Accounting for Homeowners’ Associations ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
The accounting for and reporting of transactions for a homeowners’ association, as well as other common interest realty associations, is quite extensive. In this course, we cover all aspects of the accounting for many types of common interest realty associations, with an emphasis on homeowners’ associations. This class addresses the accounting for all types of assets, liabilities, revenues, and expenses, as well as financial statements, disclosures, and controls. This course is your go-to guide for keeping your homeowners’ association clients compliant and thriving.
Highlights
Realty associations. Common property. Cira cash. Marketable securities. Cira deposits. Leased assets. Liability accounting. Disclosure topics.
Prerequisites
None.
Designed For
CPAs, realtors, and other real estate professionals.
Objectives
Identify the different types of common interest realty associations. Specify the required financial statement disclosures by common interest realty associations. Identify the proper accounting for all assets, liabilities, and leasing arrangements of a common interest realty association. Specify the nature of a reserve study. Identify the accounting for assessments. Recall the accounting for a developer lawsuit settlement. Specify the accounting for a common interest realty association’s payroll processing activities. Specify the layout of the financial statements for a common interest realty association. Identify the controls that a common interest realty association might use.
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 $100.00
Member Price $87.00