After this course you will be able to perform routine financial transactions and calculations and need to apply the processes and procedures necessary to initiate the recording of disbursements and revenues, and to understand the financial implications to the organisation of each element in the transaction.

The qualifying learner is capable of:

• Explaining items of expenditure and revenue.
• Explaining fixed and variable costs.
• Performing invoicing operations and post amounts to the appropriate accounts.
• Reconciling and identifying individual transactions with statements of accounts.
• Identifying and disbursing the items on behalf of the organisation to be recovered in the invoicing process.
  

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WHAT YOU WILL LEARN:

• • Explain items of expenditure and revenue.
  • A definition of expenditure is provided in the context of freight forwarding and customs clearing.
  • A definition of revenue is provided in the context of freight forwarding and customs clearing.
  • The difference between expenditure and revenue are explained as they apply to freight forwarding.
  • Explain fixed and variable costs.
  • Fixed cost is defined with examples.
  • Variable cost is defined with examples.
  • Three examples are provided where fixed costs could happen.
  • Examples are provided where variable costs could be confused as fixed costs.
  • Three examples must be given.
  • The consequences of a variable cost being confused as a fixed cost is explained with examples.
  • Perform invoicing operations and post amounts to the appropriate accounts.
  • An invoice is prepared which has items of expenditure and items revenue for a sea freight shipment for a full container load and import which has paid customs duty, duty schedule, and the ocean freight is on a collect basis.
  • An invoice is prepared for an air freight export shipment which has items of expenditure and items of revenue where the master airway bill is collected, insurance must be invoiced as well as cartage collection charges.
  • The expenditure items must be posted to the appropriate accounts for both the seafreight and airfreight invoices.
  • A record is made up of the over-recoveries of the items of expenditure which must later be taken to profit.
  • Reconcile and identify individual transactions with statements of accounts.
  • Ocean freight or air freight is identified as items of the organisations invoices.
  • Cartage is identified as an item of the company’s invoices and statements from the transporter taking into account all over-and-under recoveries.
  • All landside and surface charges are identified including port authority charges, airline charges, depot charges and carrier’s handling.
  • All customs and charges are identified and reconciled with bills of entries, statements and deferment accounts.
  • Other disbursements charges are identified and reconciled with invoices from those parties taking into account all over-and-under recoveries.
  • Other disbursements may include but is not limited to other agents’, storage charges, packing, fumigation, inspection, insurance.
  • Supplementary charges from outside parties are identified and reconciled to the organisations invoice taking into account all over-and-under recoveries.
  • Supplementary invoices are disbursed by the organisation and account for all disbursement items which have been invoiced.
  • Reconciliation is made between the invoices and statement of accounts.
  • Identify and disburse the items on behalf of the organisation to be recovered in the invoicing process.
  • Cartage charges as disbursed by the organisation, are identified and posted to the cartage disbursement account.
  • Storage charges as disbursed by the organisation are identified and posted to the storage disbursement account.
  • All special charges such as extra attendance are disbursed by the organisation are identified and posted to the disbursement accounts.
    

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Basic Accounting & Invoicing 1- Online Short Course appeared first on School of Shipping.

The person completing this course is able to provide a function that includes international buying and therefore carry out tasks within the international purchasing function. The learner will also be able to place purchase orders, ensure performance criteria are met and process a notice in the event of loss, damage or discrepancy of cargo.

The qualifying learner is capable of:

• Arranging a purchase order with an appointed supplier on receipt of requisitions.
• Following up and expedite international purchase orders.
• Initiating claims procedures in respect of goods that are received lost, damaged or discrepant.
  

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WHAT YOU WILL LEARN:

• Arrange a purchase order with an appointed supplier on receipt of requisitions.
• Procedures for purchasing internationally sourced goods are described in terms of legislation and organisational policy and procedures.
• International purchasing requisitions are checked for compliance with relevant purchase contracts and compliance with international trade laws and regulations.
• Authorisation for completed purchase orders is obtained in terms of procedures.
• International purchase orders are placed with suppliers for implementation.
• International purchase orders are distributed to relevant parties for implementation.
• Relevant parties are supplier, bank, forwarder, internal parties such as finance.
• Follow up and expedite international purchase orders.
• Deadlines are set for critical points in the international purchase order supply chain.
• International purchase order progress is monitored against critical point deadlines.
• Non-performance against critical point deadlines is reported in terms of organisational policies and procedures.
• The progress of international orders is communicated to authorised parties.
• Initiate claims procedures in respect of goods that are received lost, damaged or discrepant.
• Procedures are carried out for receipt of internationally purchased goods and noting of loss, damage and discrepancy.
• Notice is sent to all parties of loss and damage to or discrepancy in cargo.
• Receipt of notice of damaged cargo received from all parties and is confirmed and noted in accordance with organisational policy and procedures.
• Damaged cargo is inspected is done and noted, photographs taken and filed for future reference.
  

