Accounting and Information System in Oil Industry

Why Attend

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.

This course 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.

Course Objectives

By the end of the course, participants will be able to:

This course 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: