1 Platonos & 18 Sotiros Dios,
Piraeus, Attiki, 185 35, Greece

Shipping Accounting

Dates:

4, 5, 6,11 and 13 November 2024

Duration:

5 Sessions | Hybrid

Hours:

18:30 – 21:30 (GMT+2)

Fees:

500 EUR

(Including tuition fees & reading material)

ICS Members are eligible to a discount 20% on all HMC Professional Maritime Seminars

Shipping plays a central part in the global economy, and its well-documented history gives maritime economists a unique perspective on the way the industry’s economic mechanisms have evolved. This seminar has a two-fold purpose: to offer an introduction to the shipping industry and to evaluate and observe the financial and accounting practices of a vessel-owning or -managing company. Scholars will gain both practical and theoretical knowledge of International Financial Reporting Standards and how they affect a shipping company’s financial position and performance.

SPECIFIC AREAS COVERED

Introduction to Shipping Industry

Overview of the Shipping Market and its Economic Drivers
Anatomy of a Shipping Company & its Vessels

Financial Reporting and Accounting (in accordance with International Financial Reporting Standards)

Financial Reporting Framework
Introduction to Financial Statements
Accounting Policies, Changes in Accounting Estimates and Errors
Events After the Reporting Period
Vessel and Depreciation Accounting
Vessel Impairment and ‘Value in Use’ Testing
Inventories’ Measurement
Provisions and Contingencies
Expenses
Revenue
Accruals and Prepayments Concept
Consolidated Financial Statements & Business Combinations

Analysis of a real-world Shipping Company’s Financial Statements

Other Aspects of Shipping Accounting

Budgeting for Shipping Companies
Accounting for Port Agent Disbursements
Master’s General Account

Professional Accountant of the Future

Download a Brochure

Apply for the Seminar here

IDEAL FOR

The seminar is addressed to ship owners, CEOs, COOs, CFOs, finance and accounting directors, managers, supervisors, financial analysts, auditors, bank executives, accountants, assistants, other related finance, accounting and maritime executives, associates, graduates, and students.

Tutors

Paraskevas G. Kousounadis
FICS, Finance Manager, Shipmanagement company

Shipping plays a central part in the global economy, and its well-documented history gives maritime economists a unique perspective on the way the industry’s economic mechanisms have evolved. This seminar has a two-fold purpose: to offer an introduction to the shipping industry and to evaluate and observe the financial and accounting practices of a vessel-owning or -managing company. Scholars will gain both practical and theoretical knowledge of International Financial Reporting Standards and how they affect a shipping company’s financial position and performance.