Condominium Financial Management in Quebec

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.

  Dates Day & Time Fees

In-Class Section # 751

TBA

Wednesday 6-9pm November 1, 8, 15, 22, 29; December 6 Saturdays 9am – 5pm November 18 & December 2
 

Regular course fee: $995*
OAAQ (ADMA) member fee: $846*
McGill Alumni fee: $846*

Online Section
# 752

* Fees for non-credit courses apply

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

Robert Robillard


How to Register

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

  1. Print and complete the Permanent Code Data Form
    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.conted [at] mcgill.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.conted [at] mcgill.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.conted [at] mcgill.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


Course Drop/Withdrawal Policy

  • Any time prior to the 1st class: Course Drop Period with Full Refund.
  • After the 1st and before the 2nd class: Course Drop Period with Refund minus $20 fee.
  • After the 2nd class: Course Withdrawal with No Refund.

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.