BUDGETING & ACCOUNTING 
(required for the RPA designation program) 

Dates 
Every Tuesday - January 29, 2013 - March 26, 2013

Time
5:30 p.m. - 8:30 p.m.

Instructor 
Daniel Hurley, CPA
CFO, Wendel Companies

Click here to download the Registration Form.  Questions? Call Jennifer at (716) 856-3801.

*  BOMA Foundations of Real Estate Management students will have the $175 BOMI designation enrollment fee waived.

* Certified Property Managers (CPM®) can earn a Real Property Administrator (RPA®) Designation with ony 4 courses!  Ask us how.

Budgeting and Accounting features applications and problems you can use to create building and facilities' budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context. You will follow the accounting process and creation of a budget from start to finish, learning valuable skills such as how to interpret financial statements, annual reports, and statements of cash flows. You will also learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

Major Topics Covered:

record-keeping requirements
revenue and expenditure cycles
cash basis income statement
financial statements
annual reports
lease abstracts
income and expense budgeting
working with capital

You Will Take Away These Key Concepts & Skills:

• Analyzing and interpreting financial statements of prospective tenants
• Calculating income and expense items
• Developing capital budgets
• Writing lease abstracts
• Establishing cost controls
• Constructing property and/or facilities budgets
  
  

Applies to: PMFP and PAC certificates RPA® designation

Recommendations:  ACE credit recommendation: 2 semester hours, lower division baccalaureate in Business Administration, Bookkeeping, Accounting, or Facilities/Property Management