BOMI Class - Budgeting and Accounting

Description

NEW EDITION:  The Budgeting and Accounting course updates reflect the latest industry practices and standards. Innovative micro lessons that focus on practical applications provide real-world insights and strategies you can implement immediately. You’ll learn the skills to effectively analyze financial statements, create budgets, manage and address budget variations, prepare rent rolls, and how to attract and retain high-quality tenants using tenant profiles. In addition, you’ll find a specialized module on CAM reconciliations. 

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

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

Applies to: PAC and PMFP certificates RPA® designation