Brand new GUEST accredited course, launching end of 2025

1.1 Legal Awareness

*1.2 Ultimate Beneficial Owner (UBO) vs Legal Owner

*1.3 Power of Attorney (POA) Onboard

1.4 Financial Context – UBO Wealth vs Available Operational Funds

1.5 Operational Context – Decision-Making and Responsibility Distribution

*1.6 Jurisdiction – Importance of Company Registration Location

Module 1 Quiz

2.1 Basic Accounting Principles

2.2 Bookkeeping vs Accounting

2.3 Overview of Accounting Systems

*2.4 Supplier Invoicing Procedures

2.5 Introduction to KYC

2.6 Financial Documentation Types

2.7 Payment Types and Methods

2.8 VAT Treatment and Nature of Expense

2.9 Private vs Charter Yacht Financial Context

2.10 Importation and Customs Considerations

2.11 SOPs in Yacht Finance

Module 2 Quiz

3.1 The Role of the UBO (Ultimate Beneficial Owner)

3.2 Family Office Responsibilities

3.3 Corporate Providers and Fiscal Representation

3.4 Brokers – Sales vs Charter Roles

3.5 Management Company Roles

3.6 Maritime and Port Agents

3.7 Crew Employment Companies

Module 3 Quiz

4.1 Accounting and Budgeting Roles Onboard

4.2 Reporting Procedures Ashore

4.3 Approval Flows

4.4 Purchase Flow and Documentation

Module 4 Quiz

Module Review Call 1-4

5.1 Understanding Budgets and Reading Reports

5.2 Cash Flow vs Budget

5.3 Asset vs Expense Classification

5.4 Static vs Rolling Budgets

5.5 Creating Departmental Budgets

6.1 Yacht Operational Funding Flow

6.2 Use of Operational Accounts and Onboard Cards

6.3 Cash to Master (CTM): Timelines, Denominations, Bank Requirements

6.4 KYC Obligations and Timing

Module 6 Quick Check

7.1 Step-by-Step Purchasing Protocols

7.2 Managing Inventory and Critical Items

7.3 Document Flow – From Request to Payment and Returns

7.4 Shipping and Customs Overview

8.1 Payment Authorisation Processes

8.2 Wire Transfers, Banking Info & International Rules

8.3 Card Types – Physical, Virtual, Multi-Currency

8.4 Cash Use Onboard & Limitations

8.5 Fraud Risks and Safety Protocols

8.6 Lost, Stolen, and Expired Cards

8.7 Virtual Wallets and Digital Tools

Module 8 Quiz

9.1 Data Entry Standards

9.2 Accounting Software Overview

9.3 Archiving Documentation – Originals vs Digital

9.4 Cash Reconciliation

9.5 Card Reconciliation and Statement Tracking

9.6 Troubleshooting Accounting Errors

Module Review Call 5-9

10.1 Onboard and Ashore Reporting Roles

10.2 Corporate Reporting Deadlines and Expectations

10.3 Budget vs Actuals Reporting

10.4 Key Financial Report Types (Balance Sheet, P&L, General Ledger)

10.5 Cost Centre Tracking and Expense Allocation

11.1 Internal Communication – Captain, Officers, and Owner Channels

11.2 External Communication – Vendors, Agents, and Contractors

11.3 Escalation Procedures for Disputes and Delays

11.4 Supplier Relationship Management

12.1 Time Charter vs Transport Contracts

12.2 Key Charter Parties – Brokers, VAT Agents, UBOs

12.3 APA vs Operational Funds

12.4 VAT on APA and Stock

12.5 APA Banking, Reporting & Best Practices

13.1 Fiscal and Customs Definitions

13.2 Importation Scenarios – Equipment, Provisioning, Uniforms, Wine

13.3 VAT Status – Exempt vs Not Subject

13.4 Working with Customs Agents and Fiscal Representatives

13.5 Real-World VAT Scenarios

Module 13 Quiz

14.1 Overview of Third-Party Stakeholders

14.2 Maritime Agents – Responsibilities and Red Flags

14.3 Crew Service Providers – Contracts, Payroll & Training

14.4 Insurance Considerations – Coverage, Claims & Common Pitfalls

14.5 Legal Support – POA, Contracts & Dispute Management

14.6 Brokers & Project Managers – Role in Finance, Refits & Sales

Module 14 Quiz

Module Review Call 10-14

Final Assessment