Financial Management

This brand new GUEST accredited course is designed exclusively for Chief Stews who want to step confidently into financial management. From budgeting and reporting to VAT, APA, and ownership structures, you’ll gain the skills to communicate effectively with owners, management companies, and brokers. Launching end of 2025.

Curriculum

18 Chapters · 98 Lessons

1
Module 1: Ownership, Authority & Financial Context
1. (Included in full purchase)
  1.1 Legal Awareness
2. (Included in full purchase)
  *1.2 Ultimate Beneficial Ownership & Authority in Practice
3. (Included in full purchase)
  1.3 Power of Attorney (POA) Onboard
4. (Included in full purchase)
  1.4 UBO Wealth vs Operational Funds
5. (Included in full purchase)
  1.5 Decision-Making & Responsibility Distribution
6. (Included in full purchase)
  1.6 Jurisdiction & Company Registration
7. (Included in full purchase)
  Module 1 Quiz
2
Module 2: The Superyacht Financial Ecosystem
1. (Included in full purchase)
  Overview of Third-Party Stakeholders
2. (Included in full purchase)
  Family Office Structures
3. (Included in full purchase)
  Corporate Providers & Fiscal Representation
4. (Included in full purchase)
  Broker Roles Across Charter, Sales & Refit
5. (Included in full purchase)
  Maritime Agents: Operational & Financial Interface
6. (Included in full purchase)
  Crew Employment & Payroll Structures
7. (Included in full purchase)
  Legal Advisors & Dispute Escalation
8. (Included in full purchase)
  Escalation Procedures for Disputes and Delays
9. (Included in full purchase)
  Module 2 Quiz
3
Module 3: Financial Principles, Systems & Controls
1. (Included in full purchase)
  Basic Accounting Principles
2. (Included in full purchase)
  Bookkeeping vs Accounting
3. (Included in full purchase)
  Accounting Systems Overview
4. (Included in full purchase)
  Introduction to KYC (Foundational)
5. (Included in full purchase)
  Financial Documentation and Escalation
6. (Included in full purchase)
  VAT Fundamentals in Yacht Operations
7. (Included in full purchase)
  SOPs in Yacht Finance
8. (Included in full purchase)
  SOP Example
9. (Included in full purchase)
  Module 3 Quiz
4
Module 4: Budgeting Strategy & Cost Architecture
1. (Included in full purchase)
  Understanding Budgets and Reading Reports
2. (Included in full purchase)
  Cash Flow & Budgets
3. (Included in full purchase)
  Asset vs Expense Classification
4. (Included in full purchase)
  Static vs Rolling Budgets
5. (Included in full purchase)
  Creating Departmental Budgets
6. (Included in full purchase)
  Cost Centre Tracking and Expense Allocation
7. (Included in full purchase)
  Module 4 Quiz
5
Modules 1-4 Assessment
1. (Included in full purchase)
  Assessement Scenerio
2. (Included in full purchase)
  Assessement Part 1
3. (Included in full purchase)
  Assessment Part 2
6
1:1 Trainer Review Call
1. (Included in full purchase)
  *Module Review 1-4
7
Module 5: Funding & Liquidity Management
1. (Included in full purchase)
  Yacht Operational Funding Flow
2. (Included in full purchase)
  Use of Operational Accounts and Onboard Cards
3. (Included in full purchase)
  *Cash to Master (CTM): Timelines, Denominations, Bank Requirements
4. (Included in full purchase)
  KYC Obligations and Timing
5. (Included in full purchase)
  Module 5 Quiz
8
Module 6: Purchasing Governance & Documentation Flow
1. (Included in full purchase)
  Approval Flows
2. (Included in full purchase)
  Internal Communication – Captain, Officers, and Owner Channels
3. (Included in full purchase)
  *Purchase Flow and Documentation
4. (Included in full purchase)
  Step-by-Step Purchasing Protocols
5. (Included in full purchase)
  *Supplier Invoicing Procedures
6. (Included in full purchase)
  Document Flow – From Request to Payment and Returns
7. (Included in full purchase)
  External Communication – Vendors, Agents, and Contractors
8. (Included in full purchase)
  Supplier Relationship Management
9. (Included in full purchase)
  Managing Inventory and Critical Items
10. (Included in full purchase)
  *Shipping and Customs Overview
