California Association of Community Managers

FIN220 Explaining Financial Statements

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If explaining the financials to your board is not your strong suit, gain the knowledge and credibility you should be projecting as the agent of a multi-million dollar corporation. This course will remove the “boring” or “intimidation” factor associated with learning about numbers and involve you in real-life examples and hands-on activities that provide a solid understanding of community association financial record-keeping and reporting. You will leave this course prepared to better explain the activities that drive the numbers and assist board members in understanding financial statements.

Learning Outcomes:

  • Differentiate between the roles and responsibilities of the community manager, board members and accounting professionals as they relate to the association’s financial documents

  • Understand essential accounting terminology and concepts

  • Read, locate and summarize information on financial documents, including the balance sheet, income statement, bank reconciliation, aged receivables report, prepaid assessments report and accounts payable report

  • Identify information on the general ledger and year-end financial statements

  • Interpret financial statements to recognize potential issues and determine any necessary actions to take

  • Summarize, explain and answer questions about association financial statements

Who Should Take This Course?

Community managers who want to increase their financial literacy and ability to explain financials to their association board of directors

   None. One or more years of community management experience is recommended.

Continuing Education Units (CEUs):   6

Course Length:   6 hours

Course Fee:   Member  $185     Non-Member  $269


 April 5, 2018

 May 10, 2018

 September 13, 2018

 September 27, 2018

 9:00 am - 4:00 pm

 9:00 am - 4:00 pm

 9:00 am - 4:00 pm

 9:00 am - 4:00 pm


 Mission Viejo

 San Bruno

 San Diego

 Register Now

 Register Now

 Register Now

 Register Now



Don’t see an offering near you? You can join a wait list to bring this course to your area through CACM’s Request a Course program.


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