Accounting for Homeowners' Associations
The accounting for and reporting of transactions for a homeowners’ association, as well as other common interest realty associations, is quite extensive. In the Accounting for Homeowners’ Associations course, we cover all aspects of the accounting for many types of common interest realty associations, with an emphasis on homeowners’ associations. The course addresses the accounting for all types of assets, liabilities, revenues, and expenses, as well as financial statements, disclosures, and controls.
Format
PDF Course
Level
Overview
Duration
3 Hours
Course Information
Author: Steven Bragg
Learning Objectives
Level: Overview
Course Number: AC1173
Learning 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.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: December 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.