Falmouth Institute - Medical Billing and Medical Records Management

This class is not currently scheduled.

A Problem-Solving Approach to Casino
Accounting and Auditing for
Indian Gaming Organizations

Go beyond the basics with this interactive approach to casino accounting and auditing. Our expert instructor will lead you through an in-depth discussion of the many challenges that tribal gaming operations face. You’ll learn internal controls that exceed the MICS established by the National Indian Gaming Commission and weigh the pros and cons of adopting more stringent controls for your own casino.

This two-day class will help you determine the appropriate staffing and equipment for monitoring table games. You’ll discuss cage and vault functions, current IRS requirements, currency transaction reporting and many other topics. You’ll also gain practical knowledge with four hands-on exercises involving table games, slots, complimentaries and Title 31 of the Bank Secrecy Act. Don’t miss this opportunity to expand your understanding of casino accounting and auditing for the tribal gaming operation.

T O P I C S I N C L U D E

Control of Slot Machines

Preparing a slot machine assets record
Slot management systems
Performance and analysis overview
Improving slot machine accountability

Table Games

Staffing
Opening and closing tables
Drop and count procedures
Table inventories, fills and credits
Key and dice controls
Table game accounting

Cage and Vault Functions

Cashier organizational structure and accountability
Vault, cashier and count accounting flow
Physical layout
Revenue clearing/reimbursement

Current IRS Issues

W-2G and 1099 issues
Customer identification requirements
Employee meals
IRS tip compliance programs
Contractor 1099s

Currency Transaction Reporting

Title 31 of the Bank Secrecy Act
Key reporting requirements
Penalties for non-compliance
Suspicious activity reporting
Customer relations
Officials’ responsibilities and training programs

MICS

Overview of standards
Compliance program
Annual CPA requirements
NIGC role
Updated MICS

Special Issues

Controlling complimentaries
Coupon issuance and redemption controls
Player clubs and promotion

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