Central Florida’s largest CPA firm, AWDOH, to complete results of second annual study comparing timeshare HOA financials over an eight year period.
Orlando, FL (Sept. 9, 2011) –– Central Florida’s largest independent accounting firm, Averett Warmus Durkee Osburn Henning CPAs (AWDOH), announced they are completing work on a second annual study of approximately 100 Florida timeshare resort homeowner associations (HOAs). AWDOH Partner Tom Durkee CPA says, “As we are heavily involved in providing tax and accounting and auditing services for timeshare/vacation ownership companies and homeowner associations, we saw that our clients needed a study that would compare HOA portfolio performance during the last few years with that of earlier, more economically favorable years. Last year we compared seven years of data and this year we will add 2010 figures to those statistics.”
Last year, AWDOH’s “Financial Trending and Benchmarking of Florida Timeshares” was able to report on trends for timeshare HOAs by creating a database with extensive financial and operational information drawn from 2003, 2006 and 2009 audits. The study factored in other variables, such as developer or management company support, as well. Because the HOAs were strategically selected according to their geographic location, scope and size, AWDOH was able to review key financial indicators to show financial trends both regionally and statewide.
Results of the first study were made available last fall. For more information about the project, contact Tom Durkee ([email protected]) or Lena Combs ([email protected]) at (407) 849-1569. To request a copy of the Executive Summary of the 2010 report, send an email request to [email protected] and include your name, company name, phone number and email address.
About Averett Warmus Durkee Osburn Henning CPAs
Averett Warmus Durkee Osburn Henning (AWDOH) provides timeshare/vacation ownership companies, owners associations and other clients with assurance, accounting and tax compliance services. As the largest, independent CPA firm in Central Florida, AWDOH provides consulting services to clients for business acquisitions and disposition, including recruiting and training their employees, and advising clients on ways to improve their internal processes while providing them with relevant information needed to make timely, critical decisions. For further information about AWDOH’s timeshare department, contact Tom Durkee ([email protected]) or Lena Combs ([email protected]) at (407) 849-1569.
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SOURCE: Averett Warmus Durkee Osburn Henning