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post International Purchasing Online Short course appeared first on School of Shipping.

The person completing this course is able to prepare accurate estimates in respect of forwarding and clearing operations from source documents. The learner will also be able to analyse and recommend routing options for the client, and provide the estimates in the required format and time-frame.

The qualifying learner is capable of:

• Determining cost criteria.
• Selecting routing structure.
• Calculating and communicating estimates.
  

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WHAT YOU WILL LEARN:

• Determine cost criteria.
• The cost structure and terminology is explained in terms of door-to-door multimodal transport operations.
• Multimodal may include but are not limited to courier, air, road, rail, sea and combinations thereof.
• Charges are determined by comparing volume and weight.
• Criteria may include but is not limited to freight tonnage, chargeable weight, road freight ton and harbour tonnage.
• Cargo characteristics and client requirements are examined in order to determine transport mode.
• Cost elements applicable to the transaction, are identified for the purpose of calculating the estimate.
• Cost elements may include but are not limited to contract purchase terms, routing and mode options, statutory charges, third party providers and customer specific rates.
• The consequences of not including all cost elements and miscalculating freight tonnages are explained in terms of client relations.
• Select routing structure.
• Routing options are analysed for the purpose of selecting the most appropriate option to suit client’s needs.
• Recommendations are made to client on the appropriate option.
• Agreement is obtained on the routing and mode to be used in the estimate.
• Calculate and communicate estimates.
• Cost structure is identified appropriate to the selected mode and routing.
• Estimate of costs are determined in accordance with selected criteria.
• Completed estimates are submitted for checking and approval in accordance with organisational policies and procedures.
• Approved estimates incorporating endorsements are passed on to authorised parties.
• Endorsements may include but are not limited to company standard trading conditions, ruling exchange rates, third party quotations and conditions.
• Estimates are referenced and recorded for the purposes of monitoring acceptance and of comparing costs of actual corresponding shipments.
• The consequences of submitting inaccurate, unapproved and unendorsed estimates are explained with examples.
  

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Generate shipment cost estimates – Landed Costing – Online Short Course appeared first on School of Shipping.

The learner completing this course is able to apply a comprehension of foreign exchange concepts to the administration of the foreign exchange receipt and payment systems in an international trading company.

The qualifying learner is capable of:

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.
  

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WHAT YOU WILL LEARN:

• Verify foreign exchange transactions.
• Supplier’s documentation is checked for correctness of foreign exchange elements and compliance to relevant exchange control regulations.
• Suppliers documentation may include but is not limited to letters of credit, commercial invoices, freight statements, customs declarations, transport documents, ammeters.
  Foreign exchange elements may include but are not restricted to foreign currency, exchange rate exchange rate dates.
• Foreign exchange payment of goods and services are examined for compliance with company systems and procedures and compliance with relevant exchange control regulations.
• Consequences of non compliance with procedures and exchange control regulations are explained in the context of international trade.
• Carry out foreign exchange receipt and payment procedures.
• Foreign exchange risk management procedures are performed in order to minimise exposure to possible exchange rate fluctuation.
• Foreign exchange risk management procedures may include but are not limited to monitoring of exchange rate fluctuations, initiating and managing forward exchange contracts.
• Foreign exchange payment receipts are converted and accounted for in terms of generally accepted accounting practices (GAAP).
• Payment methods are selected in terms of the nature of the transaction being conducted.
• Payment methods may include but are not limited to electronic banking, telegraphic transfers, bank draft, cash.
• Payment documentation is prepared in terms of the payment method selected.
• Payment is initiated in terms of authorisation limits.
• Consequences of failing to carry out foreign exchange payment and receipt procedures are explained in terms of impact on the organisation.
• Report on foreign exchange transactions.
• Reports are compiled and submitted on the organisation’s foreign exchange receipts and payments.
• Reports are compiled and submitted on the organisation’s foreign exchange risk exposure in terms of the management thereof.
• Recommendations are made regarding improvements to the organisations foreign exchange administration procedures.Duration

  You may begin at anytime and the training should take approximately 4 weeks to complete on a part time basis.

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  Course Delivery

  The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

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  Assessment and Award of the Certificate

  You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

  ---

  Entry Requirements

  The only entry requirement for this course is a desire to learn and advance your career.

  In order to do this course, you will need:

  • An email account
  • Access to a computer and the internet
  • Be able to open and read PDF documents
  • Read and write in the English language

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The post Administer Foreign Exchange transactions in an International Trading Company – Online Short Course appeared first on School of Shipping.

People completing this course are able to:

• Use mathematics to plan and control personal and/or household budgets and income and expenditure.
• Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.
• Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.
  

