The British Academy for Training and Development offers a training course in industrial accounting for oil companies. This course is designed for anyone who wants to gain skills in preparing accounting treatments and costs for all stages of the oil industry, including the handling of proven and unproven reserves. The course aims to familiarize participants with the accounting system in petroleum companies and the accounting dimensions of each stage of the industry, starting from exploration, development, and production.

Accounting is the science that studies the measurement, communication, and interpretation of all financial activities. It involves recording, classifying, summarizing financial transactions, and presenting financial information through financial statements prepared for specific time periods, often quarterly. Accounting is also known as the language of business. There are several branches of accounting, which means that if a company distributes its financial data to the public, it must follow Generally Accepted Accounting Principles (GAAP) when preparing that data. Additionally, if there is trading in the company’s stock, federal law requires that the financial statements be audited by independent certified public accountants. Both the company's management and independent accountants must ensure that the financial statements and their related notes are prepared according to accepted accounting principles. Accounting has various branches, each of which plays a significant role in an organization, including industrial, governmental, and banking accounting. Our course will focus on industrial accounting in oil sector institutions.

The British Academy for Training and Development 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 .
• All workers in administrative departments,
• Accountants in oil companies
• Officials and employees in making decision department .

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

• Accounting organization for research and exploration
• Oil industry activities and their accounting effects
• The nature of research and exploration.

• Accounting introduction in oil companies .
• Background of business qualities in an oil sector.
• Concept and objectives of cost accounting in oil companies.
• Different kind costs.
• 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.