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 self-study CPE course, we cover all aspects of the accounting for many types of common interest realty associations, with an emphasis on homeowners' associations. The CPE class addresses the accounting for all types of assets, liabilities, revenues, and expenses, as well as financial statements, disclosures, and controls.
Learning Objectives
Upon successful completion of this course, participants will be able to:
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.
Major Topics
Realty Associations
Common Property
CIRA Cash
Marketable Securities
CIRA Deposits
Leased Assets
Liability Accounting
Disclosure Topics