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WHAT YOU WILL LEARN:

• Use mathematics to plan and control personal, regional and/or national budgets and income and expend
• Plans describe projected income and expenditure realistically.
• Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.
• Budgets are presented in a manner that makes for easy monitoring and control.
• Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
• Bank accounts, provincial and key elements of national budgets and tax.
• Use mathematics to plan and control personal, regional and/or national budgets and income and expenditure.
• Plans describe projected income and expenditure realistically.
• Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.
• Budgets are presented in a manner that makes for easy monitoring and control.
• Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
• Bank accounts, provincial and key elements of national budgets and tax.
• Use simple and compound interest to make sense of and define a variety of situations.
• The differences between simple and compound interest are described in terms of their common applications and effects.
• Methods of calculation are appropriate to the problem types.
• Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.
• Solutions to calculations are used effectively to define the changes over a period of time.
• Effective and nominal rates, commission, appreciation and depreciation.
• Use simple and compound interest to make sense of and define a variety of situations.
• The differences between simple and compound interest are described in terms of their common applications and effects.
• Methods of calculation are appropriate to the problem types.
• Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.
• Solutions to calculations are used effectively to define the changes over a period of time.
• Effective and nominal rates, commission, appreciation and depreciation.
• Use mathematics to debate aspects of the national economy.
• Values are calculated correctly.
• Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.
• Debating points are based on well-reasoned arguments and are supported by mathematical information.
• Tax, productivity and the equitable distribution of resources.
• Use mathematics to debate aspects of the national economy.
• Values are calculated correctly.
• Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.
• Debating points are based on well-reasoned arguments and are supported by mathematical information.Tax, productivity and the equitable distribution of resources.
  

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

se

The post Basic Financial Mathematics Online short course appeared first on School of Shipping.

The program is designed to provide non financial managers with a better understanding of  financial management and  empowers learners with enough understanding of the financial forces that affect the Decision making process. Delegates will be given the ability to interpret financial statements and use the information to make those financial decision.

TARGET AUDIENCE

The Online Training will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures and terminology.

WHAT THIS COURSE CAN DO FOR YOU…  

Understand the importance of financial management

Identify, solve problems and make financial decisions

Understand basic accounting principles and concepts

Analyse the elements of an income and expenditure statement

Analyse the elements of a balance sheet

Be able to compile a personal assets and liabilities statement

COURSE CONTENT

Accounting Concepts and Principles

Understand accounting principles and concepts

Understand entries in the general journal and ledger

Terms, language and concepts used in accounting

Depreciation

Principle of depreciation

Types of depreciation used in business

Calculating different types of depreciation

How depreciation affects the worth of a business

The Accounting Cycle

Understand the process of Accounting

The Accounting Cycle

Recording entries in the general ledger

Draw up and interpret a Trial Balance

The Income Statement

Components of an Income Statement

How to calculate gross profit

How to compile and interpret an Income Statement

Understand the link between Income Statement and Balance Sheet

The Balance Sheet

Components of the Balance Sheet

Compile and interpret a Balance Sheet

Ensure that the business is performing at its optimal level

The Working Capital Cycle

Components of working capital – assets, liabilities and net current assets.

Consequences of poor management of working capital

Improving the management of working capital

Understand the working capital cycle to assist a business in running profitably.

Cash Flow

Components of the cash flow statement.

Understand how to interpret the cash flow statement.

Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Basic Accounting 2 – Online Short Course appeared first on School of Shipping.

What you will Learn:

Foreign exchange transactions in an international trading company

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.
  

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Gather information and report on client profitability

• The concept of profitability benchmarking.
• Handling rate structure alternatives to those engaged in securing new business and retaining existing business.
• Processing and reporting on actual vs. benchmark profitability results to affected parties.
  

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Generate shipment cost estimates                                                                                   

• Determining cost criteria.
• Selecting routing structure.
• Calculating and communicating estimates.
  

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Perform international purchasing functions    

• Arranging a purchase order with an appointed supplier on receipt of requisitions.
• Following up and expedite international purchase orders.
• Initiating claims procedures in respect of goods that are received lost, damaged or discrepant.
  

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Perform international trade calculations

• Using factorisation techniques for the purpose of allocating costs in international trade transactions involving a number of commodities.
• Applying percentage calculations in pricing negotiations, in order to determine their viability.
• Explaining and converting foreign currencies as part of landed and export costing calculations.
• Calculating interest on amounts owing and owed to the business for the purposes of cash flow management.
• Explaining and calculating landed and export costing using given variables.
• Performing break-even analysis.
• Performing cash flow analysis as part of international project management.
  

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Duration

You may begin at anytime and the training should take approximately 14 weeks to complete on a part time basis.(6-8 Hours of study per Module)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Global Trade Financing and Purchasing – Online Short Course appeared first on School of Shipping.