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

(+30) 210 412 5945
info@helmc.com

Shipping Accounting

Dates:

31/03, 02/04, 07/04, 08/04 & 09/04

Duration:

5 Sessions | Hybrid

Hours:

18:30 – 21:30 (GMT+3)

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

DOWNLOAD

Apply for the Seminar here

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, FCCA, Finance Manager, Shipmanagement company

    Paraskevas Kousounadis is a Chartered Certified Accountant with extensive shipping experience in accounting and finance. He is presently employed as a Finance Manager by a long-established Greek ship management company. He holds a BSc (Hons) degree in Applied Accounting, as well as in Biomedical Sciences. He is a Fellow member of the Institute of Chartered Shipbrokers (ICS), the Association of Chartered Certified Accountants (FCCA), the FCCA Greek Advisory Committee, the Institute of Certified Public Accountants of Greece, the Economic Chamber of Greece and the Shipping Professional Network of London. He is also a Certified Internal Auditor ISM-ISPS-MLC for Shipping Companies by DNV-GL.

    He has excellent knowledge of financial and accounting procedures, as well as a thorough understanding of financial audit and internal control systems both ashore and onboard. He teaches Shipping Accounting at HMC/ICS Greek Branch.

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