You can pick a shipping company.

Regarding your assignment, please consider the following topics::

• You have to select a shipping company that (preferably) follows IFRS for financial reporting purposes. You may also select a company that follows US GAAP for financial reporting purposes, but in that case, you may notice some differences of IFRS versus US GAAP Accounting and Reporting Issues
• For the latest available annual report (year 2020 ) you will have to :
  • Write a report on the effective implementation of IFRS requirements on your case (selected company)
  • Please focus on the selected key concepts covered by the course i.e.
• Thematic area 1 (Presentation of Financial Statements)
• Thematic area 2 (Property, Plant & Equipment i.e. shipping accounting for owned Vessels by shipping companies)
• Thematic area 3 (Impairment of Assets/vessels)
• Thematic area 4 (Revenue Recognition)
• Thematic area 5 Financial Instruments (IFRS 9, Hedge Accounting)
• Thematic area 6 (Lease Accounting)
• Thematic area 7 (Special Tax Issues for Shipping Companies)
• Thematic area 8 Presentation of Accounting information by using DANAOS (Marine Accounting Information System), if applicable

You will need to consider the size and shape of the assignment, deciding if your choice can be presented in a way that makes it accessible as an implementation guidance tool to the reader.