Accounting for Ship Owners (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
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.

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 "Purchase Course" near the top of this page 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.

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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.