**CAI has canceled all in-person Professional Management Development Program (PMDP)​ classes​ through the end of May; that includes this course originally, scheduled for May 7-8 in Dallas.  However, you can still take this course online, at your convenience!  See below for more information...

Learn how to best manage your association’s money.  The online version of Financial Management (M-206) teaches managers how to analyze, manage, and develop the association budget. Understanding and applying the principles of financial management to community associations can make all the difference to your community association.  **At this time, our online courses are not compatible with tablet/mobile devices, so you will need access to a desktop or laptop computer.

Developing and adhering to a budget is a vital aspect of a manager's job. Take this course and return to your job better prepared to address, analyze, and report on association finances. See how the budget development process works, from the identification of items and their importance through budget approval. You'll also learn how to:

• Develop budget line items using zero-base budgeting and historical trend budgeting
• Transform budget development into a financial planning process
• Reconcile budget revenues and expenses—balance the budget
• Recognize and analyze your association's various financial reports and records
• Present financial reports to your board of directors in a professional and logical manner
• Use your budgets and financial reports as management and decision making tools
• Create a budget using historical trends
• Identify the level of service for an association budget
• Understand replacement reserves and basic investment principles
• Assess the benefits of accrual and fund accounting for community associations

Course Materials

This online course is designed as a standalone course, and individuals are able to start the class as soon as they register. In addition to this online course, you will receive a Participant Guide in the mail. The Participant Guide is intended to be a supplemental resource that students can refer back to after completion of the class. Please allow 2-3 weeks for delivery.

Course Length

4-6 hours to complete the course. Students have 4 months—120 days from purchase date—to complete the course and take the 60-minute exam to receive credit.

Tuition

CAI member: $479 | Nonmember: $579 Join Now!