Casino Accounting and Auditing

This course will address systems, managerial reporting, internal controls, and governmental regulations that impact finance and accounting in Native American gaming.  Common practices and procedures in audit and accounting will be examined, as well as various regulatory compliance concepts.  

TOPICS

·        Systems

·        Casino accounting structure

·        Inter-department accounting relationships

·        Financial statements and reporting requirements

·        Casino accounting cycle

·        Cage and vault operations (overview)

·        Recording typical transactions

·        Financial statement analysis

·        Capital and annual budgeting

·        Working with external auditors

·        Internal controls

·        Conducting internal control review

·        State compacts and Tribal ordinances

·        Critical control areas

·        Auditing practices

·        Records retention 

WHO SHOULD ATTEND?

This course is excellent for key accounting personnel, department directors, internal auditors, gaming commissioners, regulatory staff and controllers who need to gain a better understanding of systems, reporting, and revenue flows in the Indian casino operation.  Especially valuable to the aforementioned personnel who are new to Native American gaming.  

RESULTS

Upon successful completion of this course, attendees will have learned: 

·        An understanding of casino accounting relationships and how numbers influence operations and how operations influence the numbers

·        A functional understanding of casino operations and the interrelationship of gaming and other major departments (lodging, food, beverage, entertainment, etc.)

·        Methods to evaluate casino-wide and departmental financial statements

·        How to calculate and analyze fundamental of ratios and how ratios are used in financial statements and in making business decisions for the casino industry

·        A basic vocabulary associated with Indian casino accounting, finance, and controls

·        A working understanding of internal controls, procedures, policies, and other regulations

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Last modified: November, 2004