Programme Philosophy
The MBA in Petroleum Accounting and Finance programme of the University of Professional Studies is designed to meet high level academic and professional needs of the public and private sectors of the economy particularly the oil and gas sector. The programme will prepare students to assume a larger role in managing their organizations’ operations as well as develop their expertise in the key financial areas of the Oil and Gas industries. The curriculum places much emphasis on the improvement of the business manager’s ability to handle with professionalism the various financial problems confronting business in the Oil and Gas industry.
Programme Objectives
The objectives of the MBA in Petroleum Accounting and Finance are to:
• Provide students with requisite knowledge about the general Characteristics of Accounting and Financial practices of the Oil and Gas Industry;
• Equip students with knowledge and skills to discuss the impact of the Oil and Gas industry on the environment and its management to develop strategic thinking of proactive mitigating preventive actions;
• Develop students’ knowledge and skills in financial reporting policies and practices applicable in the Oil and Gas Industry;
• Discuss the different regulations and standardizations applied to Oil and Gas industry.
• Equip students with knowledge and skills apply and interpret the requirement of International Financial Reporting Standards (IFRS) relevant to the Oil and Gas Industry;
• Develop students’ skills to describe, apply and analyze performance management indicators in Oil and Gas Industry;
• Discuss the basic concepts involved in Petroleum Economics and tax policies;
• Develop students’ skills to design contemporary risk management strategies to combat the negative operational ramifications of the Oil & Gas Industry, its associated risks and how to offset these risks accordingly.
Programme Outcomes
On the successful completion of the MBA Petroleum Accounting & Finance, graduates will:
• Demonstrate knowledge and understanding of basic characteristics of Oil and Gas operations;
• Account for downstream and upstream Oil and Gas operations;
• Demonstrate knowledge in Oil and Gas policies and legal frameworks;
• Examine the impact of Oil and Gas industry on the environment and its management;
• Examine the financial reporting policies and practices applicable in Oil and Gas industry;
• Apply the requirements of International Financial Reporting Standards (including International Accounting Standards) relevant to Oil and Gas Industry;
• Identify the basic concepts involved in Petroleum Economics;
• Design contemporary risk management strategies to combat the negative operational ramifications of the Oil & Gas Industry, its associated risks and how to offset these risks accordingly.
Target Audience:
Accountants, Finance Managers, and Management Accountants in the Oil and Gas Industry
Duration: Two Academic Years
Available Session: Regular Evening and Weekend
Entry Requirements:
Prospective applicants to the above MBA programmes must have a bachelor’s degree with at least Second Class Lower Division in Accounting and/or Finance/Auditing or an equivalent relevant, recognised chartered professional certificate in Accounting or related field.
Applicants with Third Class in Business/Finance/Account or related fields will be required to go through screening and selection interview.