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Institute For Oil & Gas Training
OGI-1193 New

Cash Flow Reporting for IAS 7 Statements Training Course

Duration
5 days
CPD hours
15
Language
English
Next date
12 Oct 2026
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Overview

Cash Flow Reporting for IAS 7 Statements Training Course from Institute For Oil & Gas Training develops practical capability in preparing, analysing and reviewing the IAS 7 statement of cash flows within complex oil and gas finance environments. The programme addresses the operational and reporting demands created by upstream, midstream and downstream cash movements, including cash calls and partner receipts, capital expenditure, restricted cash, financing activities and non-cash transactions.

Oil and gas organisations operate with substantial and often highly variable cash movements across exploration, development, production, processing, transportation, trading, joint ventures and corporate financing. Accurate cash flow reporting therefore requires more than extracting movements from bank accounts. Finance teams need to understand the economic substance of transactions, establish appropriate classifications, reconcile reported movements to underlying accounting records and present information consistently with applicable financial reporting requirements.

The IAS 7 statement of cash flows provides a structured view of how cash and cash equivalents move through operating, investing and financing activities. Within petroleum organisations, this structure interacts with complex transactions such as partner funding, cash calls, asset acquisitions, development expenditure, debt drawdowns, repayments, lease liabilities, interest, tax payments, restricted cash arrangements and transactions that do not involve an immediate cash movement.

This course focuses on the practical application of Cash Flow Reporting within these environments. Participants examine the direct and indirect method, classification of capital expenditure, treatment of cash calls and partner receipts, non-cash transactions, restricted cash, free cash flow presentation and reconciliation of liabilities from financing activities. The programme also addresses the controls required to maintain consistency between general ledger data, treasury records, joint venture accounting and published financial statements.

Institute For Oil & Gas Training positions cash flow reporting as an integrated finance discipline rather than an isolated financial statement exercise. The course connects accounting treatment with treasury activity, budgeting, capital investment, joint venture administration and management reporting. This approach supports finance professionals responsible for producing reliable cash flow information for internal decision making, statutory reporting, group consolidation and external financial communication.

The course addresses the skills gap that arises when finance professionals understand accounting entries but lack sufficient exposure to the operational cash flows that drive petroleum businesses. It strengthens the ability to trace transactions from source documentation through accounting records and into cash flow classifications. This is particularly important where multiple entities, currencies, partners, financing arrangements and project expenditure streams create reconciliation challenges.

Participants work with realistic oil and gas scenarios involving upstream development expenditure, production operations, joint venture cash calls, partner receipts, asset purchases, financing movements and restricted cash balances. They assess the classification of transactions, identify non-cash elements, investigate reconciliation differences and evaluate how management reporting interacts with external financial reporting.

The programme also strengthens the connection between cash flow reporting and management decision making. Reliable cash flow information supports liquidity assessment, capital allocation, financing decisions, project funding, working capital management and evaluation of operating cash generation. A well-controlled reporting process enables finance leaders to distinguish accounting profit from actual cash generation and identify the sources and uses of cash across the organisation.

Objectives

  • Apply IAS 7 principles to oil and gas cash flow reporting

  • Prepare and review an IAS 7 statement of cash flows

  • Distinguish operating, investing and financing cash flows

  • Apply the direct and indirect method appropriately

  • Assess the classification of capital expenditure and asset-related cash movements

  • Analyse cash calls and partner receipts within joint venture reporting

  • Identify and document non-cash transactions

  • Evaluate the treatment and presentation of restricted cash

  • Develop consistent free cash flow presentation for management reporting

  • Reconcile liabilities from financing activities with supporting accounting records

  • Trace cash movements from source transactions through the general ledger and financial statements

  • Identify cash flow classification errors and reconciliation differences

  • Strengthen controls over cash flow preparation and review

  • Connect treasury information with financial reporting requirements

  • Interpret cash flow information for liquidity and investment analysis

  • Improve the quality and consistency of management and external cash flow reporting

  • Assess complex petroleum transactions for appropriate cash flow classification

  • Review cash flow supporting schedules for completeness and consistency

  • Communicate cash flow movements clearly to finance leadership and stakeholders

Training methodology

Institute For Oil & Gas Training uses a practical corporate delivery approach built around the transaction patterns encountered by oil and gas finance teams. The methodology combines technical instruction with case studies, financial statement analysis, transaction mapping, group exercises and realistic reporting scenarios.

