FOB Shipping point and FOB destination Accounting

This course on FOB Shipping Point and FOB Destination Accounting provides a comprehensive understanding of the accounting principles and concepts related to FOB shipping transactions. Over five days, participants will learn about the identification and division of costs in FOB shipping, the treatment of FOB accounts, and the accounting treatment of various non-FOB items. 

Additionally, the course covers income treatment, valuation of closing inventories, provisioning for unfinished voyages, and accounting for FOB shipping consignments. Participants will also gain insights into performance measurement in the shipping business, including liquidity measurement ratios, profitability ratios, and debt and equity considerations. 

Lastly, the course addresses key accounting and reporting issues specific to the shipping industry, such as fair valuation assessment of vessels, impairment assessment, and joint operations arrangements under IFRS 11.