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Accounting and Finance for Energy |
How to Read Your Company’s Annual Report: 10 Things to Know for the Oil and Gas Industry
Dr. Betty J. Simkins — The Williams Companies Professor of Business and Department Head of Finance in the Spears School of Business at Oklahoma State University
Why do many employees file away their annual reports or toss them in the trash without really looking at them? It may be employees don’t know how to get information from them. The text on the glossy pages is usually readable but is not conducive to gaining needed information. While the numbers in the back can seem incom- prehensible and overwhelming but are often the most important part.
During this seminar, you will learn to read and understand oil and gas companies’ annual and 10-K reports. You will study actual annual reports of oil and gas companies.
This seminar is sponsored by the Department of Finance and the Center for Executive and Professional Development in the Spears School of Business at Oklahoma State University. Participants earn 0.6 continuing education units (CEUs) upon completion of this seminar. » KORN FERRY COMPETENCIES Ensures accountability | Business insight | Financial acumen | Organizational savvy | Plans and aligns | Self-development | Drives vision and purpose | Optimizes work processes
SEMINAR OUTLINE I. Start at the back and look at the CPA’s letter II. Letter from the chairman
III. Management discussion and analysis IV. Stock price history and performance V. Dig into the financial statement number VI. Look at the remuneration report VII. List of directors and officers VIII. Scan the footnotes IX. Compute energy ratios for oil and gas companies to see where the value is and know how to interpret the numbers X. Comparing using competitive benchmarking
The Center for the Future of Work in the OSU Spears School of Business offers various certificate programs and customized professional development.
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