Skip Ribbon Commands
Skip to main content

M-206: Financial Management

​​​​​​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

2 days | 9 a.m. - 5 p.m. both days
Students have 30 days from the live course to complete an online, multiple-choice examination.

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. It will be the final item listed to the left. You will have 30 days from your live course to go through all the material and complete the final exam. Note: The final 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 as you will not be able to go back and see it again.

Tuition

CAI member: $479 | Nonmember: $579 Join Now!


REGISTRATION
The M-206 is available in two formats: a classroom course (click on the location below) and online.
M-206 Online Course

UPCOMING EVENTS