Trust Accountant 面试求救

琴儿

下星期1有个contract assistant trust accountant position 面试， 没有过什么trust accountant的工作经验， 这个职位是一个土地开发商MAB底下的property的trust accounting 的工作， 有相关工作经验的TZ可否赐教两下， 让我好有个idea. 我把job description上传了, 有时间的朋友帮忙看看，急啊。。 many thanks!
Assistant Trust Accountant - (Contract)
Serviced Apartment (hospitality) industry
The Company
My client is a premier provider of Serviced Apartment’s in Melbourne’s CBD.  This group is part of a global hotel chain and also affiliated with a highly successful Australian owned property group.

The Role
Reporting to the General Manager and Financial Accountant, your duties will cover:

Processing trust accounts data
Processing high volume of invoices
Reconciliation of agent ledgers
Providing general accounting assistant

To be successful in this role you will have:

Strong accounts experience
Previous experience in a high volume environment

Previous exposure to hospitality to trust accounting will be highly regarded but not essential.

[ 本帖最后由 琴儿 于 2008-7-24 23:39 编辑 ]

琴儿

  anyone notice this thread?

xingbu

mm不要急， 现在人不多， 等会儿lunch time的时候看的人会多一些。帮你顶啊。

Artcore

俺也没有Trust Accounting的经验, 只知道Lawyers and Accountants, 都有客户的Trust accounts, 必须每年audit.

Deloitte/EY/PWC 好像有Trust Account Model Accounts, 还有的是XYZ Pro-forma account.

以下是俺从CCH抄来的, 可能有些帮助

TRUST ACCOUNTING
Distinction between capital and income

In keeping the accounts and records of a trust, a distinction between capital and income needs to be made. In particular, it will be necessary to examine and apply this distinction where, for accounting purposes, one beneficiary, or a group of beneficiaries, is entitled to income, and another beneficiary, or another group of beneficiaries, is entitled to the trust capital.

It is important that the distinction between capital and income be clearly evident from the trust balance sheet. This may be achieved by separating capital and income into columns or by grouping items appropriately to show the aggregate of each.

Where there are distinct income and capital beneficiaries (for example, where a life tenant is entitled to trust income and the remainderman is entitled to the capital), the trustee must take care to distinguish between capital and income receipts and expenditures. The trustee is under a personal liability to make the correct allocations since neither the income nor capital beneficiaries can be deprived of their proper entitlements.

It is not always easy to definitively decide on the competing claims of income and capital beneficiaries. For example, a capital beneficiary might wish the trustee to invest the trust property in low income investments which will produce a high capital gain, while the income beneficiary might wish the trustee to invest the trust property in high yielding speculative property.

Usually the trust instrument will contain specific directions so that the capital/income distinction can be applied.

Artcore

Australian equivalents to International Financial Reporting Standards

There are no specific Australian equivalents to International Financial Reporting Standards (AIFRS) relating to the presentation of financial reports for trusts. Attention is drawn to the definition of the term "entity" in the AIFRS, which includes any organisational structure or arrangement. Clearly a trust falls within this definition, even though from a legal perspective a trust is not a separate entity.

The AIFRS must be applied when preparing the general purpose financial report of a reporting entity. Although many trusts will not meet the definition of a reporting entity, this needs to be determined on an individual basis. If there are users who are dependent on the general purpose financial reports of the partnership for making and evaluating resource allocation decisions, and those users are unable to specifically require the preparation of information tailored to suit those needs, then the trust is a reporting entity and must comply with the requirements of the AIFRS when preparing its financial statements.

The following factors should be considered when determining whether an entity, such as a trust, is a reporting entity:

• separation of management from economic interest

• economic or political importance/influence, and

• financial characteristics.

The first point above is particularly relevant in the case of a trust. A decision must be made whether the management of the trust is sufficiently separate from the economic interests (such as the beneficiaries) of the trust to create a reporting entity. Trusts, such as listed and property trusts, may involve the beneficiaries being little more than public subscribers with the management of the trust being undertaken by a professional trust manager, quite separate from the beneficiaries. At the other end of the scale, a family discretionary trust would not usually be regarded as a reporting entity where the beneficiaries were able to command the preparation of financial information about the trust how and when they required it.

The other points listed above will also need to be considered, particularly where a trust is significant in terms of its asset size or indebtedness. In such cases, a trust may be a reporting entity where it is reasonable to expect that there are users dependent upon the preparation of general purpose financial reports of the trust.

Trusts will be regarded as reporting entities in the following situations:

• debt or equity funds are raised from the public as this results in the existence of potential resource providers who require general purpose financial reports as a basis for making resource allocation decisions

• the sale of an entity may result in the identification of the entity as a reporting entity

• the size and/or economic significance of some entities to their suppliers, clients or employees (in the case of trading trusts) or to the public may dictate that those entities are reporting entities.

