CMCA - FINANCIAL Management Questions and Answers Already Passed

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Base line funding ✔✔funding strategy to keep the reserve cash balance above zero. Chart of accounts ✔✔assigned numbers for all accounts in an organization's general ledger. FHA ✔✔regulat... es and influences items such as required amount of insurance an association must carry, procedures for financial operations and requirements for the upkeep of the property. FNMA ✔✔may set requirements the community has to meet for owners to participate in their financing programs FHLMC ✔✔require certain types of insurance to be in place. Full funding ✔✔funding strategy to attain or maintain the reserves at or near 100% as called for on the component inventory. [Show More]

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