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Financial statements for sectional title schemes:
Stakeholders in sectional title property place great reliance on the audited annual financial statements of bodies corporate for decision-making purposes. However, because of the specialised nature of such statements, many stakeholders have difficulty in understanding the financial reports of their schemes. Some people have no insight at all into these financial statements. This is unfortunate because the ability to analyse and interpret financial statements is the basis for smart decision making.
New and significant changes
The new Sectional Title Schemes Management Act (STSMA) contains many additions and changes to the mechanics of body corporate bookkeeping and financial management, making the situation even more complex. With risk intensifying, it is becoming increasingly important that sectional title stakeholders fully grasp the concepts used in their audited financial statements and the contents of those statements.
The seminar aims to unlock the meaning of body corporate financial statements and audit reports for a wide range of stakeholders.
Content of the seminar
This seminar is designed to -
There will be -
The seminar will equip attendees with a simple and logical approach to the analysis and interpretation of body corporate financial statements. In addition to the basics of trend and ratio analysis, industry-specific benchmarks will be discussed.
View seminar content here
Who should attend?
The seminar is aimed at all property practitioners, such as the managing agents of bodies corporate, attorneys, estate agents, accounting and auditing practitioners providing services to sectional title schemes, as well as the trustees of bodies corporate, owners of sectional title units, developers and investors in sectional title schemes.
As is the case with all our seminars, each attendee will receive a well-researched and comprehensive set of notes to use in practice.
Presenter – Leandi Steenkamp
Leandi Steenkamp is an academic and an accounting professional. She began her career with the audit firm PwC, where she completed her training contract as a chartered accountant, and later gained extensive experience in accounting, financial auditing, internal auditing and information systems auditing. After leaving PwC, she was appointed as audit manager at the Office of the Auditor-General of South Africa. From 2009 onwards she has been a senior lecturer in the Department of Accounting and Auditing at the Free State Central University of Technology, where she is happily engaged in teaching and research.
Dates and venues
Registration: 08:00 – 08:30
R1,590for early registration*; or
R1,390for very early registration*
10% discount on each of the above price levels for two or more people from the same law firm or company
* Cut-off dates for early fees on the registration page