Leaders in Environmental Accounting Training
Environmental accounting focuses on the impact of an organisation’s activities on the environment. It has a key role in facilitating environmental data to users at all levels.
In the petroleum industry, environmental accounting plays a key role in facilitating environmental data by giving accurate costs of the effects of specific activities on the environment. This is important because oil and gas activity has a profound effect on the natural environment.
Globat Oil and Gas offers internationally recognised environmental accounting training. Besides our subsurface facilities training, we offer courses in petroleum business and provide trainees with a broad understanding of
To start and register for course click here >> ENVIRONMENTAL ACCOUNTING
environmental accounting specific to petrochemical and oil and gas industries.
Do you want to start a career in Oil and Gas Environmental Accounting? Call us on +234-803-8377-433 or request a callback
What Is Environmental Accounting?
Environmental accounting is a field that identifies resource use, measures, and communicates the costs of a company’s impact on the environment. It incorporates environmental cost and benefit information into business decisions.
Environmental accounting training involves the examination of accounting standards, policies, and practices in the oil and gas industry. It also examines the accounting and financial management implications of exploring and producing oil and gas.
At Globat Petrol Skills, you are trained in the control of the environmental impact of your company’s current practices on the environment. Our intensive training covers:
- Costs to clean or remediate contaminated sites
- Environmental fines
- Penalties
- Taxes
- Waste management costs
- Purchase of pollution prevention technologies
Why Do You Need Environmental Accounting Training?
The oil and gas industry has a huge impact on the environment. Oil and gas are the largest sources of fuel combustion emissions and are responsible for over half of the global energy-related CO2 emissions.
There are diverse environmental effects and health-related accidents because of oil and gas operations. They include oil spills, gas explosions, and fires. Because of this, petrochemical companies are facing increasing pressure to disclose information regarding their environmental activities.
At Globat Petroleum Skills, we offer this course to enhance your understanding of current international practices in finance and accounting within the oil and gas industry.
Environmental Accounting Training is needed to be able to:
- Understand financial reporting requirements for oil and gas companies
- Recognise the different oil and gas accounting methods
- Distinguish between financial, managerial and contract or joint operations accounting
- Distinguish between the different financial statements and their roles
- Create accounting statements including a cash flow statement from data accumulation to audited financial statements
- Apply basic concepts and terminology for accounting and finance in oil and gas
- Prepare, read, and use the footnotes and disclosures for oil and gas companies
- Evaluate assets using a ceiling-test
- Determine the difference between profits and cash flow
- Calculate, understand, and analyse financial reports and basic oil and gas ratios
- Recognise how accounting decisions can affect earnings, cash flow, and operational decisions
- Recognise accounting treatments of joint ventures such as production sharing agreements
- Learn how to apply capitalisation rules and depreciation methods
Who Is Our Environmental Accounting Training For?
Building and sustaining operational excellence in the petroleum industry requires engineers and other technical professionals to apply technical knowledge at all times. The industry is at a critical point where the ability to apply knowledge at the point of work is crucial regardless of your field of study. Globat Petrol Skills offers this training to international petroleum companies, oil and gas training institutes, and individuals in the oil and gas industry.
We offer environmental accounting training to the following groups of people:
- Personnel new to the oil and gas accounting industry
- Accountants
- Economists
- People who want to understand the basic petroleum accounting concepts
- Financial personnel
- Technical or asset team members
Where Can You Get Environmental Accounting Training in Nigeria?
At Globat Petroleum Skills, we offer the same standard of training obtainable in prestigious international firms. Environmental accounting is taught by instructors who have decades of experience in the petroleum industry.
We provide quality environmental accounting training for companies and individuals in the oil and gas sector. Academic-based learning and hands-on activities are combined for optimal results. At your request, we can provide training which is privately done in your location, according to your schedule.
We audit and certify companies and provide consulting services and experienced knowledgeable workforce for companies.
Our institute, Globat Oil and Gas Skills, is at 2 Golf View Close, behind Shell Residential Area on R-D Road, off Okporo Road, Artillery, Port Harcourt, Rivers State. It is a 30-minute drive from the Port Harcourt International Airport.
How to Get to Port Harcourt
Globat Oil and Gas is based in Port Harcourt, the capital of River State, Nigeria. It is surrounded by other oil-producing cities such as Yenagoa, Eket, Warri, Bonny Camp, and Effurun. Port Harcourt is accessible via air, road, and water.
You can travel to Port Harcourt via the Onne Trunk Road or the A3 highway which runs north from Port Harcourt through Aba. The trip will take a couple of hours depending on the part of the country you are coming from.
You can also take a boat trip from Bonny Camp or Calabar. If you are coming from Lagos or Abuja, you can take an hour-long flight to Port Harcourt. From the airport, our training school is less than 30 minutes away. Students arriving from other states or countries can use our free pickup service from the Port Harcourt Airport or at the arrival point in Port Harcourt.
FAQS
What is environmental accounting?
It is a field that identifies resource use, measures and communicates costs of a company’s impact on the environment.
Why is environmental accounting important in the petroleum industry?
Environmental accounting provides data that highlight the contribution of natural resources to economic wellbeing and the costs imposed by pollution or resource degradation.
Is this training reserved only for accountants?
No. Environmental accounting training transcends multiple fields of study and levels of experience. A familiarity with finance is helpful but not required.
Environmental Accounting Training
| MODULE | INSTRUCTOR | TIME | APRIL | MAY | JUNE | JULY | AUGUST | SEPTEMBER | OCTOBER | NOVEMBER | DECEMBER |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Environmental Accounting | Jideofor | 8am-4pm | 1st-5th | 6th-10th | 3rd-7th | 1st-5th | 5th-9th | 2nd-6th | 7th-11th | 4th-8th | 2nd-6th |
| Oil and gas Accounting | Jideofor | 8am-4pm | 1st - 5th | 6th-10th | 3rd-7th | 1st-5th | 5th-9th | 2nd-6th | 7th-11th | 4th-8th | 2nd-6th |
| Project Engineer Training for Mud Engineers | Edward/Kolawole | 8am-4pm | 8th-12th | 13th-17th | 10th-14th | 8th-12th | 12th-16th | 9th-13th | 14th-18th | 11th-15th | 9th-13th |
| Bids and Tender | Edward/Kolawole | 8am-4pm | 8th-12th | 13th-17th | 10th-14th | 8th-12th | 12th-16th | 9th-13th | 14th-18th | 11th-15th | 9th-13th |
| Mud Logging | Chikwendu | 8am-4pm | 15th-19th | 20th-24th | 17th-21st | 15th-19th | 19th-23rd | 16th-20th | 21st-25th | 18th-22nd | 16th-20th |
| Primary Cementing | Itafe/Samuel | 8am-4pm | 15th-19th | 20th-24th | 17th-21st | 15th-19th | 19th-23rd | 16th-20th | 21st-25th | 18th-22nd | 16th-20th |
| Drilling Waste Management | Anselm/Joseph | 8am-4pm | 22nd-26th | 27th-31st | 24th-28th | 22nd-26th | 26th-30th | 23rd-27th | 28th-1st | 25th-29th | 23rd-27th |
| Oil and Gas HSE | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month | Available throughout the month |