Description
Learning Topics
Learning Unit 1: Legislation governing Property Practitioner Trust accounts and financial service providers
- The Property Practitioners Act, 22 of 2019 (“PPA”)
- Financial Intelligence Centre Act, 2001 (“FICA”)
- Protection of Personal Information Act, 2013 (“POPI”)
Learning Unit 2: Financial processes and Reporting
- How do Property Managers open a Trust account?
- What kind of payments are held in Trust accounts?
- Importance of the correct Accounting system
- Functions within the Trust Accounts Department
- Agent fees and chart of accounts
Learning Unit 3: Trust & Accounts Management
- Trust accounts best practice guiding principles
- Common Trust accountancy mistakes to avoid
- Elements of good internal controls and procedures
Learning Unit 4: Strategic Objectives, Employee Benchmarks and Reporting
- Balanced Scorecards
- Employee Benchmarks
- Monthly reporting
- Suggested exception reports
