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 Outline

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