Learn how to best manage your association’s money.
This course gives you the tools to understand and apply the principles of financial management to your community association. You’ll learn the entire budget process, from identifying line items to reconciling accounts to gaining board approval. You’ll also learn how to analyze and report on association finances. Topics include:
- Developing, managing and balancing budgets
- Financial planning processes
- Replacement reserves and basic investment principles
- Accrual and fund accounting
- Analyzing financial reports and records
- Using budgets and financial reports as management tools
Course Materials
In addition to a participant guide and digital access to bonus readings and materials, you will receive:
- CAI Guide for Association Practitioners: The Board Treasurer
Course Length and Format
- Virtual Edition (Zoom): 2 days | 12-3 p.m. ET both days
- Classroom Edition: 2 days | 9 a.m. - 5 p.m. both days
- Online Course: 4-6 hours to complete the course plus 4 hours of study via reading assignments. Students have 4 months—120 days from purchase date—to complete the course and take the 60-minute exam to receive credit.
Exam Information
At
the conclusion of the course, we will add the final exam to your course
package. You will have 30 days
from your live course to go through all the material and complete the final
exam. The exam includes 40 multiple-choice questions, is timed (90
minutes) and must be completed in a single session. If you do not pass on your
first attempt, you can launch the exam again a second time. The passing score
is 70%. At the end of the exam, you
will see a learning objective of how you did on each section. Please record
this information for future reference.
Tuition
CAI member: $499 | Nonmember: $599 Join Now!