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Financial Management teaches managers how to analyze, manage, and develop the association budget. Understanding and applying the principles of financial management to community associations can make all the difference to your community association. Developing and adhering to a budget is a vital aspect of a manager's job. Take this two-day course and return to your job better prepared to address, analyze, and report on association finances. See how the budget development process works, from the identification of items and their importance through budget approval. You'll also learn how to:
- Develop budget line items using zero-base budgeting and historical trend budgeting
- Transform budget development into a financial planning process
- Reconcile budget revenues and expenses—balance the budget
- Recognize and analyze your association's various financial reports and records
- Present financial reports to your board of directors in a profesional and logical manner
- Use your budgets and financial reports as management and decision making tools
- Create a budget using historical trends
- Identify the level of service for an association budget
- Understand replacement reserves and basic investment principles
- Assess the benefits of accrual and fund accounting for community associations
Managers who are responsible for the administration, maintenance, or enhancement of association finances won't want to miss this fact-filled course!
Designation Credit:
Financial Management is required for the Professional Community Association Manager® (PCAM®) designation. Risk Management and this course replace the former M-140: Asset Protection.
Continuing Education Information:
Financial Management has been approved for continuing education credit by many states. For more information, please review our continuing education web page.
Seminar Schedule:
2 Days: 8:30 am-5:00 pm both days
CAI individual managers and primary contacts for management company members receive $100 off the course price. Join CAI today!
You must be an individual manager member or a primary contact for a management company member of CAI to have access to APCM and to receive the member discount on 200-, 300- and 400-level PMDP courses and the PCAM Case Study. All other CAI members must pay the non-member rate.
Course Registration Fees:
Member Rate: $445
Non-Member Rate: $545
3rd or additional registrations (same course, members only) $395
Register now!