YOUR ASSOCIATION’S FINANCIAL PLAYBOOK

Protecting Your Community Assets: Best Practices

11:15 AM - 12:30 PM - MEETING SUITE 1A

Back by popular demand: The importance of board involvement and financial oversight. Get a list of the questions you should be asking and learn about the benefits of creating a finance committee and the key players.

LEARN:

  • Duty of the board, Collections, Fraud
  • Protecting the integrity of replacement reserves
  • Maintaining proper board involvement and oversight
  • Reviewing financial statements
  • Questions you should be asking
  • Important internal controls

COURSE MATERIALS INCLUDE:

  • Sample Financial Statement
  • Accounting Matters - Accounting Resource Booklet
    • Financial Responsibilities of Board of Directors
    • Basic Financial Statement Concepts
    • Cash vs. Accrual
    • Reading Financial Statements
    • 10 Questions to Ask when Reviewing an Association's CPA Prepared Financial Statements
    • Levels of Services Provided by CPAs
    • What Type of Accounting Service is Right for Your Association?
    • Audit, Review and Compilation Comparison Assuming Full Accrual Financial Statements
    • Reserve Accounting Basics
    • Categories of Expenditures
    • Expense Classification Flowchart

SPEAKERS - Click here for speaker bios

  • David DesRoches, CPA, of DesRoches & Company, CPAs, P.C.
  • Dana Shotts-Neff, CMCA®, AMS®, LSM®, PCAM® of Chesapeake Bay Management, Inc., AAMC®