Advanced Financial Management (DCAL)

cai financial management course

This course is an advanced DCAL (Dedicated Community Association Leader) course to be taken only after completing the Understanding Financials DCAL course.

This course will give you an in-depth understanding of the key components of a community association’s financial administration. From monthly accounting to investing your reserve funds, this course teaches the practical application of financial related practices. Included in this course is a workshop that will assist homeowners and board members with interpreting financial documents and how to use them appropriately.

Learning Objectives:

The 5 modules of this course will identify definitions, responsibility, purpose, and best practices in:

  • Monthly & Annual Accounting
  • Financial Audits
  • Creating & Balancing a Budget
  • Reserve Studies
  • Association Banking
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