Financial

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THERE ARE FOUR RULES OF RESERVES that associations should know. Our company has pioneered foundational concepts & principles and provided...

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ASSOCIATIONS WITH DECEMBER 31ST YEAR ENDS make up a large share of annual audits. There is often intense pressure on managers, accounting...

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Inflation 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...

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Annual Audits
Posted In: Financial,

WHAT IS AN AUDIT? The objective of an audit is to provide an opinion about whether the financial statements present information fairly, in all...

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MOST ASSOCIATIONS HAVE fiscal years that end on December 31. If an association does not obtain an independent audit by a Certified Public...

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WHETHER 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...

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We introduced you to association balance sheet fund accounting for assessments & expenses as part of a balance sheet in our last blog, which...

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We 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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