IFRS for Oil and Gas Companies
Monday, February 23, 2026
Category:Accounting & Finance
3
Days
Dubai
9:00am – 4:00pm
Introduction
Which companies must use IFRS? IFRS stands for international financial reporting standards. IFRS are the collection of accounting and financial rules for the financial statement of public companies. The international standards for finance and accounting are important in Oil and gas companies because they provide transparency, reliability, and consistent operation. Most oil and gas companies operate internationally and they require to follow different regulatory and capital markets with their and competitors who are reporting under IFRS.
This IFRS Solid State Training course will provide whole skillset to become a successful expert in IFRS. The course covers all IFRS aspects of the oil and gas industry in detail, providing the necessary experience and confidence to undertake responsibilities in these areas.
Objectives
This Solid State Training IFRS course for Oil and Gas Companies aims to empower delegates in the following areas:
- Learning of international accounting standards, planning and policies used in Oil and gas sector
- Understanding of financial implications for Oil and gas production contracts
- International and local accounting standards related to oil and gas sector
- Understanding the improved reliability of financial reports for business
- How to utilize publicly information in IFRS for checking the business achievement and performance of oil and gas industry
- Understanding and its application of IFRS for upstream gas and oil sector
- Understanding of diversity in finance and accounting practices in Oil industry
- Understanding hedge accounting related to oil and gas industry
- Understand valuation of tangible assets
- Knowledge of rules related to assets for impairment about IFRS
Training Methodology
IFRS training at Solid State Training is customisable according to the requirement of the training audience. Before every session, the content is reviewed for changes to incorporate. The training is given by an experienced expert from the related domain. Two-way participation in the program aimed using group activities, projects, etc. Experiential learning and situational analysis form an integral part of the training. This mixed, unique approach to the course by Solid State Training is known as Do–Review–Learn–Apply Model.
Organizational Impact
Through this Solid State Training course, the organization will gain from:
- Financial knowledge gain and skills required to read and write IFRS
- Increase of Company’s international financial rating and chances of business due to IFRS
- Understand the significant financial accounting problems in IFRS
- The Company will increase the ability to apply IFRS for organisational requirement
- Aiding Corporate Governance due to IFRS and reducing risk
- Long term improvement in financial statements of organization internationally
Personal Impact
Professionals taking this training course will gain the following benefits:
- Skills, knowledge and experience in IFRS to further your professional career
- The IFRS understanding and knowledge assist you increased role in Company
- More informed financial decisions and reducing risk due to better financial understating
- Increased skills and improved financial decision making to increase importance to organization
- A greater understanding the major issues affecting of your role and how they can be resolved
Financial Controllers and Corporate Accountants, Finance Staff in various finance departments, Treasury Officers and Management Accountants, Internal or External Accounts/Financial associates and Auditors, Employers of government regulatory authorities, Investment and Financial Experts, Internal and external auditors, Upstream professionals in upstream oil & gas activities.
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