Accounting for Maritime Carriers

Course Info

Date: Jan-13-2025

Length: 1 Week

City: Dubai

Fees: 4,885

Type: In Classroom

Available Dates

  • Jan-13-2025

    Dubai

  • Feb-10-2025

    Dubai

  • Mar-10-2025

    Dubai

  • Apr-14-2025

    Dubai

  • May-12-2025

    Dubai

  • June-09-2025

    Dubai

  • July-14-2025

    Dubai

  • Aug-11-2025

    Dubai

  • Sep-08-2025

    Dubai

  • Oct-13-2025

    Dubai

  • Nov-10-2025

    Dubai

  • Dec-08-2025

    Dubai

Dates in Other Venues

  • Dec-16-2024

    London

  • Dec-23-2024

    Istanbul

  • Dec-23-2024

    Rotterdam

  • Jan-06-2025

    London

  • Jan-20-2025

    Istanbul

  • Jan-20-2025

    Rotterdam

  • Jan-27-2025

    Hamburg

  • Jan-27-2025

    Athens

  • Feb-03-2025

    London

  • Feb-17-2025

    Rotterdam

  • Feb-17-2025

    Istanbul

  • Feb-24-2025

    Athens

  • Feb-24-2025

    Hamburg

  • Mar-03-2025

    London

  • Mar-17-2025

    Rotterdam

  • Mar-17-2025

    Istanbul

  • Mar-24-2025

    Hamburg

  • Mar-24-2025

    Athens

  • Apr-07-2025

    London

  • Apr-21-2025

    Istanbul

  • Apr-21-2025

    Rotterdam

  • Apr-28-2025

    Athens

  • May-05-2025

    London

  • May-19-2025

    Rotterdam

  • May-19-2025

    Istanbul

  • May-26-2025

    Hamburg

  • May-26-2025

    Athens

  • June-02-2025

    London

  • June-16-2025

    Rotterdam

  • June-16-2025

    Istanbul

  • June-30-2025

    Athens

  • June-30-2025

    Hamburg

  • June-30-2025

    London

  • July-07-2025

    London

  • July-21-2025

    Istanbul

  • July-21-2025

    Rotterdam

  • July-28-2025

    Athens

  • July-28-2025

    Hamburg

  • Aug-04-2025

    London

  • Aug-18-2025

    Rotterdam

  • Aug-18-2025

    Istanbul

  • Aug-25-2025

    Athens

  • Aug-25-2025

    Hamburg

  • Sep-01-2025

    London

  • Sep-15-2025

    Rotterdam

  • Sep-15-2025

    Istanbul

  • Sep-22-2025

    Athens

  • Sep-29-2025

    London

  • Sep-29-2025

    Hamburg

  • Oct-06-2025

    London

  • Oct-20-2025

    Istanbul

  • Oct-20-2025

    Rotterdam

  • Oct-27-2025

    Athens

  • Oct-27-2025

    Hamburg

  • Nov-03-2025

    London

  • Nov-17-2025

    Rotterdam

  • Nov-17-2025

    Istanbul

  • Nov-24-2025

    Hamburg

  • Dec-01-2025

    London

  • Dec-15-2025

    Rotterdam

  • Dec-15-2025

    Istanbul

  • Dec-22-2025

    Athens

  • Dec-29-2025

    London

  • Dec-29-2025

    Hamburg

Course Details

Course Outline

5 days course

Accounting for contracts in accordance with IFRS 15

  • Identification of contract with the appropriate customers/clients
  • Identification of shipping obligations with the contract
  • Determination of the shipping transaction price
  • Allocation of the transaction price to the performance obligations
  • Recognition of shipping revenue when each performance obligation is completed

Accounting for Property Plant and Equipment (IAS 16) and Government Grants (IAS 20) and Investment Property (IAS 40)

  • Cost or revaluation model
  • Component approach
  • Major maintenance and overhaul costs (including drydocking and special survey costs) 
  • Impairment of long-lived and indefinite-lived assets
  • Measurement of shipping assets at recognition, after recognition and derecognition 
  • Revaluation of shipping assets
  • Depreciation of shipping assets 
  • IFRS 13 - Fair Value Measurement
  • IFRS 9 - Financial Instruments (Hedge Accounting)
  • Treatment of borrowing costs 
  • Vessel government grant accounting
  • Treatment of dry docking

  • Fair Value Accounting in Shipping
  • Lease accounting in shipping
  • Sale-leaseback transactions
  • Valuation of Financial Instruments
  • Expected credit loss model
  • Hedge accounting in shipping (fair value hedge and cash flow hedge)
  • Accounting for debt modification
  • Accounting for complex financial instruments.

Understanding and applying IFRS 10 in the consolidation of financial statements

  • Preparation of consolidated Income Statement
  • Preparation of consolidated SOFP
  • Preparation of consolidated Statement of Cash Flows
  • Treatment of Non-controlling interests in shipping business
  • Treatment of Goodwill in shipping business
  • Treatment of intra-group items and unrealised profits

Joint Arrangements in accordance with IFRS 11

  • Treatment of joint arrangements, joint control, joint operations and joint ventures
  • Preparation of Joint Venture Accounts in accordance with IAS 28
  • Joint Venture Accounts for interests in Accordance with IFRS 9
  • Disclosure on interests in other entities in accordance with IFRS 12.

 Key reporting accounting and reporting issues

  • Going concern assessment
  • Fair valuation assessment of vessels
  • Drydocking, construction, retrofit delays. 
  • Impairment assessment of vessels
  • Impairment assessment of goodwill
  • Accounting for leasing in shipping in accordance with IFRS 16

Treatment of VAT and sales tax in shipping

  • Input VAT
  • Output VAT
  • Quarterly reporting, Annual Accounting and Cash Accounting

Course Video