Financial Fundamentals for Non-Financial Professionals

Introduction

This course provides a solid understanding of financial concepts required for effective decision-making in capital-intensive energy and petroleum environments.

Objectives

• Understand core financial statements and terminology
• Interpret financial data for operational decisions
• Improve financial awareness and accountability
• Strengthen communication with finance teams

Target Audience

• Engineers and technical professionals
• Supervisors and managers
• Project and operations staff

5-Day Scientific Program

Day 1

• Financial concepts and terminology
• Role of finance in petroleum operations
• Revenue, cost, and profitability basics
• Financial accountability

Day 2

• Income statement structure and analysis
• Cost classification and behavior
• Operational cost drivers
• Financial performance indicators

Day 3

• Balance sheet fundamentals
• Assets, liabilities, and equity
• Working capital management
• Asset-intensive business considerations

Day 4

• Cash flow statement analysis
• Operating, investing, and financing cash flows
• Cash flow vs profit
• Liquidity management

Day 5

• Financial decision-making for managers
• Interpreting financial reports
• Case studies
• Practical financial awareness toolkit