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HPTI
Port Security
Port Economics
Cost Accounting
Introduction to Port Management and Port Economics
Port Financial Management
Project Financing and Investment Planning
Port Marketing
Port Operations
Port Mechanical Engineering
EDP Support in Port Affairs
Maritime Administrations



HPTI
Hamburg Port
Training Institute GmbH

Überseezentrum
Schumacherwerder
D-20457 Hamburg, Germany

Phone: +49 40 - 788 78 - 0
Fax: +49 40 - 788 78 - 178

E-Mail: hpti@hpti.de

Port Economics

Cost Accounting

Elementary knowledge in accounting is an imperative and indispensable pre-requisite for managers.
The important concepts of cost centre accounting and cost unit accounting will be extensively developed and discussed in workshops and group work, as they are they form the basic requirements and prerequisites for cost control and the design of port tariffs.

Outline of Contents
The course comprises :
Definition of costs
Revenue and expenditure profit and loss
Output and costs
Basic principles of costs and accounting
Fix and variable costs
Interest and depreciation
Cost type accounting, cost unit accounting
Cost centre accounting
Port costs and charges
Current practices and principles of pricing, marginal cost pricing
Port profit maximisation
Strategic pricing, price differentiation and price discrimination
Tariff design
Value of money over time
General discounting techniques
Internal rate of return (IRR) and net present value (NPV)
Financial investment appraisal
Cost benefit analysis and social cost benefit analysis

Methodology
After explaining the basic concepts of cost accounting, the terms revenue/expenditure, profit/loss and output/costs will be defined, explained and discussed. This is followed by lectures and workshops on types of costs, cost centres and cost units.
A study of the value of money over time will lead to a discussion on the discounting of money, which is an integral part of most investment appraisal techniques.

Target group
All types of junior managers from ports and accounting staff



Still to be depreciated?



Introduction to Port Management and Port Economics

The basic principle of management as well as special management functions are introduced first, followed by lectures on corporate planning and the interactions of management with its clients, employees, customers, supervising bodies and the general public. Considerable time will be spend on costing, production functions, pricing, and operational cost efficiency.

Outline of Contents
Based on the basic principles of management special management functions are introduced and explained:
Corporate planning
Management's interaction with the environment
Management vs. administration
Principles of port management
Port master planning
Operations planning
Information requirements in the ports industry
Development of port technology
Production functions
Port congestion and queuing theory
Principles of pricing
Cost minimisation

Methodology
General lectures form the foundation of the subsequent lectures on port subjects, like port planning, port finance, tariffs, marketing, and information requirements.

Target group
Junior managers from all port related fields


Time for new horizons


Port Financial Management

Effective financial management is vital for port organisations, both public and private. Therefore the lectures under this heading will give a thorough introduction to port financial management. The year end statements of different port companies will be analysed in order to identify their competitive status from the financial side.

Outline of Contents
The legal and financial aspects of different types of port organisations are presented. The participants will be taught in
Understanding of balance sheets, profit and loss accounts
and cash flow
Analysing and interpreting company accounts
Marginal and absorption costing
Break-even analysis and contribution
Costing for decision making
Capital investment appraisal
Planning fin ancial requirements and budgeting
Use of EDP for the analysis of profitability
Working capital management
Measurement and control of divisional performance
Inter – divisional transfer pricing

Methodology
Lectures and groupwork, practical examples as well as team work exercises

Target group
Junior managers from all port related fields, Financial Department staff


Project Financing and Investment Planning

The application of modern methods for planning and evaluating projects is in many areas the exception rather than the rule. The lectures in this topic will provide the participants with a advanced knowledge of these methods for effective pre–investment analysis and project appraisal. Different techniques will be introduced and their applicability to port investments discussed.

Outline of Contents
The following topics are part of the seminar
Project development cycle
Technical analysis
Cash flow and investment criteria
Financial evaluation under uncertainty
Principles of cost-benefit-analysis
Alternative method of economic project evaluation
Project appraisal

Methodology
In lectures and case studies a thorough insight in the relevance and applicability of project development is given.

Target group
Junior managers from all port related fields