Property Management Accounting ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
A property manager needs to maintain the accounting records for a number of property owners, which calls for a unique chart of accounts, journal entries that pertain to specific property transactions, and periodic reports that convey the financial essentials to owners. Property Management Accounting addresses these topics and more, giving the accountant a firm grounding in how to deal with any property-related accounting issue that may arise.
Highlights
The fiduciary nature of property management. Chart of accounts. Basis of accounting. Sample entries. Ordinary repairs and capital expenditures. Property management financial reports. The rental ledger. Common interest realty associations. Essential property management measurements.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents, and attorneys.
Objectives
Recognize the role played by a property manager when dealing with property owners. Identify the various accounts that may be used by a property manager when recording transactions for property owners. State the different types of operating expenses that can and cannot be charged through to tenants. Specify the rules associated with the capitalization of expenditures related to properties. Describe the different types of common interest realty associations.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00