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What financial information is a condo owner allowed to know from its board or management?
Depending on your governing documents, as an owner, you are entitled to review the financial documents of the condominium association.
These documents may be limited to a corporate Balance Sheet, and an Income Statement.
From those documents you may or may not be able to ascertain the particular value of a money market account, for example, but you will be able to ascertain categorically, the value of the reserves, the accounts receivable and the Accounts Payable.
The frequency and currency of these documents and your access to them is spelled out in your governing documents.
What else can I help you with?
Who makes decisions on financial management issues?
Financial Management Board
Does financial management has a board exam?
According to our meeting, financial management has already a broad exam.
Where can one find the members of a healthcare financial management board?
There are a few places where one can find the members of the Healthcare Financial Management Board. The easiest way would be to go the the Healthcare Financial Management website.
What group or groups of people are not considered to be the external users of accounting information?
Internal Users of accounting information would not usually be external users. Management, staff, the board, would all be classed as internal users of financial information.
What are the optional elements that are often included in an annual report?
The optional elements that are often found in an annual report are: financial highlights, letter to stockholders, corporate message, report of management, board of directors and management, and stockholder information.
The _____________serves as the JFC's principal organization to draft the commander's information dissemination policy and coordinates information management functions within the jointforce?
The Joint Information Management Board
The financial management board and financial working group implement a quarterly phased plan?
The financial management board and financial working group collaborate to execute a quarterly phased plan that outlines key financial objectives and milestones. This structured approach allows for systematic monitoring and evaluation of financial performance, ensuring alignment with organizational goals. Regular assessments and adjustments are made to adapt to changing conditions and optimize resource allocation. Overall, this plan fosters transparency and accountability in financial operations.
Who use the financial report?
A company's financial report may be used by the management, the board of directors, and the government. The stockholders may also be interested in the financial report in order to understand the direction the company is headed in.
How financial information presented?
Financial information is usually presented to board members at every board meeting. It is presented in writing, and subject to board approval. Typically, a balance sheet and a profit and loss against the budget with variances and the last year's year to date information is presented. As requested, a scorecard or a cash flow statement may be presented as well.
What is the difference between board of directors and management board?
The management board controls and monitors the company's management and performance. The management and performance goals have been set by the board of directors.
What has the author Charles M Bley written?
Charles M. Bley has written: 'A guide to the board's role in hospital finance' -- subject(s): Business management, Economics, Finance, Financial Management, Governing Board, Hospital Administration, Hospital Economics, Hospital trustees, Hospitals
When was Financial Accounting Standards Board created?
Financial Accounting Standards Board was created in 1973.
