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Condominium Financial Management in Quebec

PLEASE NOTE: The following optional tutorial is highly recommended for individuals without a financial background: Fundamentals of Financial Accounting Tutorial

Gain the knowledge and skills required to successfully manage all financial aspects of a condominium. The course will explain the responsibilities of the property manager in budgeting, preparation of financial statements, collection, development of a reserve fund, cash-flow planning, preparation for audit and investments. Working knowledge of Excel is required.

This course is also available in French.

Dates: Tuesday and Thursday evenings 6-9 pm: April 1, 3, 8, 10, 15, 17, 2014
Saturdays 9 am-4 pm: April 5 & 12, 2014
Course Duration: 30 hours in class plus approximately 10 hours for readings & assignments
6 sessions of 3 hours each (6:00 pm - 9:00 pm)
Plus 2 full-day sessions on 2 Saturdays (9am – 4pm)
Location: 688 Sherbrooke Street West, room to be confirmed

Regular fee per course: $995
OAAQ (ADMA) member fee: $795
McGill Alumni fee: $795

Registration.


Outline

  • Introduction to accrual accounting: basic accounting standards, presenting and understanding financial statements, financial controls and reporting, reconciling account variances; relationship between the treasurer and the manager.

  • Trust accounting of monies received while exercising the occupation of chartered administrator

  • Establishing a condominium budget: Purpose, objectives, preparation, budgetary items, controls, adjustments and determining the co-owners’ contribution

  • Reserve fund: understanding and explaining the fund, assessing the needs

  • Fiduciary management of substantial losses

  • Financial audit: documents to prepare, final and adjusted entries, relationship with the auditor, understanding and explaining reports

  • Financial policies to be implemented in a syndicate 

  • Case studies, summary and best practices


Instructor

Raad Jassim

Prof Jassim is an Architect (OAQ), Chartered Administrator of Quebec (ADMA), and Member of The Royal Architecture Institute of Canada (MRAIC). He possesses a Bachelor of Engineering Architecture and a Master of Urban Planning, as well as a Graduate Diploma in Management from McGill University (Finance Major), and has completed the course requirements for the Ph.D. program in the Faculté d'aménagement de l'Université de Montréal, which included exchange courses at UCLA. He has over 20 years of diversified experience in project management, real estate and investment, offering services to both public and private institutions. Prof. Jassim is an Adjunct Professor at the Faculty of Engineering McGill University. He teaches courses in Managerial Corporate Finance, Real Estate Investment, Managerial Economics and Engineering Economics at McGill University, John Molson School of Business (Concordia) and at New York Institute of Technology (in association with the University of Chicago, the London School of Economics, the Columbia Business School, as well as Stanford and Carnagie Mellon Universities).


How to Register

Please take a moment to carefully read the registration instructions below:

  1. Print and complete the CBUS 100 Condominum Financial Management Registration Form 2013
    Before submitting your registration please verify that all information is legible, that you have signed both forms and that the supporting documents have been photocopied correctly.

  2. How to submit your registration:
    - By email to pdregistrations [dot] conted [at] mcgill [dot] ca (please scan and attach clear copy of documents)
    - By mail or in person to:

    Department of Career and Professional Development
    McGill University School of Continuing Studies
    688 Sherbrooke Street West, Suite 1199
    Montreal, Quebec  H3A 3R1

    Opening Hours:
    Monday to Thursday: 8:30am - 6:15pm
    Fridays: 9:00am - 5:00pm

    Should you have any questions or concerns about your registration, please do not hesitate to contact us by phone at 514-398-6200 or by pd [dot] conted [at] mcgill [dot] ca (email).

Payment

Fees may be paid by Visa, Mastercard or AMEX. We also accept payment by personal cheque.

For all other inquiries, please contact 514-398-5454 or pd [dot] conted [at] mcgill [dot] ca.


Third Party Sponsorship

Companies paying fees on behalf of their employees may be eligible for a tax deduction in accordance with Bill 90, or for the refundable training tax credit. To find out more, click here.

If you have an agreement with your employer whereby the company should be billed directly for your course fees, please refer to the Student Accounts Website for instructions on initiating a Third Party Sponsorship. You should submit all the required Third Party Sponsorship documents along with your registration.

Third party billing procedure

Third party billing Form


Cancellation Policy

If you wish to cancel your registration, please advise Career and Professional Development in writing at:

688 Sherbrooke Street West
10th foor, room 1029
Montreal,QC
H3A 3R1

Phone: 514 398 5454
Fax: 514 398 5224
pd [dot] conted [at] mcgill [dot] ca (Email)

Either:

  1. Before the first lecture to obtain a full refund.
  2. Prior to the THIRD lecture drop with full refund of course fees and a $100 cancellation fee.
  3. After the THIRD lecture withdrawal with no refund of course fees (please note that this option implies a withdrawal, grade “W”, on your transcript).

Frequently Asked Questions

Are there any pre-requisites for this course?
There are no pre-requisites for this course. Students are expected to have access to the Internet.

Do I need to purchase any course material?
No the cost of the material is included in the course fee.  All material will be provided during the course.

Are there any additional recommended readings?
Any additional recommended readings will be suggested by your instructor in class.

Where is my class being held?
Classes are held on the McGill Downtown Campus. Click here here for a map of the McGill campus.  The McGill School of Continuing Studies will send you a confirmation of your classroom location prior to the start of the course.

Can I take this course without being evaluated?
If you do not wish to be evaluated, you can fill out a Request for Non-Evaluation form at the Department prior to the second class. Your McGill transcript will show a grade of NE (Not evaluated). You will find the Request for Non-Evaluation form here. Note that students who request non-evaluation will not receive are not eligible neither for the certificate in condominium management nor an attestation of successful completion.

What if I need to cancel my registration?
If you no longer wish to attend the course, you must notify Career and Professional Development in writing about your intention to drop the course. Notifying the instructor is not sufficient. You may cancel your registration prior to the first lecture to obtain a full refund, prior to the THIRD lecture with full refund of course fees and a $100 cancellation fee, or after the THIRD lecture with no refund of course fees (please note that this option implies a withdrawal, grade “W”, on your transcript).