Date on demand
|The Baltic Exchange
PnL 2: Forecasting, Management Reporting vs formal Accounting, full PnL
One-day deep dive into the potential and the pitfalls of PnL when managing shipping business
Time & Location
Date on demand
The Baltic Exchange, The Baltic Exchange, 38 St Mary Axe, London EC3A 8EX, UK
About the event
A one-day deep dive into the potential and the pitfalls of PnL when managing the business of Tanker, Dry Bulk, Ro-Ro, Containers, Parceling and Project shipping; and what Systems - human and IT - could be doing for your business.
Who is it for?
- Dry, Tanker, Container, Ro-Ro, Breakbulk, Parceling, Project and Heavylift
- Those who carry PnL Responsibility; Chartering and Operations Directors and Managers: structure and refresh their knowledge (CPD); learn of other sectors and broader industry practice
- CFOs, Financial Controllers, Accountants, Management Accountants, and Analysts in Shipping
- Services to Shipping: Audit and Accounting firms, Financial Analysts, Asset Managers
- Technology providers to Shipping: CIOs, IT Managers, Data Scientists, A.I. Analysts, Software houses
Learning outcomes
On completing this course, we expect you to be able to
- Explain the interests of formal Accounting and Management Reporting, and reconciliation points between the two
- Reflect on potential for realtime reconciliation of Voyage Management and Voyage Accounting with formal Accounting
- Reflect on potential for capturing estimates of PnL components and progressing them to actual in both, and reporting
- Be aware of technological possibility and industry best practice, and how it is applicable to particular sectors and business models
Investment:
GBP 300 + VAT for the full day
Includes written course materials, coffee breaks, sandwich lunch, and follow-up email tuition with the Instructor.
If you prefer that we invoice you or your company rather than paying online here, please use the "Contact" form on the site.
Full-time students have a concessionary rate of GBP 100 + VAT, on verification from the institution they are attending.
Content
may very according to the mix of attendees
- Fundamentals
o Smallest PnL unit
o Why TCE
o Accounting Periods
o IFRS x Management Reporting
o Decision-making: the Dendrogram
o Costing the vessel
>Real
>Convention
o Overheads
- Estimation to Actual
o Reconciliation with Accounts
o Status in relation to Accounts
>Accounts maps
- Accrual policies
o Level of detail
o Estimation versus Commitments
o ‘Speculative’ Ballast leg
- Period cutoff
o Management Reporting
o IFRS
o Reconciliation
- Forecasting
o Current commitment of vessels
o Revenue short-term
o Revenue medium-term
o Bunkers
o Cashflow forecasting and Working Capital
- Variance as a Control
- Performance
o Equalising or Benchmarking
o “Key” vessel, Vessel Rating
o Internal and External benchmarks
>C/P performance actual and claimed
- Data (technology)
o Warehousing
o End User Layer
- Reporting
o Dashboards
o Published reports
o What-if/Sensitivity
o Ad-hoc reporting
Tickets
Price
Quantity
Total
Shipping PnL 2 - 24 Sep 2019
£360.00
Shipping PnL 2: Profit/Loss, Mgt Reporting vs Formal Accntg - 24 Sep 2019 £300 + VAT
£360.00
0£0.00
Shipping PnL2 24.09: Student
£120.00
Shipping PnL 2: Student - Profit/Loss, Mgt Rptng vs Formal Accntg - 24.09.19 £100 + VAT
£120.00
0£0.00
PnL 2- 24.09 - Request Invoice
£0.00
PnL 2: Profit/Loss, Mgt Rptng vs Formal Accntg - 24.09.19 Please invoice me / my company £300+VAT or £100+VAT Student
£0.00
0£0.00
Total
£0.00