FOB Shipping point and FOB destination Accounting

Course Info

Date: June-16-2025

Length: 1 Week

City: Athens

Fees: 5,400

Type: In Classroom

Available Dates

  • Dec-09-2024

    Athens

  • Jan-20-2025

    Athens

  • Feb-17-2025

    Athens

  • Mar-17-2025

    Athens

  • Apr-21-2025

    Athens

  • May-19-2025

    Athens

  • June-16-2025

    Athens

  • July-21-2025

    Athens

  • Aug-18-2025

    Athens

  • Sep-22-2025

    Athens

  • Oct-20-2025

    Athens

  • Nov-17-2025

    Athens

  • Dec-15-2025

    Athens

Dates in Other Venues

  • Dec-09-2024

    Dubai

  • Dec-09-2024

    Hamburg

  • Jan-06-2025

    Dubai

  • Jan-13-2025

    Istanbul

  • Jan-13-2025

    Rotterdam

  • Jan-20-2025

    Hamburg

  • Jan-27-2025

    London

  • Feb-03-2025

    Dubai

  • Feb-10-2025

    Rotterdam

  • Feb-10-2025

    Istanbul

  • Feb-17-2025

    Hamburg

  • Feb-24-2025

    London

  • Mar-03-2025

    Dubai

  • Mar-10-2025

    Istanbul

  • Mar-10-2025

    Rotterdam

  • Mar-17-2025

    Hamburg

  • Mar-24-2025

    London

  • Apr-07-2025

    Dubai

  • Apr-14-2025

    Istanbul

  • Apr-14-2025

    Rotterdam

  • Apr-21-2025

    Hamburg

  • Apr-28-2025

    London

  • May-05-2025

    Dubai

  • May-12-2025

    Istanbul

  • May-12-2025

    Rotterdam

  • May-19-2025

    Hamburg

  • May-19-2025

    London

  • June-02-2025

    Dubai

  • June-09-2025

    Rotterdam

  • June-09-2025

    Istanbul

  • June-16-2025

    Hamburg

  • June-23-2025

    London

  • June-30-2025

    Dubai

  • July-07-2025

    Dubai

  • July-14-2025

    Istanbul

  • July-14-2025

    Rotterdam

  • July-21-2025

    Hamburg

  • July-28-2025

    London

  • Aug-04-2025

    Dubai

  • Aug-11-2025

    Rotterdam

  • Aug-11-2025

    Istanbul

  • Aug-18-2025

    Hamburg

  • Aug-25-2025

    London

  • Sep-01-2025

    Dubai

  • Sep-08-2025

    Rotterdam

  • Sep-08-2025

    Istanbul

  • Sep-22-2025

    London

  • Sep-22-2025

    Hamburg

  • Sep-29-2025

    Dubai

  • Oct-06-2025

    Dubai

  • Oct-13-2025

    Rotterdam

  • Oct-13-2025

    Istanbul

  • Oct-20-2025

    Hamburg

  • Oct-27-2025

    London

  • Nov-03-2025

    Dubai

  • Nov-10-2025

    Istanbul

  • Nov-10-2025

    Rotterdam

  • Nov-17-2025

    Hamburg

  • Nov-24-2025

    London

  • Dec-01-2025

    Dubai

  • Dec-08-2025

    Istanbul

  • Dec-08-2025

    Rotterdam

  • Dec-15-2025

    Hamburg

  • Dec-22-2025

    London

  • Dec-29-2025

    Dubai

Course Details

Course Outline

5 days course

General Accounting Principles and Concepts

  • Accounting Guidance in FOB shipping
  • Identification and division of costs in FOB shipping
  • Identification of FOB shipping point
  • Identification of FOB destination

Preparation of FOB accounts

  • Treatment of FOB freight prepayments
  • Treatment of FOB shipping point, freight prepaid and charged back

Accounting treatment of non-FOB items:

  • Free alongside
  • Free carrier
  • Delivered ex-ship
  • Ex-works

Treatment of income:

  • Freight, primage, passage money. 
  • Valuation of closing inventories, unfinished coals, fuels, etc.
  • Provisioning for unfinished voyages.

Accounting for FOB Shipping consignment

  • Accounting entries for FOB consignments,
  • Accounting entries in the books of the FOB consignor 
  • Accounting entries in the books of the FOB consignee
  • Physical inventory count
  • Sale of inventory by consignee
  • Recognition of profit

Performance measurement in shipping business

  • Liquidity measurement ratios
  • Cash flow management
  • Profitability ratios
  • Debt and equity considerations

 Key reporting accounting and reporting issues

  • Going concern assessment
  • Fair valuation assessment of vessels
  • Drydocking, construction, retrofit delays. 
  • Impairment assessment of vessels
  • Impairment assessment of goodwill
  • Joint operations arrangements under IFRS 11