California Association of Community Managers

CAFM Certification

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AS AN ACCOUNTING PROFESSIONAL serving the community management industry, you now have a better way to show clients you understand the unique requirements of community associations. Developed specifically for accounting professionals who service community associations, the Community Association Financial Management (CAFM) certification more clearly communicates your role and expertise than previously was possible through certification as a Certified Community Association Manager (CCAM).

Earning the CAFM

Accounting professionals within HOA management can earn the CAFM in 3 steps:

STEP 1: Become a member.

STEP 2: Complete and pass the six required courses (A-F noted below).

STEP 3: Email a completed CAFM Certification Application to certification@cacm.org.

STEP 4: Request each of your three references to email their Recommendation form directly to certification@cacm.org.

 

A. CMM101-CMM102 The Basics of Association Management (BAM) Series - this represents 16 hours of general community management education designed to give you a comprehensive overview of the industry and roles within the industry.

B. CMM122 California Law Series Module II (only) Financial Management - this represents 4 hours of Financial Management

C. CMM130 Ethics for Community Managers during this four-hour live course, you will explore a variety of scenarios that demonstrate the official rules of conduct for community managers, including a review of CACM's Code of Professional Ethics and Standards of Practice. You may NOT substitute CMM230 Ethics for Recertification only or LDR500 Advanced Ethics.

D. FIN300 Budgeting this represents 4 hours of builds material incorporating real-life examples and hands-on activities to help you learn how to analyze and use reserve funding plans; budget for conversions and new construction; and utilize the budget and reserve study to help the board make fiscally responsible financial decisions.

E. FIN210 Assessment Collections this represents 4 hours of instruction providing you with the knowledge you need to assist your board in meeting its fiduciary responsibility to levy and collect assessments.

F. FIN320 Strategic Financial Planning this represents 4 hours of instruction preparing you to assist your boards in developing a strategic approach to fund planning and provide you with the ability to articulate the various elements and multiple options they can choose from in their desire to achieve financial stability.

PROCESS TO BECOME CERTIFIED 

  1. If you have not yet become a member; please complete the CACM Manager Member Application ($235) and email it to membership@cacm.org for processing. Once complete you will receive a new membership email confirmation, then you may register for courses at member rate.
  2. Register online for your three required certification courses.
  3. Read the Code of Professional Ethics and Standards of Practice in its entirety. The COE may be found on www.cacm.org or you may request it at certification@cacm.org.
  4. Email your complete, signed CAFM Application ($180) to certification@cacm.org.
  5. Three recommendation forms are required. Please email page 5 of the application to three references; 1.) one employer 2.) one board member 3.) one of either of the following; CCAM, CAFM, MCAM or CAMEx. Please have your references complete the form and email it directly to certification@cacm.org as recommendation forms will not be accepted from your email address.

 

FYI:

  • Though you may begin the certification process without having HOA industry experience by completing the six required CAFM certification courses; three years accounting or finance work experience, or be employed within community association management in accounting/finance functions full-time for a minimum of 12 months experience is required in order to submit the CAFM certification application.
  • You may take these 6 courses in any order, and exams for each course/module (for # 1,2 & 3 below) are taken online following each course.
  • BAM & CA Law may be taken two ways; 1.) live in the classroom or 2.) via “Challenge” (online);
  • Ethics CMM130 is NOT offered via “Challenge” this 4 hour live course.

For much more detailed information please click here. 

 

For further questions please email certification@cacm.org