TC11: RESIDENTIAL SERVICE CHARGE ACCOUNTS GUIDANCE
SUSPENSION OF ARMA TRAINING FOR MARCH AND APRIL 2020
After careful monitoring of the development and the spread of Covid-19 taking into account the health and safety of our members and employee’s, we at ARMA have taken the decision to suspend all training courses with immediate effect until the end of April 2020.
For those who have booked places to attend our training courses we will refund payment back to the card used at the time of booking.
New courses dates for all our training courses will be arranged in due course, and we will circulate these by the usual means which does mean that you will need to re-book to attend the training courses.
I am sure that you will also support us in this difficult decision that we at ARMA needed to prioritise the health and safety of all and minimise the spread of the virus.
Please accept our sincere apologies for any inconvenience this may cause
Should you have any further queries please contact us at email@example.com
09:30 – 17:00
|London - Metro Bank - WC1B 5HA
A one day interactive discussion forum addressing best practice for service charge accounting.
WHAT YOU WILL GET OUT OF IT:
- Understand the difference between corporate and service charge accounting
- Gain an overview of corporate accounts: RMCs, dormant companies, legal requirements, etc.
- Learn best practice for service charge accounting from budget to year end
- Find out about the management of receipts and payments
- Explore the procedures for the accurate allocation of costs
- Learn bout the production of accounts under lease and legal requirements
- Explaining service charge accounts - accruals, prepayments, balance sheet
- Understand reserve fund expenditure
- Find out how to treat year end surpluses and deficits
- Learn about the chain of responsibility including who signs off the accounts
- Appreciate the benefits of adopting new articles for RMCos
- Understand taxation issues in connection with RMCos and with service charge accounts/income
- Get the opportunity to discuss common problems encountered in presenting accounts to clients and leaseholders
WHO SHOULD ATTEND:
- Accounts staff who need to understand the requirements of lease and law in the production of accounts
- Property managers whose input is required during the service charge year from their clients
- It may also be suitable for senior managers who are responsible for the corporate strategy within their accounts department
This course has been revised to provide for discussion on the recent release of FRED 50 (the Financial Reporting Council draft on RMC's Accounts) and its implications for property managers, their clients and external accountants.
CLICK HERE FOR MORE INFORMATION OR TO BOOK YOUR PLACE