Cmca exam prep exam - Study guides, Class notes & Summaries

SOLVED- ELABORATED-CMCA Practice Test Questions 2022SOLVED- ELABORATED-CMCA Practice Test Questions 20221. Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warranties C. A work order/response form D. A contractor's invoice C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - 2. The primary management control tool ...

SOLVED- ELABORATED-CMCA Meetings Questions for 2022 SOLVED- ELABORATED-CMCA Meetings Questions for 2022CMCA Meetings Questions for 2022 Section 1: Meetings Table a motion - |Ans| >> Incomplete items on the agenda should be rescheduled for another meeting. Robert's Rules of Order - |Ans| >> Provides common rules and procedures for deliberation and debate in order to place the whole membership on the same footing and speaking the same language Timed agenda - |Ans| >> Limits the...

SOLVED- ELABORATED-CMCA Meetings Questions for 2022 SOLVED- ELABORATED-CMCA Meetings Questions for 2022CMCA Meetings Questions for 2022 Section 1: Meetings Table a motion - |Ans| >> Incomplete items on the agenda should be rescheduled for another meeting. Robert's Rules of Order - |Ans| >> Provides common rules and procedures for deliberation and debate in order to place the whole membership on the same footing and speaking the same language Timed agenda - |Ans| >> Limits the...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021CMCA Budgets, Reserves, Investments, and Assessments/Financial Controls for 2021 Assessment - |Ans| >> The owner's financial obligation to the community association during a given period of time—usually one year. It covers the owner's share of the common expense, also known as "common e...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-Financial Controls for 2021CMCA Budgets, Reserves, Investments, and Assessments/Financial Controls for 2021 Assessment - |Ans| >> The owner's financial obligation to the community association during a given period of time—usually one year. It covers the owner's share of the common expense, also known as "common e...

Financial Statements, Audits, Income Taxes & Investments for 2022 Liabilities - |Ans| >> Liabilities consist of what is owed to others or collected in advance (e.g. owner assessments received prior to the billed month). Members' equity - |Ans| >> Members' equity is called the fund balance under the fund method of reporting. It equals the difference between the community association's assets and liabilities. Modified cash basis of accounting - |Ans| >> This method records...

SOLVED- ELABORATED-CMCA Property Maintenance I 2023 CMCA Property Maintenance I Emergency services maintenance - |Ans| >> This is the ability to respond to unpredictable problems (for example, sewer backups, slope failures, roof leaks and frozen pipes). The key to a successful response to an emergency is to anticipate the different possibilities—and to develop a plan for responding to each one. Facilities management - |Ans| >> The process of operating, maintaining, repairing, an...

Financial Statements, Audits, Income Taxes & Investments for 2022 Liabilities - |Ans| >> Liabilities consist of what is owed to others or collected in advance (e.g. owner assessments received prior to the billed month). Members' equity - |Ans| >> Members' equity is called the fund balance under the fund method of reporting. It equals the difference between the community association's assets and liabilities. Modified cash basis of accounting - |Ans| >> This method records...

SOLVED- ELABORATED-CMCA Property Maintenance I 2023 CMCA Property Maintenance I Emergency services maintenance - |Ans| >> This is the ability to respond to unpredictable problems (for example, sewer backups, slope failures, roof leaks and frozen pipes). The key to a successful response to an emergency is to anticipate the different possibilities—and to develop a plan for responding to each one. Facilities management - |Ans| >> The process of operating, maintaining, repairing, an...

SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-CMCA Financial Controls II for 2021 SOLVED- ELABORATED-CMCA Budgets, Reserves, Investments, and Assessments-CMCA Financial Controls II for 20211. Actual cash value (ACV) The depreciated value of an item. 2. Advertising injury __________ provisions in CGL (comprehensive general liability) include language providing coverage to the community association with respect to damages resulting in "misappropriation of advertising ...