Budgeting & Accounting
This course provides information, applications, and exercises to develop skills needed to create budgets, interpret financial statements and other reports, and prepare rent rolls, among other items. It will guide you through the accounting process from start to finish.
Upon successful completion of this course, learners will be able to:
- Identify potential opportunities for increasing a property’s net operating income
- Determine recoverable and nonrecoverable operating expenses
- Establish cost controls
- Prioritize capital expenditures
- Explain budget variances to stakeholders
- Follow best practices in tenant communications
- Analyze and interpret financial statements of prospective tenants
- Record-keeping requirements
- Revenue and expenditure cycles
- Cash basis income statements
- Financial statements
- Annual reports
- Lease abstracts
- Income and expense budgeting
- Working with capital
- The Fundamentals of Budgeting and Accounting
- Reporting and Record Keeping: The Foundation for Efficient Operations
- The Lease Document: A Field Guide to Tenant/Landlord Interactions
- Income Sources
- Recording the Revenue
- How to Develop an Income Budget
- The Expenditure Cycle
- Cost Controls: Protecting the Building Owner’s Investment
- Expense Budgeting
- Capital Budgeting
- The Cash Basis Income Statement
- Financial Statements: The Whole Picture of the Property
- Analyzing Real Estate Financial Statements
- Interpreting Tenant Financial Statements and Annual Reports
- Case Study: Budgeting and Accounting at CityPark Business Tower
This course is available through the following delivery options:
- Online Self-Paced
- Collaborative Virtual Learning
This course applies to the following BOMI certificates:
- PMFP – Property Management Financial Proficiency Certificate
- PAC – Property Administrator Certificate
This course applies to the following BOMI designation:
- RPA® – Real Property Administrator