Cmca budgets Study guides, Class notes & Summaries

SOLVED- ELABORATED-CMCA Practice Test Questions 2022 SOLVED- ELABORATED-CMCA Practice Test Questions 20221. Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warranties C. A work order/response form D. A contractor's invoice C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - 2. The primary management control tool...

CMCA (3-4) Budgets, Reserves, Investments, and Assesments/Financial Controls test with 100% correct answers2024

SOLVED- ELABORATED-CMCA Practice Test Questions 2022SOLVED- ELABORATED-CMCA Practice Test Questions 20221. Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warranties C. A work order/response form D. A contractor's invoice C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - 2. The primary management control tool ...

CMCA (3-4) Budgets, Reserves, Investments, and Assesments/Financial Controls

Financial Statements, Audits, Income Taxes & Investments for 2022 Liabilities - |Ans| >> Liabilities consist of what is owed to others or collected in advance (e.g. owner assessments received prior to the billed month). Members' equity - |Ans| >> Members' equity is called the fund balance under the fund method of reporting. It equals the difference between the community association's assets and liabilities. Modified cash basis of accounting - |Ans| >> This method records...

CMCA questions and answers latest top score. Resolution - ANS. Is a motion that follows a set format and is formally adopted by the board of directors. Community Association - ANS. Is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. Characteristics of a Community Association - ANS. Mandatory membership, mutually binding documents and lien-based assessments. Lien - ANS. Is ...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021CMCA Budgets, Reserves, Investments, and Assessments/Financial Controls for 2021 Assessment - |Ans| >> The owner's financial obligation to the community association during a given period of time—usually one year. It covers the owner's share of the common expense, also known as "common e...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021CMCA Budgets, Reserves, Investments, and Assessments/Financial Controls for 2021 Assessment - |Ans| >> The owner's financial obligation to the community association during a given period of time—usually one year. It covers the owner's share of the common expense, also known as "common e...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-CMCA Financial Controls II for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-CMCA Financial Controls II for 20211. Actual cash value (ACV) The depreciated value of an item. 2. Advertising injury __________ provisions in CGL (comprehensive general liability) include language providing coverage to the community association with respect to damages resulting in "misappropriation of advertising ...