Accounting and taxation for owners' associations

The accounting and taxation for owners' associations course offers specialised training to manage the accounts of these legal entities – known in Spain as comunidades de propietarios – effectively. It is designed so that students learn to keep thorough track of every financial event, providing clear and reliable information for sound decision-making in the day-to-day running of the association.

The training is adapted to the Plan General de Contabilidad de Pequeñas y Medianas Empresas (PGCE, Spain's general accounting plan for SMEs), ensuring that what you learn is useful and practical for applying accounting and tax rules correctly in owners' associations. As an online course lasting 40 hours, it offers great flexibility so that everyone can study at their own pace and around their own schedule.

During the course, students will develop the skills needed to apply an association's entire accounting cycle, from opening the books to preparing the balance sheet and the profit and loss account, as well as using a chart of accounts adapted to the sector. This practical approach strengthens your ability to solve the everyday problems that arise in the financial management of owners' associations.

The programme is aimed at professionals involved in property and owners' association management who want to broaden their knowledge and add a specialisation in accounting and taxation specific to this field.

Key course details: online format, 40 hours and a price of 495 euros.

By the end of this course, students will be able to manage the full accounts and tax affairs of an owners' association, applying current regulations and adapting the chart of accounts to the particular features of the sector. The specific objectives include:

• Understand and apply the complete accounting cycle in owners' associations.
• Analyse and record financial events in line with the adapted Spanish SME General Accounting Plan.
• Prepare balance sheets and profit and loss accounts adapted to owners' associations.
• Manage the accounting books and meet record-keeping obligations.
• Apply specific accounting criteria for assets, provisions and inventory valuation.
• Interpret equity and allocate results appropriately.
• Solve practical cases and common journal entries in owners' association accounting.

Part I - Accounting for owners' associations

Unit 1: The owners' association

An introduction to the structure and workings of an owners' association and its legal and administrative features.

Unit 2: The obligation to keep accounts in the association

An analysis of whether associations are legally required to keep accounts, and in which cases.

Unit 3: Why keeping accounts makes sense

The advantages and benefits of keeping organised, transparent accounts in an owners' association.

Unit 4: The most suitable types of accounting

A review of the different accounting approaches and which one best suits owners' associations.

Unit 5: Sector adaptation of the PGCE for associations

Why and how to adapt the SME General Accounting Plan to the particular features of owners' associations.

Part II – Accounting theory and practical application

Unit 1: General concepts and assets

Definitions of basic accounting concepts as applied to the association's assets.

Unit 2: The balance sheet

Interpreting and preparing the balance sheet as a financial control tool.

Unit 3: Accounts and record-keeping obligations

Types of accounts and the legal obligations regarding accounting records and documentation.

Unit 4: Accounting books, accounting principles and planning

Managing the official books, the principles for recording correctly, and accounting planning.

Unit 5: Fixed or non-current assets

The accounting treatment of fixed assets and their impact on the association.

Unit 6: Provisions, impairments and accruals

Managing provisions, analysing possible impairments and adjusting income and expenses to the correct period.

Unit 7: Inventory and valuation criteria

Valuing and controlling inventory within the association's assets.

Unit 8: Income statement (profit and loss account)

Preparing and analysing the income statement to measure the association's financial performance.

Unit 9: Equity and allocation of results

Managing equity and the processes for allocating and distributing results.

Unit 10: Working through an accounting year in practice

A complete practical case to apply and consolidate the accounting knowledge acquired.

Part III – Proposed SME General Accounting Plan adapted to the association

Unit 1: The chart of accounts

Presentation and explanation of a chart of accounts adapted to the accounting needs of owners' associations.

Unit 2: Accounting definitions and relationships

Key concepts and relationships between accounts and their impact on the association's accounting.

Unit 3: The most common journal entries in the association

Identifying and recording the most common journal entries in the day-to-day management of an owners' association.

Training in accounting and taxation for owners' associations opens doors to a range of professional fields in the property sector and property management. It is a key tool for anyone who manages the finances and tax obligations of owners' associations, providing a specialised qualification to improve financial management and regulatory compliance.

• Property administrator (administrador/a de fincas) specialising in accounting.
• Owners' association manager.
• Financial adviser to owners' associations.
• Accounting manager in property management companies.
• Administrative management technician for the property sector.

Sectors and companies

• Property and owners' association management companies.
• Professional property advisory firms.
• Bodies and organisations involved in property management and taxation.