Interpreting a set of trust accounts

Professional Development

Overview

This course helps delegates understand and interpret at a low level what the financial statements of a trust are telling the readers. It is suitable for trainee administrators who have to review trust accounts.

Suitable For

This session is suitable for those people who are new to the finance industry, but have a little knowledge of double-entry bookkeeping and financial statements.

3 CPD hours
3 hours
Jersey

Learning Outcomes

Having attended this course, delegates will:

  • Understand how the income and wealth of a trust are shown
  • Look out for key areas where the knowledge as an administrator should be reflected in the financial statements
  • Have more confidence in dealing with accounts and figures at a low level

Seminar Content

  • Understanding different types of trust from an accounting perspective
  • The format of trust accounts
  • Income versus capital
  • Interpretation of company‚Äôs vs trusts
  • Practical case studies