Course Overview
About This Course
An association pays for today's services and tomorrow's repairs at once. A community association budget must account for today’s operating costs while preparing for future obligations. This course focuses on the planning and funding decisions that connect operating expenses, assessments, reserves, cash flow, and long-term maintenance needs.
You will see how managers use financial information and reserve studies to develop budgets, monitor performance, identify funding gaps, and communicate financial requirements and budget performance clearly to boards and homeowners. Build on accounting fundamentals with 3 prerequisites of ECAFM to communicate funding needs and budget performance clearly to decision-makers.
Part of your ECAFM journey
ECAFM-202 is the middle course of the ECAFM sequence, between ECAFM-201 and ECAFM-203. Register by PDF and email, and read the certification requirements before you apply.
Course at a Glance
Course Code
ECAFM-202
Certification
ECAFM
Delivery Method
Online
Price
$995 USD
Course Level
Intermediate
Duration
To be confirmed
Practical Knowledge
What You'll Learn
Develop the planning skills needed to connect association expenses, revenue, reserves, and assessment funding.
Budget development
Understand core components of an association budget, including expected revenue, operating expenses, recurring services, & maintenance.
Cash flow
Monitor expected receipts and expenditures, compare budgeted and actual results, & investigate meaningful variances before they become larger issues.
Reserve planning
Understand the reserve studies, component inventories, replacement costs, & the relationship between reserve studies and funding plans.
Budget monitoring
Use budget-to-actual comparisons to identify significant variances, monitor spending patterns, and flag items that may require review or action.
Assessment planning
Explore how assessment requirements are established, how changes affect association finances, and how managers communicate funding needs to decision-makers.
Funding communication
Present budget assumptions, reserve needs, funding requirements, and financial alternatives clearly to boards and association stakeholders.
Your Credentialing Journey
One Course. A Clear Path Forward.
The ECAFM pathway moves from accounting fundamentals to financial planning, then to executive-level financial management.
01 / COURSE 1
ECAFM-202
Community Association Accounting & Financial Fundamentals
02 / COURSE 2
ECAFM-202
Community Association Budget, Reserve & Assessment Management
You are here
03 / COURSE 3
ECAFM-203
Executive Community Association Financial Management
04 / EXAM
Final Exam
Show what you learned after all three courses.
$1000 USD
05 / APPLY
Certification Application
File the certification application after a passing exam result.
$250 USD
Continue Your Professional Journey
Executive Community Association Financial Manager (ECAFM)
Build on your accounting and budgeting knowledge with the complete ECAFM pathway. Explore certification requirements, examination details, and the application process.
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 interactive registration application for ECAFM-202, provide your information and preferred course date, and email the completed PDF to HOA Unlimited University.
ECAFM-202 · Community Association Budget, Reserve & Assessment Management
Online · $995 USD per participant
01 / DOWNLOAD
Open the PDF
Download the fillable ECAFM-202 registration form and save it to your computer.
02 / COMPLETE
Complete the Form
Enter your name, contact details, and preferred course date, then save it.
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
Build on your accounting foundation or prepare for the executive-level course in the ECAFM pathway.