- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses the accounting principles and practices practitioners should be familiar with in relation to homeowners’ associations and other common interest realty associations (CIRAs).
Course Expiration Date: October 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Determine what accounting literature applies to CIRAs and how they should account for cash, cash equivalents, and marketable securities.
Identify how CIRAs should account for member assessments, other income, and receivables.
Recognize appropriate accounting practices for common property and other real property owned by CIRAs.
Determine best practices for how CIRAs address prepaid expenses and other assets; funds for major repairs, replacements, and capital improvements; and reserve studies.
Recognize how CIRAs should account for debt and other liabilities, members’ equity, and income taxes.