Accounting and IFRS for Shipping Industry

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.