Preparing Year-End Financial Statements
for Tribes and Tribal Organizations
Finance

July 30-31, 2009

Las Vegas, NV   |   Palace Station For a room rate of $35 Courtyard or $55 Tower, please call 1-800-634-3101 and mention Falmouth Institute by June 26.

$755

The Comprehensive Annual Financial Report, otherwise known as the CAFR, is not a project that organizations should undertake lightly. The report documents all of a tribe’s or tribal organization’s financial activities recorded throughout the preceding year. The CAFR is prepared under the accounting and reporting standards outlined by the Government Accounting Standards Board (GASB). Taking the time to prepare this document will provide your organization with a comprehensive look at its financial condition.

This class will look at every aspect associated with creating a CAFR, from considerations related to the letter of transmittal, MD&A, fund financial statements and government-wide financial statements to the required supplementary information and statistical section. You’ll receive a comprehensive CD with sample financial statements, cash flows and note disclosers.

Join us. Let financial expert John Friel* guide you through the complexities of the CAFR. Don’t miss out — register today!

*Instructor subject to change.

Topics that will be covered include:

Reporting Resources Codification Comprehensive question and answer guide GFOA Blue Book GFOA Reporting Checklist Level B GAAP Fund Financial Statements Major fund calculations Reserved fund balance When an internal service fund makes sense Permanent and fiduciary funds Converting to Government-Wide Statements Second-year considerations Inter-period allocation Reconciliations to the fund statements Discreet component units Management Discussion and Analysis Minimum and maximum Defining “significant” Charts Clarity and conciseness The Letter of Transmittal Avoiding repetition Communicating with users

Formatting Graphics Table of contents Section dividers Styles Notes to the Financial Statements Use as a management tool Summary of significant accounting policies Roll forward tables and schedules Capital asset and long-term debt as a first step Detailed notes Required Supplementary Information Budget vs. actual Combining non-major funds statements Pension trend data Grant compliance The Statistical Section Required sections applicable to Indian Country Meaningful information for tribes GASB Update Statements effective this year GASB exposure drafts Upcoming agendas Topics subject to change.