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 valuable skills such 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.
Key topic areas:
record-keeping requirements • revenue and expenditure cycles • cash basis income statement • financial statements • annual reports • lease abstracts • income and expense budgeting • working with capital
Instructor:
Richard C. Wieland, MBA, BSE, BGS
Applies to these designations:
PAC and PMFP certificates
RPA® designation
Thank You Classroom Sponsor:
You may register and pay online or fill out this FORM and submit with your payment to: BOMA Indianapolis 101 West Ohio Street, 20th Floor, Indianapolis, IN 46204
BOMI International courses are recognized by many other professional organizations such as IREM, IFMA, IUOE, and more. Credits from these organizations may apply as well. Contact Sarah Kuester at (317) 632-4104 or via e-mail at sarah@bomaindy.org more details.
ADDITIONAL INFORMATION AND FINE PRINT:
ENROLLMENT FEES
There is a $100 enrollment fee for individual courses (those taken separately from a certificate or designation program). If you take an individual course, then decide to enroll in a certificate or designation program, the $100 (USD) fee from your first course (only) may be applied toward the $225 (USD) enrollment fee for your first certificate or designation program. There is a $100 (USD) enrollment fee for students enrolling in a second or third certificate or designation program. Fees are nonrefundable and must be paid with or before enrolling in a course, certificate, or designation program.
COURSE REQUIREMENTS
Because this is a dynamic industry, specific course requirements are based on date of enrollment. If you are not sure of your particular course requirements, please check with BOMI International.
REFUNDS
A request to cancel registration for an educational class must be submitted in writing via email up to fifteen (15) calendar days before the class starts in order to receive a 100% refund. The textbook must be returned unopened to BOMA Indianapolis in all cases where a student cancels registration. Once the book has been opened, $200 will be owed, as BOMA Indianapolis cannot return an opened book to BOMI International.
Courses are subject to cancellation without notice if the minimum number of five (5) students are not registered.
COURSE EXAMS
As of January 4, 2021, all course exams will now be taken in BOMI's learning portal. Learners can take their exam immediately after finishing their course - no scheduling needed. There is now no travel time or expense, saving you seven visits to a Pearson VUE testing center. Course exams are timed, but not proctored, reducing test anxiety. Consider taking the practice exam prior to taking the course to measure your knowledge when beginning a course. Take it again after to the course to gauge what you have learned. You must pass a course exam with a score of 70% or better. This course's test will be 100 multiple-choice questions. You will have 90 minutes to complete. Once you have completed all courses in your RPA and/or FMA designation program, and passed each course exam, you will be eligible for the Designation Capstone Experience Exam. This exam is proctored by Pearson Vue Testing Services and can be completed at any Pearson VUE testing center or as an online proctored exam.
EXAM ELIGIBILITY PERIOD
Students have a six-month eligibility period to take their exam. This period begins on the first day of class. If you do not take your exam within six months, or if you fail the exam, you may receive additional attempts by paying an Exam Administration Fee to begin a new six-month eligibility period.
EXAM ADMINISTRATION FEE
Students who fail an exam, do not take an exam, or require an additional six months to take the exam will incur an Exam Administration Fee allowing for an additional six-month eligibility period. This fee includes testing and administrative fees and is $150.
REGISTRATION DEADLINE
To ensure sufficient time to prepare, students should be registered ten (10) business days prior to the class start date. A $100 (USD) late fee will be applied to registrations received thereafter. Additional shipping fees apply and BOMA Indianapolis must pass those fees on to students due to late registrations.
STATEMENT OF NONDISCRIMINATION
BOMI International and BOMA Indianapolis is committed to providing an education opportunity for all persons and admits students of any race, color, gender or sexual preference, age, non-disqualifying handicap, religion, or national or ethnic origin.
