Budgeting and Accounting is designed to enable you to prepare your own building or facilities budget. You will have an opportunity to apply concepts within the real property and facilities context.
Key to accounting is the fundamental accounting equation and the double-entry accounting technique. Activities in this course will guide you through both these concepts. You will also learn about preparing income and expense budgets and explaining budget variances. Case examples involving this buildings’ tenants, budgeting processes, and leasing requirements provide realistic illustrations of the types of scenarios encountered in day-to-day operations of commercial real estate properties.
Upon successful completion of this course, learners will be able to:
- Identify potential opportunities for increasing a property’s net operating income
- Determine recoverable and nonrecoverable operating expenses
- Establish cost controls
- Prioritize capital expenditures
- Explain budget variances to stakeholders
- Follow best practices in tenant communications
- Analyze and interpret financial statements of prospective tenants
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
PAC and PMFP certificates
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 firstname.lastname@example.org more details.
Abby Kichura, RPA | GM Lillibridge Healthcare Services, Inc.
CLASSROOM SPACE SPONSORED BY:
ADDITIONAL INFORMATION AND FINE PRINT:
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.
There is a $40 fee if you would like a hard copy book. We are highly recommending you purchase the book as a reference. The e-books are only available for a short period of time.
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.
A request to cancel registration for an educational class must be submitted in writing via email up to seven (7) 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.
COMPUTER-BASED TESTING (CBT)
Exams are administered via Computer-Based Testing (CBT) through our testing provider, Pearson VUE. The registration fee provides for one testing session during the six-month eligibility period, which can be scheduled at the students convenience at a Person VUE testing center of their choice. You should receive an email from Pearson VUE within the first few days of class. If you don't, please tell your instructor right away.
EXAM ELIGIBILITY PERIOD
Students have a six-month eligibility period to schedule and take their exam. For Self-Study students, the eligibility period begins on the date of registration; for Classroom students, the eligibility period begins as of the first day of class. If a student does not take the exam within this period, the student must pay an Exam Administration Fee to begin a new six-month eligibility period.
EXAM ADMINISTRATION FEE (INCLUDES EXAM TRANSFER, EXAM NO-SHOW, AND RETEST)
Students who fail an exam, do not cancel a scheduled exam appointment, 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 $100.
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.