Can someone please share thoughts around generic accounting issues in the marine industry. The nature of activities will involve using small ships (bareboat) to provide marine terminal services to clients on ports around the world ? From the top of my head, I can see following major issues to be considered:

- Revenue recognition

- Repair cost of ships and capitalisation of subsequent cost

- Treatment of lease income /expense if boats are let out/taken on lease

- Derivative accounting issues (long term fuel contracts ?)

Any other issues or more light on above highlighted areas?

Related posts:

1. Accounting Carbon Trading – Carbon Emission Reductions Hi Does any one have any write up for accounting...
2. Airline MRO Billing Accounting I work in a company specialized in doing MRO for...
3. IIR’s 14th Annual Tax, Accounting & IFRS for Oil & Gas companies – Register by 11 September & SAVE up to £850 Dear Members IFRSLIST.com is Media Partner of IIR’s 14th Annual...
4. Leasing – How to Hi all, Any idea on this please… a lease to...
5. IAS 8 – ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES AND ERRORS Dear Experts, Please give your opinion on the following on...

Related posts brought to you by Yet Another Related Posts Plugin.