Participants work through complete transaction cycles rather than studying cash flow classifications in isolation. A typical exercise begins with an operational event such as a development project expenditure, partner cash call, debt drawdown or asset disposal. Participants then identify the accounting entries, determine the cash impact, establish the appropriate classification and assess the information required for financial statement presentation.

Case studies focus on upstream and joint venture environments where cash movements involve multiple stakeholders. Participants examine partner receipts, cash calls, operator payments, project expenditure and funding balances to understand how operational transactions flow into financial reporting.

Practical exercises address both the direct and indirect method. Participants compare cash receipts and payments with profit-based reconciliations and assess how adjustments for depreciation, working capital, provisions and other non-cash items affect the reported operating cash flow.

Simulation exercises focus on month-end and year-end reporting. Participants investigate differences between bank data, general ledger balances, accounts payable records, accounts receivable information, treasury schedules and financing records. The exercises develop a structured approach to identifying classification errors and unresolved reconciliation items.

Group exercises address complex transactions involving capital expenditure and financing. Participants determine whether movements represent investing, operating or financing cash flows and consider the reporting implications of transactions containing both cash and non-cash components.

Real-world scenarios are used to examine restricted cash and cash equivalents, foreign currency movements, lease-related transactions, debt movements and reconciliation of liabilities from financing activities. These exercises reinforce the importance of documentation, controls and review procedures.

The delivery also incorporates financial statement review. Participants examine cash flow presentations and supporting schedules to identify inconsistencies, missing disclosures and classification issues. This provides a practical framework for reviewing published or internal financial information before final reporting.

Organisational impact

Accurate Cash Flow Reporting gives oil and gas organisations stronger control over the relationship between accounting results and actual cash generation. Institute For Oil & Gas Training helps finance teams establish a disciplined reporting process that connects operational transactions, accounting records, treasury information and financial statements.

Improved classification reduces the risk of operating, investing and financing movements being presented inconsistently. This supports clearer financial reporting and provides management with a more reliable view of how cash is generated and deployed.

The programme strengthens capital expenditure reporting by helping teams distinguish project investment cash flows from operating expenditure and other transaction categories. This supports better visibility over development spending, asset acquisition programmes and project funding requirements.

Joint venture environments benefit from clearer treatment of cash calls and partner receipts. Finance professionals develop stronger processes for tracing operator payments, partner funding, outstanding balances and related cash movements. This supports more reliable reconciliation between joint venture accounting and corporate cash reporting.

The course also strengthens controls around non-cash transactions. Identifying movements that affect liabilities, assets or equity without creating an immediate cash movement helps prevent non-cash items from being incorrectly incorporated into cash flow reporting.

Better treatment of restricted cash improves the transparency of liquidity reporting. Finance teams can distinguish available cash from balances subject to contractual, legal or operational restrictions and maintain supporting schedules that reconcile reported balances.

The focus on reconciliation of liabilities from financing activities supports stronger controls over debt, lease liabilities and other financing-related movements. Finance teams can link opening balances, cash movements, non-cash changes and closing liabilities through a structured reconciliation process.

A stronger cash flow reporting process also improves month-end and year-end close efficiency. Standardised classifications, documented reconciliations and clear review procedures reduce the time spent investigating unexplained movements and correcting reporting inconsistencies.

Management reporting benefits from clearer free cash flow presentation. Finance leaders can use more structured information to assess cash generation after relevant investment requirements and understand how operational performance translates into available funding.

The course also strengthens cross-functional communication between finance, treasury, joint venture accounting, project controls and operational teams. This creates a common framework for explaining cash movements and resolving reporting differences.

