Scene 1 (0s)
2024 1st FINANCE AWARENESS SESSION. April 4, 2024.
Scene 2 (7s)
Agenda. 2. Safety Moment CFO Opening Remarks Accounting Framework The Cost Journey | A Synopsis Direct vs Support Costs Cost Classification | Capex vs Opex What is Cost | Accruals vs Payments Cost Per Barrel & Unit Technical Cost Quiz Time Budgeting & Planning Cost Control Reporting Fixed Assets Cycle Q & As.
Scene 3 (23s)
Safety moment Ms. Mariam Sayegh.
Scene 4 (29s)
Safety Moment. 4.
Scene 5 (35s)
CFO OPENING REMARKS MR. KHALED AL JABERI.
Scene 6 (42s)
ACCOUNTING FRAMEWORK MR. KHALID SUDDLE.
Scene 7 (48s)
Accounting Framework. 7. [March 2024]. Key Attributes Approved by the ADNOC Offshore Board & all amendments to it Sets Accounting policies to be followed to record transactions Provides direction on Governance & Procedures for Auditing, Budgeting & Cost Control Identifies reporting requirements & related policies & procedures Guides on Asset Sharing & Use of Spare Capacity In absence of specific guidance on a transaction, guides to refer to International Financial Reporting Standards.
Scene 8 (1m 7s)
THE COST JOURNEY | A SYNOPSIS MR. KHALID SUDDLE.
Scene 9 (1m 14s)
The Cost Journey | A Synopsis. 9. Budgeting / Planning Each & every activity is budgeted [following year] & planned [future four years] Bottoms up budget compilation Approval as per Governance policies.
Scene 10 (1m 48s)
Direct vs SUPPORT COSTS MR. KHALID SUDDLE.
Scene 11 (1m 54s)
Direct vs Support Costs. 11. Capital Expenditure Directly Attributable to Concessions + A Portion from Logistics Support Costs.