Share Block Companies - Introduction and Legal Requirements Affecting Accounting and Auditing

Price:
R422.05 (VAT Incl.)
Level:
Business Professionals
Sub-level:
Bodies Corporate
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


A share block scheme involves a share that confers a right to, or an interest in,
the use of specified immovable property.

The main object and business of a share block company is to operate a share block scheme in respect of immovable property owned or leased by it.

The accounting requirements and audit requirements are often misunderstood or vaguely known, and we are here to bring clarity by introducing you to the share block industry.

Aspects covered as part of this training session:

  • Various sets of legislation applicable to this industry
  • Basic transactions that may be applicable
  • Focus on accounting and auditing requirements

Our goal is to: 

  • Identify the various sets of legislation applicable to this industry
  • Simplify the legal requirements pertaining to accounting and auditing from the
    respective sets of legislation
  • Help you understand how revenue is generated and the typical accounting entries that are applicable to this type of entity 
  • Discuss the accounting framework that may be considered and the nature of
    assurance / non-assurance engagements applicable