FINANCIAL INSTRUMENTS FOR MAKING DECISIONS TO MANAGE THE EFFICIENCY OF A SHIPPING COMPANY

Abstract

Abstract: The task of compiling a general algorithm for managing the financial activities of a shipping company carrying out cargo transportation with a fleet of its own or leased ships is considered. When solving this task, attention is paid to the following documents and procedures: income statement, balance sheet, cash flow statement of the shipping company, voyage cash flow analysis, annual cash flow analysis. In the process of developing and presenting each specific algorithmic approach, the following sequence is used:

1. Theoretical basis based on the International Financial Reporting Standard IFRS, adopted by the European Union for public companies.
2. Verification of the procedures for applying financial instruments for characteristic types and sizes of ships.