CICSC
FOAM · Volume 3 of 4

Association Financials

What the Money Is Telling You

For the board, manager, or accountant who needs to read a financial statement and know what it means.

Ships September 2026

A plain-English guide to reading an association's financial packet and knowing what it means. It builds from the accounting equation up through the five documents that run every monthly packet — balance sheet, income statement, general ledger, AR aging, and bank reconciliation — and ends with a thirty-minute review any board member or manager can run with confidence.

Inside the Book

Part I — The Discipline

  1. 1.Why Association Accounting Is Its Own Discipline
  2. 2.The Equation, Debits, Credits, and What Hits the Ledger
  3. 3.Cash vs. Accrual and the Chart of Accounts

Part II — The Five Documents That Run the Packet

  1. 4.The Balance Sheet, Fund by Fund
  2. 5.The Income Statement — Operating, Reserve, and the Twelve-Month View
  3. 6.The General Ledger, AR Aging, AP Register, and Bank Reconciliation

Part III — Reading, Reconciling, and Speaking

  1. 7.When the Numbers Don't Tie
  2. 8.Year-End: Audits, Reserve Studies, Resale Certificates
  3. 9.The Thirty-Minute Review and the Conversation with Your Board

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$44.99Softcover Workbook

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Disclaimer: CICSC provides educational resources, governance standards, and practical advisory support. CICSC does not provide legal advice, accounting advice, tax advice, engineering advice, insurance advice, or reserve study services. Board members and associations should consult qualified professionals for matters requiring professional judgment or legal interpretation.