International Oil Company Financial Management in Nontechical Language

Content: ""Contents""
 ""Dedication""
 ""Figures""
 ""Illustrations""
 ""Tables""
 ""Acknowledgment""
 ""Introduction""
 ""1. Financial Management for the Petroleum Industry""
 ""The Importance of Understanding International Finance""
 ""Petroleum Industry Pioneers in Globalization Concepts""
 ""Financial Management Objectives""
 ""Interrelationships of Oil Prices, Interest Rates, Capital Investments, and Debt""
 ""Managing Risks in the Petroleum Industry""
 ""Summary""
 ""2. Oil And Gas Financial And Accounting Systems""
 ""Users of Financial Statements and Their Needs"" ""Recognition and Measurement Concepts""""Cost Classification""
 ""Cash Flows""
 ""Earnings vs. Cash Flows""
 ""Summary""
 ""3. Integrated Management Systems""
 ""Processes of the Integrated Management System""
 ""Strategic Planning""
 ""Scenario Planning""
 ""Long-Range Financial Planning""
 ""Forecasting Financial Position and Requirements: Percentage-of-Sales Method""
 ""Other Approaches to Forecasting""
 ""Annual Performance Plans""
 ""Budget Revisions""
 ""Internal Performance Reporting""
 ""Summary""
 ""4. Competitive Comparison""
 ""Finding Costs""
 ""Benchmarking"" ""Key Financial Ratios""""5. Cost Management In the Oil and Gas Industry""
 ""Total Cost Management""
 ""Cost Behavior""
 ""Internal Reporting and Control Systems""
 ""Management Control Process and Transfer Pricing""
 ""International Transfer Pricing""
 ""Joint Operating Interests""
 ""Assignment of Costs to Responsibility Centers""
 ""How a Transfer Price Can Affect Profit Maximization""
 ""Motivation, Performance and Rewards""
 ""Summary""
 ""6. Capital Budgeting and investment Theory""
 ""Present Value Theory""
 ""Risk Analysis""
 ""Expected Value Theory""
 ""Decision Tree Analysis"" ""Gambler's Ruin Theory""""Common Pitfalls in Risk Analysis""
 ""Utility Theory""
 ""Monte Carlo Simulation""
 ""Presentation to Management""
 ""7. Petroleum Fiscal Systems""
 ""Negotiations and Fiscal Terms""
 ""Families of Systems""
 ""Concessionary Systems""
 ""Production Sharing Contracts""
 ""Basic Elements""
 ""8. Working Capital Management""
 ""How Much Working Capital is Required?""
 ""Working Capital Management""
 ""Cash Management""
 ""Accounts Receivables""
 ""Management of Accounts Payables and Accruals""
 ""Management of Inventories"" ""Technologies and Techniques Affecting Working Capital""""Summary""
 ""9. Capital Structure and Cost of Capital""
 ""Capital Structure Decisions Checklist""
 ""Company's Growth, Development and Financial Requirements""
 ""Return on Equity as Related to Growth in Earnings per Share (EPS)""
 ""Business Risk""
 ""Business Forms and Financing""
 ""Financing Well Drilling and Development through Assignment of Working Interest""
 ""Joint Operating Agreement""
 ""International Oil Business""
 ""Capital Markets""
 ""Long-Term Financing Decision of an International Company""
 ""Cost of Capital""