The management category defines that professional condominium managers must be responsible for the effective operations of the condominium corporation within the legal framework. They protect financial and physical assets to ensure the property is well managed.
The Condominium Management - Financials course is designed to give condominium managers a basic understanding of the relevant aspects of financial management. It is one of the core foundational courses to ensure that condominium managers have the technical context for the main responsibilities of their role.
View CourseThis course is designed to provide a complete review of the accounting process and principles, the managerial use of accounting and financial statements and their analysis and budget preparation procedures for property managers. In addition, the techniques and approaches for establishing and organizing objectives and implementing strategies will be discussed. Topics will include the accounting cycle; revenue and expenditure forecasting; establishment of operating and capital budgets; monitoring, controlling and reconciling budgets; the audit process; mission statements, goals and objectives; implication strategies; target dates and review schedules; and operational reviews.
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