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.

Topics include:

• Record keeping requirements
• Revenue and expenditure cycles
• Cash basis income statement
• Financial statements
• Annual reports
• Lease abstracts
• Income and expense budgeting
• Working with capital

Learn:  

• Analyzing and interpreting financial statements of prospective tenants
• Calculating income and expense items
• Developing capital budgets
• Writing lease abstracts
• Establishing cost controls
• Constructing property and/or facilities budgets

 ACE credit recommendation: 2 semester hours, lower division baccalaureate in Business Administration, Bookkeeping,  Accounting, or Facilities/Property Management 

Course Schedule:

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