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Module 103 - Budget, Audit & Financial Statement Fundamentals

Publication date:
March 9, 2023
Article Summary: 

The "Learn about Condominium Financials" module emphasizes the crucial responsibility of condominium directors in overseeing and approving the corporation's finances. It highlights the importance of ensuring sufficient funds are available for operations, major repairs, and replacements of common elements. The module covers topics such as budget development, timely planning, monitoring expenses, safeguarding assets, maintaining accurate records, and providing meaningful financial statements to owners.


Condominium Financials, Director's Responsibilities, Sufficient Funds, Annual Budget, Planning, Timely Completion, Monthly Financial Statements, Annual Audit Process, Operations, Major Repairs, Common Elements, Expenses, Safeguarding Assets, Financial Statements.

Source Citation: 
Module 103 - Budget, Audit & Financial Statement Fundamentals
March 9, 2023
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