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Principles of Shipping Accounting in Accordance With I.F.R.S

The document outlines a seminar on principles of shipping accounting in accordance with IFRS. The seminar aims to present the accounting plan for shipowning and shipmanagement companies, analyze income/expenditure accounts and assets/liabilities, and examine IFRS financial statement preparation. The 4 sessions will cover topics such as organization charts, accounts, voyage results, financial statements, and IFRS issues. The seminar is ideal for shipowners, accountants, auditors, and CFOs. It will take place over 4 evenings in January and February at a premises in Piraeus, Greece, instructed by an experienced shipping accountant, for a cost of €300.

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195 views2 pages

Principles of Shipping Accounting in Accordance With I.F.R.S

The document outlines a seminar on principles of shipping accounting in accordance with IFRS. The seminar aims to present the accounting plan for shipowning and shipmanagement companies, analyze income/expenditure accounts and assets/liabilities, and examine IFRS financial statement preparation. The 4 sessions will cover topics such as organization charts, accounts, voyage results, financial statements, and IFRS issues. The seminar is ideal for shipowners, accountants, auditors, and CFOs. It will take place over 4 evenings in January and February at a premises in Piraeus, Greece, instructed by an experienced shipping accountant, for a cost of €300.

Uploaded by

ibrahim marketer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Principles of Shipping Accounting in Accordance with I.F.R.S.

Aim
The objective of the seminar is to present the accounting plan of the shipping company, to
analyse in details the income and expenditure accounts, as well as the assets and liabilities of
the shipowning and shipmanagement companies. Also, the participants will examine the
procedure of preparation of the financial statements in accordance with International
Accounting Standards and I.F.R.S issues.
Session 1 Session 3
 Organisation Chart of Shipping Preparation of Financial Statements
Companies  Cash Flow Statement
 Chart of Accounts  Cash Flow Projection report (per
Accounts: Receivables - Payables vessel and consolidated)
 Receivables: Voyages , Claims and  Preparation of Income Statement
Others, Prepayments  Preparation of Balance Sheet
 Payables: Trade / Sundry Liabilities
and Accruals
Acquisition of a Vessel
 Cost of Vessel
 Depreciation (I.F.R.S Treatment)
Session 2 Session 4
Voyage Results I.F.R.S Issues :
 Income / Direct Voyage Cost  Impairment Test
 Valuation of S.W.A.P / C.A.P.
 Severance compensation e.t.c.
 Running and Operating Expenses Tonnage Tax - New Tax law in connection
(Management Reports)
with Shipowning companies
 Running Costs Report (per vessel)

Masters General Account


Ideal For:

Shipowners, Accountants & Assistants, Auditors, CFOs, Finance Directors, Tax and Legal
Partners / Associates

Date - Venue
Dates: 30/01 & 1, 6, 8/02
Hours: 18:30 – 21:00
Venue: HMC Premises, 1 Platonos & 18, Sotiros Dios Str., 18535, Piraeus

Cost
Euros (€) 300

Instructor:
Lecturer: Mr. George Tsamantas

Instructor’s resume:
Mr. George Tsamantas is a certified Accountant with an experience in auditing and shipping
accounting since 1988. He is a Chief Accountant in Common Progress S.A. since 1998. He is
holding a BA in Economics & Accounting, University of Kingston, has been trained on the
I.F.R.S. - International Accounting Standards and is a member of Association of Chartered
Certified Accountants (ACCA).

OAED Subsidy
The HMC Maritime Training Courses can be subsidized by the Greek Manpower Employment
Organization (O.A.E.D.) by LAEK 0, 24% Subsidy.

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