Explaining Financial Statements (FIN220) - Start Date 05/13/25

Learning Outcomes:

• Differentiate between the roles and responsibilities of the community manager, board members and accounting professionals as they relate to the associations 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

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

Continuing Education Units (CEUs):   6

Course Length:   This course is made up of three, 2 hour sessions.