Personal impact

Participants develop practical expertise in preparing, reviewing and interpreting cash flow information within petroleum organisations. They gain the ability to move beyond basic cash reconciliation and understand the accounting, operational and reporting logic behind each major cash flow category.

Finance professionals strengthen their ability to apply IAS 7 principles to transactions encountered in upstream, midstream and downstream operations. They learn to assess transaction substance, identify the cash impact and determine the appropriate reporting treatment.

Participants improve their ability to work with both the direct and indirect method and understand the relationship between profit, working capital movements, non-cash adjustments and operating cash flow.

The course develops stronger analytical skills for investigating cash flow variances. Participants learn to trace unexplained movements through ledger accounts, treasury records, partner statements, project expenditure schedules and financing documentation.

Professionals working with joint ventures gain greater confidence in handling cash calls and partner receipts. They develop a clearer understanding of how these transactions affect cash reporting, reconciliations and supporting schedules.

Participants also strengthen their understanding of capital expenditure classification, restricted cash, non-cash transactions and financing movements. These skills support more effective review of financial statements and management reports.

The programme improves communication with senior finance leaders by helping participants explain cash generation, investment requirements, funding movements and reconciliation differences in clear business terms.

For accountants, financial controllers and reporting specialists, the course provides a practical framework for improving the quality of financial statement preparation and review. For treasury professionals, it strengthens understanding of how treasury movements feed into external and internal financial reporting.

Who should attend

  • Financial Controllers — responsible for financial statement preparation, review and reporting controls

  • Financial Reporting Managers — responsible for IAS 7 reporting, disclosures and group reporting processes

  • Senior Accountants — involved in cash flow preparation, reconciliations and month-end reporting

  • Management Accountants — requiring stronger understanding of cash generation and investment movements

  • Oil and Gas Accountants — needing sector-specific application of cash flow principles

  • Joint Venture Accountants — responsible for cash calls, partner receipts and operator accounting

  • Treasury Managers — connecting liquidity movements and financing transactions with financial reporting

  • Treasury Accountants — responsible for bank movements, funding transactions and cash reconciliations

  • Finance Managers — overseeing reporting processes and management cash flow analysis

  • Group Reporting Specialists — consolidating cash flow information across entities and operations

  • Project Finance Professionals — analysing capital expenditure, project funding and cash requirements

  • Financial Planning and Analysis Professionals — using cash flow information for forecasting and management decisions

  • Internal Auditors — reviewing cash flow controls, reconciliations and financial reporting processes

  • External Reporting Specialists — supporting statutory and group financial statement preparation

  • Finance Directors and Senior Finance Leaders — requiring stronger oversight of cash reporting quality and controls

Course outline

This module establishes the reporting framework for preparing and reviewing the statement of cash flows in oil and gas organisations. It examines the purpose of cash flow reporting, the distinction between cash and cash equivalents and the classification of movements into operating, investing and financing activities.

  1. IAS 7 Statement of Cash Flows

    • Establishes requirements for presenting information about historical changes in cash and cash equivalents

    • Provides the framework for classifying cash flows into operating, investing and financing activities

    • Supports analysis of how an organisation generates and uses cash

    • Provides the foundation for cash flow reporting within financial statements

    Learning Outcomes

    • Explain the purpose and structure of the cash flow statement

    • Classify petroleum transactions into operating, investing and financing activities

    • Reconcile opening and closing cash balances

    • Identify key cash flow reporting controls

    • Review cash flow classifications for consistency

This module develops practical capability in applying the direct and indirect method to operating cash flows. It examines the relationship between profit, working capital movements and cash receipts and payments and addresses the reporting implications of non-cash accounting entries.