If it is decided that a trust is a reporting entity, the trust should prepare general purpose financial reports in accordance with AIFRS. If the financial statements are audited, reference should be made to AIFRS, Australian Interpretations and Australian auditing standards, with details of departure therefrom disclosed in the financial statements.

All AIFRS are applicable to trusts that are reporting entities unless they are only applicable to specific types of entities.

Artcore

Property Trusts 一般是Unit Trusts

Unit trusts - Accounting treatment

A unit trust is a trust in which the beneficial interest of the investors is divided into units. The investments are pooled for the purposes of the trust. A unit trust is an express, fixed trust as all the unit holders are known at any time. A unit trust may be a public unit trust (with investments by the public) or a private unit trust.

There are essentially two types of unit trusts, each requiring somewhat different accounting treatment.

1. Unit trusts created by a settlor
A unit trust may be created by a settlor in the same way that a discretionary trust may be created. Such a trust usually consists of a settlement for the benefit of specifically nominated unit holders. Under this type of trust the original unit holders are not required to make application for units in the trust. The distribution of income and capital is usually specified in the trust deed and may be distributed either in cash or by the allocation of additional units.

2. Unit trust without a settlor
This type of unit trust does not have a settlor but, rather, provides for the initial unit holders to make application for units in the trust. While this is the method by which public trusts are created, there is no reason why private unit trusts cannot use this method of creation, particularly when it is necessary to raise operating capital for a business venture or where different families are involved in the trust.

Income distribution
The income of unit trusts is distributed in accordance with the provisions of the trust deed which will normally specify a proportion or share per unit.

Revaluation of assets
Particular attention needs to be drawn to the unit trust deed wherever revaluations are made of fixed assets. Some deeds provide that revaluations may only be made for the purpose of issuing additional trust units or the retirement of units. Other deeds provide for the annual revaluation of fixed assets and the subsequent issue of additional units every two years.

琴儿

非常谢谢热心的Artcore给的一些trust accounting的概念， 这份工偶研究了一下， 和一般的assistant accountant没有太大区别， 还是比较基础的， 只不过作为trust account的形式， 包含了蛮多invoice data entry, reconcile, ap 的工作， 有没有tz讲讲这方面的经验？ 正在找工的会计TZ也可以看看， 参考参考， 以后遇到了类此的工作机会心里也可以有个底

淘淘

琴儿。。。你别着急。。

我没做过这方面的，但我觉得跟一般的没有什末区别。
我的理解是。。。（让我整理一下）

淘淘

公司有一个trust account （因为是做土地开发的， 所以，别人付了钱要放到trust accounts里面）， 就跟我们买房子，都是要先放的一个一个trust acct 里面。
你的工作就是出invoice, data entrying。。。
然后到了月底/date as required by the co. 要做reconciliation, 要跟每个agency/client对得上。也就是说你的figure要有supporting的。
至于在报表的披露，我想应该是你们acctant做的。

其实， 这个职位没什末难的，放心就好了。。。只是会计的一些基本东西。。。

good luck...

淘淘

还有，Artcore说的trust 估计是指“基金”。。。trust modle accts, XYZ modle accts 一般是preparing annual financial report 用， 一般AA不要求懂得。。放心好了
不过，很佩服Artcore的。。。

琴儿

陶陶， 你真好  你说的和我理解的大体一致， 这工还是挺基础的， 偶就这么准备去面了， 就怕问一些太detail的东西露馅了

淘淘

原帖由 琴儿 于 2008-7-25 20:44 发表
陶陶， 你真好  你说的和我理解的大体一致， 这工还是挺基础的， 偶就这么准备去面了， 就怕问一些太detail的东西露馅了

不要怕，不难的。。。祝你好运。。

无产阶级

所谓的ｔｒｕｓｔ，就是这个钱不是你的，你代收，所以要放在ｔｒｕｓｔ　ａｃｃｏｕｎｔ里面。这个情况普遍存在于，房地产公司，律师，ＩＰＯ　股票申请人申购资金，甚者于旅行社。应该不难，和其他会计没什么两样。

西关少爷

The trust accounts have the following charaters:

1. The trust bank a/c is held by the trustee. The trustee can only made payment based on the trust manager’s instruction.
2. The trust bank a/c was opened with 10 to 100 dollars as capital unit. Each month all incoming cash flow should be distributed. Therefore, theoretically what left in the bank a/c should only be the capital unit mentioned above.
3. There is no P&L in trust accounts as all profit is classified as Residual Income is being distributed.

There are lot more in trust accounting. But for your purpose, these should be good enough to impress your future employer to secure a few month contract. Good luck.

Allul

原来如此

柯柯

给陶陶加分！