In today’s challenging business environment every organisation needs to get more out of the resources at its disposal. At the same time as ensuring that the quality and effectiveness of the financial reporting is of a high standard, the complexities of accounting for oil and gas require an ability to properly interpret and comply with the accounting requirements that are unique to the industry's issues.
You need to ask some important questions about your finance function:
- Do you have a full analysis and understanding of your exploration costs?
- Are you getting the detailed management information you need?
- Are you under pressure to streamline operational processing and cut costs by reducing headcount, or supporting rapid growth without increasing headcount?
- Does your finance team have the right skills and does it deliver added value?
- Do you have access to proactive, professional advice?
- Are you using the best technology?
- Can your system handle multi-currency requirements?
RSM Tenon’s outsourcing solution avoids the need for any technology investment. The combination of systems, software and our understanding of IFRS and oil and gas accounting means that we can deliver an all round service to the energy and resources sector. We ensure you receive genuine commercial benefit.