PPC's Guide to Homeowners' Associations and Other Realty Associations

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Your one-stop reference guide to HOA accounting

PPC's Guide to Homeowners' Associations and Other Common Interest Realty Associations is the most comprehensive Guide ever written about homeowners' associations, condominium associations, cooperative housing corporations, and time-share developments. The Guide covers the unique accounting, auditing, and reporting issues for common interest realty associations (CIRAs) and gives you everything you need to perform audit, compilation, and review engagements both effectively and profitably.

Accounting for homeowners' associations and other realty associations simplified

The Guide provides -

• Complete sets of practice aids and related guidance for performing audits and compilations and reviews
• An overview of the CIRA industry and the CIRA legal regulatory environment
• CIRA accounting principles and financial statement presentation, including member assessments, funds for future major repairs and replacements, capital improvement funds, and reserve studies
• Detailed guidance on interpreting the complex tax rules and regulations that CIRAs must follow, along with illustrative tax returns and calculation worksheets for filing both Form 1120-H and Form 1120
• Expanded discussion and report illustrations relating to required supplementary information about future major repairs and replacements
• CIRA-related statutes for selected states

• Homeowners' Associations
  • INTRODUCTORY MATERIAL
  • Chapter 1 Overview of Common Interest Realty Associations
  • Chapter 2 The CIRA Legal Environment
  • Chapter 3 Accounting Principles and Practices
  • Chapter 4 Financial Statement Presentation
  • Chapter 5 Income Taxes
  • Chapter 6 Pre-engagement Activities and Audit Planning
  • Chapter 7 Performing Substantive Procedures
  • Chapter 8 Concluding the Audit
  • Chapter 9 Compilation and Review Engagements
  • Chapter 10 Timeshare Developments
  • Chapter 11 Cooperative Housing Corporations
  • Chapter 12 State Requirements
  • INDEX
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  • CHECKLISTS AND PRACTICE AIDS (HOA-CX)
  • CONFIRMATION AND CORRESPONDENCE LETTERS (HOA-CL)
  • AUDIT PROGRAMS—CORE (HOA-AP)
  • AUDIT PROGRAMS—SPECIFIED RISK (HOA-AP-S)
  • INITIAL AUDIT PROGRAMS (HOA-IA)
  • COMPILATION AND REVIEW PRACTICE AIDS (HOA-CR)
  • INTERIM REVIEW PRACTICE AIDS (HOA-IR)

• PPC's Guide to Homeowners' Associations and Other Common Interest Realty Associations Sample View