Course Overview
Reviewing financial statements is a vital skill for anyone working in trust and company administration.
This course is designed to build confidence and capability in understanding and reviewing financial statements in a trust and corporate services context.
It is ideal for:
· those who have come up through the ranks with strong trust experience but feel less confident when it comes to understanding the numbers side of things
· those that have outsourced trust and company bookkeeping or financial statements production to an external provider and want to ensure that what is received is fit for purpose before signing off
· non-accountants who need to review financial statements in a trust and corporate services context
· qualified accountants seeking practical, real-world techniques to sharpen their review skills.
The course will demystify trust and company financial statements, helping delegates to understand their structure, purpose and key accounting principles.
Through practical exercises and real-world examples, delegates will build the confidence to review financial statements, spot inconsistencies and communicate findings effectively.
Course Content
During the course, delegates will explore:
- What Financial Statements are, who uses them and what they’re designed to achieve
- Legal requirements in regard to financial statements for
trusts and companies administered by Corporate Service Providers in Guernsey
- The role of Generally Accepted Accounting Principles (GAAP) and how they shape financial statement content
- Key Accounting Principles and Theoretical Concepts and how to apply them effectively in delegates’ day-to-day roles
- Practical, hands-on techniques for reviewing trust and company financial statements commercially
A group review exercise to consolidate learning through real-world application
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Course Benefits
By the end of the course, delegates will be able to:
· Conduct practical, effective reviews of trust and company financial statements
- Understand how accounting standards influence the structure and content of financial report
- Approach the reading, preparation, and review of financial statements with greater confidence
Recognise common errors in trust and company financial statements
Prerequisites
None
Next Steps
If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 244570.
If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.