11. (Included in full purchase)
  Module 6 Quiz
9
Module 7: Payment Controls & Risk Mitigation
1. (Included in full purchase)
  Payment Types and Methods
2. (Included in full purchase)
  *Payment Authorisation Processes
3. (Included in full purchase)
  Wire Transfers, Banking Info & International Rules
4. (Included in full purchase)
  Card Types – Physical, Virtual, Multi-Currency
5. (Included in full purchase)
  Cash Use Onboard & Limitations
6. (Included in full purchase)
  *Fraud Risks and Safety Protocols
7. (Included in full purchase)
  Lost, Stolen, and Expired Cards
8. (Included in full purchase)
  Virtual Wallets and Digital Tools
9. (Included in full purchase)
  Module 7 Quiz
10
Module 8: Reconciliation, Controls & Error Management
1. (Included in full purchase)
  Financial Documentation
2. (Included in full purchase)
  Professional Data Entry
3. (Included in full purchase)
  Archiving Documentation – Originals vs Digital
4. (Included in full purchase)
  Cash Reconciliation
5. (Included in full purchase)
  Card Reconciliation and Statement Tracking
6. (Included in full purchase)
  Troubleshooting Accounting Errors
7. (Included in full purchase)
  Module 8 Quiz
11
Modules 5-8 Assessment
1. (Included in full purchase)
  Assessment Scenerio
2. (Included in full purchase)
  Assessment Part 1
3. (Included in full purchase)
  Assessment Part 2
12
1:1 Trainer Review Call
1. (Included in full purchase)
  *Module Review 5-8
13
Module 9: Reporting & Financial Accountability
1. (Included in full purchase)
  Onboard & Ashore Reporting Roles
2. (Included in full purchase)
  Corporate Reporting Deadlines and Expectations
3. (Included in full purchase)
  *Budget vs Actuals Reporting
4. (Included in full purchase)
  Key Financial Report Types (Balance Sheet, P&L, General Ledger)
5. (Included in full purchase)
  Module 9 Quiz
14
Module 10: Charter Finance & APA Governance
1. (Included in full purchase)
  Private vs Charter Yacht Financial Context
2. (Included in full purchase)
  Time Charter vs Transport Contracts
3. (Included in full purchase)
  Key Charter Parties – Brokers, VAT Agents, UBOs
4. (Included in full purchase)
  *APA vs Operational Funds
5. (Included in full purchase)
  *APA Banking, Reporting & Best Practices
6. (Included in full purchase)
  Module 10 Quiz
15
Module 11: VAT, Customs & Fiscal Risk Management
1. (Included in full purchase)
  Fiscal and Customs Definitions
2. (Included in full purchase)
  VAT Status – Exempt vs Not Subject
3. (Included in full purchase)
  Importation and Customs Considerations
4. (Included in full purchase)
  Importation Scenarios – Equipment, Provisioning, Uniforms, Wine
5. (Included in full purchase)
  VAT on APA and Stock
6. (Included in full purchase)
  Working with Customs Agents and Fiscal Representatives
7. (Included in full purchase)
  *Real-World VAT Scenarios
8. (Included in full purchase)
  Module 11 Quiz
16
Modules 9-11 Assessment
1. (Included in full purchase)
  Assessment Scenerio
2. (Included in full purchase)
  Assessment Part 1
3. (Included in full purchase)
  Assessment Part 2
17
1:1 Trainer Review Call
1. (Included in full purchase)
  *Module Review 9-11
18
Final Thoughts
1. (Included in full purchase)
  Exit Survey
2. (Included in full purchase)
  Putting your Skills to Use
3. (Included in full purchase)
  Certificate

Brand new GUEST accredited course, launching end of 2025

Curriculum

Module 1: Ownership, Authority & Financial Context

Module 2: The Superyacht Financial Ecosystem

Module 3: Financial Principles, Systems & Controls

Module 4: Budgeting Strategy & Cost Architecture

Modules 1-4 Assessment

1:1 Trainer Review Call

Module 5: Funding & Liquidity Management

Module 6: Purchasing Governance & Documentation Flow

Module 7: Payment Controls & Risk Mitigation

Module 8: Reconciliation, Controls & Error Management

Modules 5-8 Assessment

1:1 Trainer Review Call

Module 9: Reporting & Financial Accountability

Module 10: Charter Finance & APA Governance

Module 11: VAT, Customs & Fiscal Risk Management

Modules 9-11 Assessment

1:1 Trainer Review Call

Final Thoughts