Course Overview
About This Course
Community association financial management starts with reliable financial information and a clear understanding of accounting information. This course introduces the accounting principles, terminology, records, and reporting practices used to track the financial activity of HOAs and other common interest communities.
Learn how transactions move through association records, how reconciliations help verify financial information, and how to read core financial statements. Develop the foundation needed to recognize important financial information and communicate effectively with boards, managers, accountants, and other financial professionals. It is the base for the budget, reserve, and executive topics in ECAFM-202 and ECAFM-203.
Part of your ECAFM journey
ECAFM-201 opens the three-course financial pathway toward the Executive Community Association Financial Manager credential. Register by PDF and email. Read the full certification requirements before you apply.
Course at a Glance
Course Code
ECAFM-201
Certification
ECAFM
Delivery Method
Online
Price
$995 USD
Course Level
Foundational
Duration
To be confirmed
Practical Knowledge
What You'll Learn
Develop a practical understanding of accounting records and financial reports used to monitor an association’s financial activity.
Accounting Principles
Understand operating and reserve funds, transaction concepts, and different accounting methods used in association financial reporting.
Account Structure
Learn how income, expenses, assets, liabilities, and other accounts are organized in charts of accounts to produce useful financial information.
Transaction Records
Explore the purpose of ledgers, journals, accounts payable, accounts receivable, bank records, invoices, receipts, and approvals for each payment.
Reconciliations
Understand how bank and account reconciliations help identify discrepancies and support accurate financial records.
Financial statements
Identify the purpose and relationship of financial reports. Learn to read the balance sheet, income statement, & expense statement provided by leadership.
Reporting controls
Recognize important trends, unusual activity, review procedures, documentation issues, and reporting questions that may require further review.
Your Credentialing Journey
One Course. A Clear Path Forward.
Start with the accounting base. Make your way to budgets, reserves, and executive strategy, pass the final exam, and get your certification.
01 / COURSE 1
ECAFM-201
Community Association Accounting & Financial Fundamentals
You are here
02 / COURSE 2
ECAFM-202
Community Association Budget, Reserve & Assessment Management
03 / COURSE 3
ECAFM-203
Executive Community Association Financial Management
04 / EXAM
Final Exam
Sit the exam after completing all three courses.
$1000 USD
05 / APPLY
Certification Application
Apply for certification after you pass the final exam.
$250 USD
Continue Your Professional Journey
Executive Community Association Financial Manager (ECAFM)
Explore the complete ECAFM curriculum, eligibility requirements, examination process, and steps required to pursue the Executive Community Association Financial Management (ECAFM) credential.
Complete the prerequisite coursework or obtain an approved waiver, then pass the final exam before submitting your certification application.
Course Registration
Register by PDF & Email
Download the fillable registration application for ECAFM-201, provide your information and preferred course date, and email the completed PDF to HOA Unlimited University.
ECAFM-201 · Community Association Accounting & Financial Fundamentals
Online · $995 USD per participant
01 / DOWNLOAD
Grab the Form
Download the ECAFM-201 registration PDF and keep a copy on your device.
02 / COMPLETE
Fill In the Form
Type in your details and preferred course date, then save the PDF.
The email button opens your email app. Attach your saved PDF before sending. You can also email it directly to info@hoaunlimited.com.
Complete Your ECAFM Coursework
Explore the Other Prerequisite Courses
Continue your financial management education with the next two courses on the ECAFM pathway.