  1. IFRS 18 Presentation and Disclosure

    • Establishes broader presentation and disclosure requirements for financial statements

    • Supports consistent presentation and communication of financial information

    • Provides relevant context for understanding how financial statement presentation interacts with cash flow information

    • Strengthens the connection between financial statement structure and management-focused reporting information

    Learning Outcomes

    • Apply the direct and indirect method to operating cash flows

    • Reconcile accounting profit to operating cash flow

    • Identify non-cash adjustments correctly

    • Analyse working capital movements affecting cash generation

    • Review operating cash flow calculations for completeness and consistency

This module focuses on the complex investment and joint venture cash movements found across petroleum operations. Participants assess the classification of capital expenditure, asset acquisition payments, development expenditure, cash calls and partner receipts.

  1. IFRS 11 Joint Arrangements

    • Provides requirements for accounting for interests in joint arrangements

    • Establishes principles relevant to joint operation and joint venture structures

    • Provides an important accounting context for transactions between joint arrangement participants

    • Supports consistent consideration of petroleum joint venture structures and related financial reporting

    Learning Outcomes

    • Classify capital expenditure within cash flow reporting

    • Distinguish investment cash flows from operating expenditure

    • Analyse cash calls and partner receipts

    • Reconcile joint venture funding movements

    • Review project cash flows for appropriate reporting classification

This module addresses cash balances and transactions that require additional analysis before inclusion in cash flow reporting. Participants examine restricted cash, cash equivalents and transactions that affect financial position without creating an immediate cash movement.

  1. IFRS 16 Leases

    • Establishes accounting requirements for leases and related lease liabilities

    • Provides relevant context for distinguishing lease-related cash payments from non-cash movements

    • Supports identification of financing and non-cash changes associated with lease arrangements

    • Helps finance teams maintain clear supporting schedules for lease liabilities and cash payments

    Learning Outcomes

    • Distinguish restricted cash from freely available cash

    • Identify non-cash transactions requiring separate reporting consideration

    • Analyse lease-related cash and non-cash movements

    • Maintain supporting schedules for complex cash balances

    • Strengthen controls over restricted cash and non-cash transaction reporting

This module integrates the course concepts into a structured review of financing cash flows, free cash flow presentation and reconciliation of liabilities from financing activities. Participants examine debt movements, funding transactions and the relationship between cash generation, capital investment and financing decisions.

  1. IFRS 9 Financial Instruments

    • Establishes requirements relevant to financial instruments and financing arrangements

    • Provides accounting principles applicable to debt and other financial liabilities

    • Supports analysis of financing transactions and related accounting movements

    • Provides relevant context for assessing cash movements arising from financial instruments

    Learning Outcomes

    • Classify debt and financing cash flows correctly

    • Reconcile liabilities from financing activities

    • Distinguish cash and non-cash financing movements

    • Present free cash flow information clearly for management purposes

    • Review the completed cash flow statement for consistency and completeness

    • Connect cash generation, capital investment and financing movements within an integrated reporting framework

Certificate

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon successfully finishing the course. Certificate eligibility requires attendance and participation throughout the full course programme.

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

Fees include tuition, course materials and refreshments. Need different dates or a different city? Ask about your preferred date.

Frequently asked questions

What does the Cash Flow Reporting for IAS 7 Statements Training Course cover?

The course covers IAS 7 statement of cash flows preparation and review, the direct and indirect method, capital expenditure classification, cash calls and partner receipts, non-cash transactions, restricted cash, free cash flow presentation and reconciliation of liabilities from financing activities.

Who is this course designed for?

The programme is designed for financial controllers, financial reporting managers, accountants, treasury professionals, joint venture accountants, finance managers, group reporting specialists, project finance professionals, internal auditors and senior finance leaders working in oil and gas organisations.

How is the course delivered?

Institute For Oil & Gas Training uses corporate case studies, transaction analysis, practical exercises, reporting scenarios, group discussions and financial statement review activities based on oil and gas finance environments.

Does the course address joint venture cash flows?

Yes. The course specifically addresses cash calls and partner receipts, joint venture funding movements, operator payments, partner reconciliations and the classification of related cash flows within petroleum financial reporting.

What certificate is provided after completion?

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon finishing the course, subject to attendance and participation throughout the full programme.

Next: 12 Oct 2026

4 dates available

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