Budgeting and Accounting

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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

Applies to:
PAC and PMFP certificates
RPA® designation

Select an offering below to register. 

Note BOMI International courses are offered throughout the country through a partnership with Building Owners and Managers Association (BOMA) Locals. If you cannot find a course in your area, please pre-register and tell us where, when, and how you would like to take the course.      

Delivery Options: Date: Location: To Register:
Online Self-Paced N/A Online BOMI International
Classroom Feb 03, 2022 to Mar 10, 2022 Schaumburg, IL BOMA Suburban Chicago
Classroom Feb 23, 2022 to Apr 06, 2022 Minneapolis, MN BOMA Greater Minneapolis
Live Virtual Learning Mar 02, 2022 to Apr 06, 2022 Online BOMA New York
Collaborative Virtual Learning May 03, 2022 to May 26, 2022 Online BOMI International
Live Virtual Learning Jun 21, 2022 to Jul 12, 2022 Online BOMA New York
Live Virtual Learning Jul 13, 2022 to Jul 15, 2022 Atlanta, GA BOMA Georgia
Classroom Jul 18, 2022 to Jul 20, 2022 Indianapolis, IN BOMA Indianapolis
Live Virtual Learning Jul 21, 2022 to Aug 25, 2022 Online BOMA New York
Live Virtual Learning Aug 18, 2022 to Aug 26, 2022 Online AOBA
Live Virtual Learning Aug 24, 2022 to Aug 26, 2022 Online BOMA Nevada
Live Virtual Learning Aug 24, 2022 to Aug 26, 2022 Online BOMA Orange County
Live Virtual Learning Aug 24, 2022 to Aug 26, 2022 Online BOMA San Diego
Live Virtual Learning Aug 24, 2022 to Aug 26, 2022 Online BOMA Sacramento
Live Virtual Learning Nov 09, 2022 to Dec 16, 2022 Online BOMA Boston

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