Business, Bucks and the Bottom Line: Understanding Finance and Accounting for the Energy Professional

Managers need financial information to make tough decisions. This course assists new leaders with what is the right information and helps them learn how to use it.

  • 1 day course
  • $395
  • 8 PDH Credits

 

Upcoming Course Dates: May 15, 2012 - At Training Week - Houston, TX

Learning Objectives

  • Identify the key financial indicators and metrics necessary to measure business performance
  • Make prudent business decisions with regard to expenditures
  • Identify ways to manage risk
  • Understand key investment strategies
  • Understand industry segments – gas supply, marketing, pipeline, rates

Competencies Addressed

  • Reviewing and interpreting balance sheets
  • Preparing and presenting a budget
  • Measuring and managing risk
  • Achieving aggressive financial goals

Class Outline

  • Introduction and Review of Utility Accounting
  • Accounting Hierarchy
  • The Unique Nature of Utility Accounting
  • Financial Statements
  • What Do the Numbers Mean?
  • Financial Ratios
  • Financing Issues
  • Internal Control
  • Types of Controls
  • Fraud
  • Audit Expectations – Internal and External
  • Rate Philosophy and Design
  • Roundtable Conclusion and Summary