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Fund Reporting for Tribes and Tribal
Organizations





Each year tribes incur significant audit costs. Your costs can be reduced by maintaining accurate financial records and preparing your fund financial statements and government-wide financial statements in-house.

This class will provide you with the knowledge that tribal finance officers and accountants need, from preparing year-end adjusting and closing entries to preparing audit schedules and reporting requirements under GASB 34. You'll gain practical hands-on knowledge through both comprehensive practice sets and in-class discussions.

Don't miss this opportunity. Join our financial expert for this intensive, two-day class. Start preparing for your next audit today!

T O P I C S   I N C L U D E
The Tribal Accounting and Regulatory Environment
  • Tribal financial reporting
  • Regulatory changes
  • New limits on auditor services
Reporting
  • Modified accrual
  • Full accrual
  • Internal vs. external reporting
  • The tribal reporting umbrella
Accounting Information System
  • The balance sheet
  • Operating statements
  • Policies and procedures
  • Classes of transactions
  • Reconciliations and reviews
  • Adjusting and month-end entries
  • Revising recurring journal entries
Specific Transactions: Payables and Receivables
  • Grants/contracts
  • Accrued expenses
  • Prepaid items
  • Fixed assets and depreciation
  • Investments
  • Inventories
  • Insurance
  • Allocations
  • Purchase orders and encumbrances
Governmental Funds
  • General funds
  • Special revenue funds
  • Debt service funds
  • Capital project funds
  • Permanent funds
Proprietary Funds
  • Enterprise funds
  • Internal Service funds
Fiduciary Funds
  • Pension trust funds
  • Investment trust funds
  • Private purpose trust funds
  • Agency funds
Fund Reporting Overview
  • Major funds
  • Other financing sources and uses
  • Reporting vacation pay
  • Reservations of fund balance
GASB 34 Reporting
  • Reading the government-wide statements
  • Converting fund statements
  • Interfund transactions
  • Reporting fixed assets
  • Restricting net assets
Audit Preparation
  • Preparation
  • Compliance and internal control requirements
  • Preparation of audit schedules
  • Managing the audit
  • New auditing standards
Special Issues
  • Assets purchased with federal grants
  • Trust land
  • Historical artifacts and mineral resources
  • SAS 112
  • Revised Yellow Book standards
  • Dos and don'ts for auditors

Topics subject to change.

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