Pre-Budget Thoughts For Boards And Managers EVERYONE SEEMS TO DREAD the annual association budget process. It can be time consuming. Decisions...
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THERE ARE FOUR RULES OF RESERVES that associations should know. Our company has pioneered foundational concepts & principles and provided...
Read PostASSOCIATIONS WITH DECEMBER 31ST YEAR ENDS make up a large share of annual audits. There is often intense pressure on managers, accounting...
Read PostInflation Effects On Reserve Components are a Really Big Deal THE CONSUMER PRICE INDEX IS at a 40-year high of ~ 7% as of this writing. As we...
Read PostWHAT IS AN AUDIT? The objective of an audit is to provide an opinion about whether the financial statements present information fairly, in all...
Read PostMOST ASSOCIATIONS HAVE fiscal years that end on December 31. If an association does not obtain an independent audit by a Certified Public...
Read PostWHETHER PREPARING AN annual budget or a reserve study, it is important to know how much money is available to spend and where the money is saved...
Read PostWe introduced you to association balance sheet fund accounting for assessments & expenses as part of a balance sheet in our last blog, which...
Read PostWe introduced you to prepaid expenses as part of a balance sheet in our last blog, which was the fifth in our Reading Financial Statements...
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