Association of Residential Managing Agents

Members' Area

TC11: Residential Service Charge Accounts Guidance

LONDON - Kensington [Sold Out]

Date: 03/12/19

Duration: 7 hours

Start Time: 09:30

End Time: 05:00

Price for Members of ARMA: £195.00+VAT

Price for Non-member: £270.00+VAT

LONDON - Metro Bank - WC1B 5HA

Date: 23/04/20

Duration: 7 hours

Start Time: 09:30

End Time: 05:00

Price for Members of ARMA: £195.00+VAT

Price for Non-member: £270.00+VAT

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Description

A one day interactive discussion forum addressing best practice for service charge accounting.


Content

[NOTE: This forum is not designed to teach book-keeping and is not suitable for relatively inexperienced accounts staff or property managers.]

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 about 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

 


Audience

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

 

[NOTE: This forum is not designed to teach book-keeping and is not suitable for relatively inexperienced accounts staff or property managers.]