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 |
Live Virtual Learning |
Apr 06, 2021 to Apr 20, 2021 |
Online |
BOMA New York |
Live Virtual Learning |
Apr 12, 2021 to Apr 14, 2021 |
Online |
AOBA |
Live Virtual Learning |
Apr 12, 2021 to Apr 14, 2021 |
Online |
BOMA Orlando |
Live Virtual Learning |
May 07, 2021 to Jun 30, 2021 |
Online |
BOMA Boston |
Accelerated Review |
Jun 14, 2021 to Jun 16, 2021 |
Indianapolis, IN |
BOMA Indianapolis |
Accelerated Review |
Jun 21, 2021 to Jun 23, 2021 |
Detroit, MI |
BOMA Detroit |
Accelerated Review |
Jul 14, 2021 to Jul 16, 2021 |
Online |
BOMA Georgia |
Live Virtual Learning |
Aug 19, 2021 to Aug 22, 2021 |
Online |
AOBA |
Classroom |
Sep 13, 2021 to Sep 29, 2021 |
Chicago, IL |
BOMA Chicago |
Live Virtual Learning |
Oct 13, 2021 to Oct 15, 2021 |
Online |
BOMA Nevada |
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