BOMI Budgeting and Accounting
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BOMI Budgeting and Accounting

Channing Gibson is a director of property management with RISE Commercial Property Services. He has been a strong supporter and member of Denver Metro BOMA for many years and we are privileged to have him as a President for 2019. “I believe that through my education, knowledge base and experiences, I have a lot to offer in helping to best align the future of Denver Metro BOMA with the changing real estate market.” -C. Gibson, RPA, FMA, LEED AP, Director of Property Management with RISE CPS

1/23/2020 to 2/6/2020
When: 3 Consecutive Thursdays: 1/23, 1/30, 2/6
8:00 a.m - 5:00 p.m
Where: 4500 Cherry Creek - Training Center
4500 Cherry Creek Drive South
Training Center
Denver, Colorado  80246
United States
Presenter: Channing Gibson RPA, FMA, LEED AP, Director of Property Management with RISE CPS
Contact: Denver Metro BOMA

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 Budgeting and Accounting

Budgeting and Accounting features applications and problems you can use to create building and facilities' budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context. You will follow the accounting process and creation of a budget from start to finish, learning such valuable skills as how to interpret financial statements, annual reports, and statements of cash flows. You will also learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

Major topics covered in this course:

  • Record keeping requirements
  • Revenue and expenditure cycles
  • Cash basis income statement
  • Financial statements
  • Annual reports
  • Lease abstracts
  • Income and expense budgeting
  • Working with capital

You will take away these key concepts and skills:

  • The know-how to analyze and interpret financial statements of prospective tenants.
The ability to calculate income and expense items, develop capital budgets, write lease abstracts, establish cost controls, and construct property or facilities budgets. 

2020 Annual Partners: