Cambridge
Academy
In London

Target Audience

This course is designed for:

·        Accountants and CFOs

·        Financial analysts in both the public and private sectors

·        Internal and external auditors for various sectors

Course Outlines

Day1  : Modern standards for forecasting in the oil sector using CNC:

·        The role of forecasting in the preparation of plans and budgets

·        Factors influencing forecasting

·        Forecasting areas

·        Modern mathematical methods of forecasting

·        Using the linear regression model in Regression Analysis

·        Using the method of trend analysis in forecasting

·        Application of modern methods of computer forecasting

Day 2: The nature of planning budgets in oil sector companies:

·        The concept and importance of budgets

·        General principles of budgeting

·        Steps to prepare budgets

·        Types of planning budgets

Day 3: Financial Technologies for Preparing Operational Budgets in the Oil Sector Using Computers:

·        Preparation of the budget of revenues (receipts) in government units

·        Modern forecasting methods in forecasting revenues and expenditures

·        Status of an integrated process for the preparation of the revenue budget (receipts) in government units

·        Prepare the budget of expenses (expenses) in government units.

·        The case of an integrated process for preparing the budget of expenditures (expenditures) in government units

·        Use flexible budgeting in performance evaluation and financial decision-making.

·        use of a fixed budget in performance evaluation and financial decision-making

Day 4: Financial Techniques for Preparing Cash Budgets in the Oil Sector Using Computers:

·        The concept and importance of the cash budget

·        The relationship of the monetary budget with other budgets

·        Modern forecasting methods in liquidity forecasting

·        Management of liquidity in light of the cash budget and cases of technical and real financial hardship

·        Monetary indicators associated with the monetary budget

Day 5 :Financial technologies for the preparation of investment budgets in the oil sector using computer:

·        The concept and importance of the investment budget

·        The relationship of the investment budget with other budgets

·        Entrances to financing the investment budget

·        Components of the investment budget

·        Evaluation forms for budgeted investment projects