Financial Statement Basics

Learn about key Body Corporate financial statement terms and empower yourself to understand your community’s financial health.

Understanding Your Accounts

The financial accounts of your body corporate or other community titled entity reveal a lot – if you know how to interpret them. We will take you through the elements of your financial information pack, its purpose, and what each is telling you. We’ll also cover a few tips & tricks on what to look for in your accounts, and address some commonly asked questions.

What was covered:

  • Financial Funds: what they are, what for, and why they’re different.
  • Some basic accounting concepts & jargon.
  • The Accounting Equation: Revenue, Expenses, Assets, Liabilities, Owner’s Equity.
  • The Financial Pack: Income & Expenditure Statements, Balance Sheet and Cost Centres.

If you're in the market for a great Body Corporate Manager who is interested in helping you, have a friendly chat with our Body Corp & Community Living experts today. Contact the team on 09 968 3311 or bc@crockers.co.nz

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If you're in the market for a great Body Corporate Manager who is interested in helping you, have a friendly chat with our Body Corp & Community Living experts today. Contact the team on 09 968 3311 or bc@crockers.co.nz

Already a client? Please contact your Account Manager or phone us on 0800 2762 5377 for your enquiries.

If you're in the market for a great Body Corporate Manager who is interested in helping you, have a friendly chat with our Body Corp & Community Living experts today. Contact the team on 09 968 3311 or bc@crockers.co.nz