214.763.9644 or via email at jhoffman@pdi.org. Visit us online at www.pdi.org