Accounting for Ship Owners

Manage the complex accounting demands of ship ownership and maritime operations. This course explains how to recognize revenue, record operating expenses, and account for ship construction costs. Learn to handle depreciation, dry-docking, routine maintenance, and vessel impairment testing. Apply industry-focused guidance to organize high-volume transactions and produce accurate financial statements tailored to shipping operations. Strengthen your oversight and improve reporting in this capital-intensive industry.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1176

Learning Objectives
  • 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.