Financial Planning for Condo Managers


Financial Planning for Condo Managers

Examine the financial management of condominium corporations. Topics covered include: the accounting process, financial administration, General Ledger and coding, Financial Statements (FS), presenting FS to the Board, understanding and preparing budgets, Reserve Funds, the Audit, investing and borrowing. Knowledge of Microsoft Excel and Word required. As of November 1, 2017, this is one of the four courses which are the educational requirements for a general license under the Condominium Management Services Act. This Act requires all condominium managers and providers in Ontario to be licensed. For more information on licensing, contact the Condominium Management Regulatory Authority of Ontario (CMRAO) at This is also one of the four courses which is compulsory for those managers who wish to write the Association of Condominium Managers of Ontario's RCM exam. For more information on the RCM, contact ACMO Note: On November 1, 2021, responsibility for licensing education will transfer to the CMRAO and they will be introducing 6 different courses that will be required for licensing. Notwithstanding this, the four current ACMO courses will continue to be valid education for a license until October 31, 2022, provided you have enrolled in at least one ACMO course and applied for their Limited License before November 1, 2021. If you do this, and complete the four ACMO courses by October 31,2022 you will be deemed to have met the education requirement for licensing. Visit, and click on Education to see more information and to confirm the transition plan.
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Area of Interest:
Business, Finance & Administration

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