HMC Course on Shipping Accounting

• Date Monday, March 22, 2021
• Venue ONLINE

Overview

Shipping Accounting Online Seminar

Dates:  22/03, 24/03, 29/3, 30/03 & 31/03

Duration 5 Days

Hours 18:30 - 21:30 GMT+2 / Greece time

Fees: 500 € / 455£  (Including tuition fees & reading material)

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

Fees for members 400€ / 364£

ABOUT THE SEMINAR

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. The seminar aims to introduce the shipping industry as well as to present and examine the accounting and finance function of a shipowning/shipmanagement Company. It will equip participants with the theoretical and practical knowledge of International Financial Reporting Standards and their implication on the shipping company's financial position and performance.

SPECIFIC AREAS COVERED

INTRODUCTION TO SHIPPING INDUSTRY

• Shipping market and its economic drivers
• The shipping company and the ship

FINANCIAL REPORTING & ACCOUNTING IN THE SHIPPING COMPANY (IN ACCORDANCE WITH IFRS)

• Financial reporting framework
• Introduction to financial statements
• Accounting policies, changes in accounting estimates and errors
• Events after the reporting period
• Vessel
• Impairment of vessel
• Vessel held for sale and discontinued operations
• Inventories Leases
• Provisions, contingent liabilities and contingent assets
• Related parties
• Expenses
• Revenue
• Accruals concept Introduction to business combinations and consolidated FS
• Other Aspects of Shipping Accounting & Finance
• Budgeting
• Port agent disbursement account
• Master's general account
• Professional accountants of the future

IDEAL FOR

Ship-owners, CEO/COO/CFO, finance/accounting directors, managers and supervisors, financial analysts, auditors, bank executives, accountants and assistants, all related finance/accounting/maritime executives, associates, graduates and students

TUTOR

Mr Paraskevas Kousounadis, ACCA, FICS

Mr. Paraskevas Kousounadis is a Chartered Certified Accountant with extensive shipping experience in accounting and finance. He is presently employed as a Deputy Accounting Manager / Financial Controller by a long-established Greek ship management company. He holds a BSc (Hons) degrees 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 (ACCA), the ACCA 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.

TO REGISTER

Please use the link from the dropdown above and purchase your ticket today.

Contact for Event

FOR MORE DETAILS

Please email us at education@ics.org.uk