Understanding Property Accounts

Bayfield Training

Course

Online

£ 950 + VAT

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Description

  • Type

    Intensive workshop

  • Level

    Beginner

  • Methodology

    Online

  • Duration

    1 Day

You already understand the key transactions within property (rent, service charge, debt, valuation etc), however, do you understand how these transactions are accounted for in a set of financial statements?

This course will show you an insightful way to read a set of property accounts under International Financial Reporting Standards (IFRS). The 1-day course includes essential topics related to the realms of accounting, finance, and real estate investment, which will help delegates have more comprehensive understanding of property companies.

Important information

Documents

  • Understanding Property Accounts.pdf

About this course

Recognise the underlying principles of accounting and the nature of property reporting
Uncover key information in property company accounts that will provide you with a better understanding of the property or portfolio.
Empower yourself to ask relevant questions when reviewing accounts.
Understand what key information needs to be provided to accountants so as to ensure accounts are accurately prepared.
Key ratio analysis of accounts and understanding funding and where the cash is going.

Directors and managers in property companies or related industry
Fund managers
Real estate investors
Financial analysts
All keen Professionals
Surveyors
People interested in learning about the real estate sector reporting

We received your request and will get back to you with a response as soon as possible.
If you have any further questions, please contact us by email: R.Augustiniene@bayfieldtraining.com.

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Reviews

Subjects

  • Retail
  • Market
  • Hiring
  • Shopping
  • Shopping Centre
  • Management
  • Team structures
  • Organisational Chart
  • Mainstream
  • Medium
  • Structures
  • Responsibilities
  • Organisations
  • Market sectors

Teachers and trainers (1)

Bayfield Training

Bayfield Training

Proviider

Course programme

Course Outline

Day One


The basics of accounting

• Cash vs accrual

• Assets, liabilities and equity

• IFRS, FRS102, UKGAAP, USGAAP, LUXGAAP??

• Group accounting – the structure chart, JV’s and the effect on reporting


Introduction to financial statements

• Balance sheet

• Income statement

• Cash flow statement

• Notes to the accounts

• Audited vs non-audited

• Directors responsibilities


Property

• Classification and valuation

• Freehold vs leasehold

• Completion statements


Leases

• Basic accounting

• Rent incentives

• Rental uplifts, rent reviews


Debt

• Different types of debt

• Loan related costs

• Interest

• Hedging - Swaps and Caps

• Loan covenants

• Interest on development loans


Tax and VAT

• A basic introduction to VAT and property tax


General property related trancactions

• A summary of general day-to-day transactions detailing the basic accounting and where to locate the transactions in a set of financial statements

• Includes: Service charge, surrender premiums, rent guarantees, dilapidations, rent deposits, non-recoverable expenditure, management fees etc


EPRA, AREF, INREV Net asset values

• Understanding property sector specific net asset values

• The differences between these net asset values and the accounting net asset value


Ratio analysis

• Applying ratio analysis to property accounts

Case study: Dissecting a listed REIT’s financial statements, using all that we’ve learnt, bringing the numbers to life in a real REIT

See related categories

Understanding Property Accounts

£ 950 + VAT

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