Which Year-end Engagement is Right for Your Strata?

May 9, 2017 RHN CPA No Comments

Which Type of Year-end Engagement is Right for Your Strata? “Audit”, “Review”, “Notice to Readers”. These are potentially confusing terminology for the layman Strata Council member. Before you allocate budget to next year’s Professional Fees, read this article by Venus…



Financial Literacy for Strata Councils and Owners: The Balance Sheet

August 8, 2016 RHN CPA No Comments

Balance Sheet The statement of financial position (SFP) or balance sheet is one of the reports commonly presented to Council, Owners and managers for periodic review. This is often a confusing beast for those unfamiliar with it. Hopefully, after reading…



Financial Literacy for Strata Councils and Owners: The Income Statement

August 8, 2016 RHN CPA No Comments

Income Statement The statement of operations or income statement is one of the reports commonly presented to Strata Council, Owners and professional managers for periodic review. This statement is fairly intuitive but is often not fully understood because the purpose…