Accounting for Homeowners’ Associations (CPE Course)

CPE Credit: 3 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $35

Course Description
The accounting for and reporting of transactions for a homeowners’ association, as well as other common interest realty associations, is quite extensive. In the Accounting for Homeowners’ Associations course, we cover all aspects of the accounting for many types of common interest realty associations, with an emphasis on homeowners’ associations. The course addresses the accounting for all types of assets, liabilities, revenues, and expenses, as well as financial statements, disclosures, and controls.

Author: Steven Bragg

Course Number: AC1173

Learning Objectives

  • Identify the different types of common interest realty associations.

  • Specify the required financial statement disclosures by common interest realty associations.

  • Identify the proper accounting for all assets, liabilities, and leasing arrangements of a common interest realty association.

  • Specify the nature of a reserve study.

  • Identify the accounting for assessments.

  • Recall the accounting for a developer lawsuit settlement.

  • Specify the accounting for a common interest realty association’s payroll processing activities.

  • Specify the layout of the financial statements for a common interest realty association.

  • Identify the controls that a common interest realty association might use.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: December 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.