The course on Accounting and IFRS for the Shipping Industry provides comprehensive training on financial reporting practices and International Financial Reporting Standards (IFRS) specifically tailored to the shipping sector. Over five days, participants will gain a deep understanding of fundamental accounting principles and regulations relevant to the industry.
The course covers various topics, including corporate governance, revenue recognition, accounting for assets, fair value measurement, consolidation of financial statements, joint arrangements, and essential reporting issues. Participants will learn how to identify shipping obligations, allocate transaction prices, and recognize revenue in compliance with IFRS 15. They will also explore accounting practices for property, plant, equipment, government grants, investment property, and financial instruments.
Additionally, the course provides insights into fair value accounting, hedge accounting, debt modification, and complex financial instruments in the shipping industry. Participants will develop skills in preparing consolidated financial statements, handling non-controlling interests, goodwill treatment, and disclosure requirements.
By the end of this course, participants will:
- Understand the accounting principles and regulations specific to the shipping industry
- Gain knowledge of revenue recognition in accordance with IFRS 15
- Acquire expertise in accounting for property, plant, and equipment, government grants, and investment property
- Comprehend fair value accounting, hedge accounting, and treatment of complex financial instruments
- Develop skills in preparing consolidated financial statements and handling non-controlling interests
- Learn about impairment assessment, leasing accounting, and VAT treatment in shipping
- Address key reporting and disclosure issues in the shipping industry
Accounting and IFRS for Shipping Industry course designed for:
- Professionals in the shipping industry, including accountants, financial managers, auditors, and professionals involved in financial reporting and compliance.
- It is suitable for individuals seeking to enhance their understanding of accounting practices and regulations specific to the shipping sector. Prior knowledge of basic accounting principles and IFRS is recommended.
Our courses in Dubai take place at the following locations :
- Business Bay Office: Business Bay, ParkLane Tower, Offices 718 - 719
Once you register for this course, we will subsequently send the invoice and course information, including location, trainer, and other logistics.
Pay Attention, Please! The course location is subject to availability; the course time will be precise one week before the course start date! We may change the course location if there is no availability, and we will let you know about the location change once it happens.