Elective – Trust Accounting Technical Skills (1 Hour)

Licence Class: Class 1
CPD Allocation: 1 Hour
CPD Category: Elective
CPD Learning Area: Trust Accounting Principles & Audit Requirements

Sponsored by

Method of Delivery: This is a Webinar (On-Demand), available to be watched and the assessment completed at your convenience, on the SCA e-Learning Platform any time before the end of the CPD Year (23 March 2021 – 22 March 2022).

Course Format:

• Recorded Webinar
• Online Assessment

Presenters:

• Peter Dawkins, Kelly + Partners
• Anthony Montibeler, Norwest Strata

Topic Overview

This session will detail the basics of trust accounting including: the requirements for accounts pursuant to the Act, interpreting the balance sheet and key financial statements, dealing with GST and how to present financials to an Owners Corporation or Association.

A large part of a Strata Manager’s role is to manage the finances on behalf of their clients, equally, explaining the finances to owners requires skill. A demonstration of how to present an annual financial report will be part of this session, attendees will be able to take away key learnings to apply in their own role.

Learning Outcomes

Participants will gain an understanding of:

• How to interpret key financial reports that Strata Schemes and Associations must keep pursuant to Sections 92 and 99 of the Strata Schemes Management Act 2015 and Schedule 1, Part 4 of the Community Land Management Act 1989
• GST for Schemes and Associations, including what the threshold is for GST registration
• How to explain GST to clients

Assessment Delivery and Certificates 

Assessments are multiple-choice. Access to assessments is provided to students on the SCA e-Learning Platform.

Upon successful completion of assessments, students will receive their Certificates via email, and can download them from the SCA e-Learning Platform at their convenience.

Education Terms and Conditions can be found in our Education Handbook.