Ship owners must deal with a massive number of accounting transactions to operate their ships. In the Accounting for Ship Owners course, we cover the essentials of revenue recognition, as well as the accounting for operating expenses, ship construction costs, depreciation, dry-docking, day-to-day maintenance, vessel impairment testing, and several related issues.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the different revenue-generating arrangements that a ship owner may use.
Recall the different types of expenses that a ship owner may incur to operate a ship.
Recognize the different types of costs that are capitalized into a ship asset.
Specify the rules used to derive the depreciation expense for a ship.
Major Topics
Types of Ships
Revenue Resources
Operating Expenses
Ship Owner Departments
Accounting for Financing of Ship Construction
Ship Purchase Commitments
Ship Construction Costs
Ship Depreciation Issues
