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