Why I Should Attend?

Indian tribes, tribal organizations, nonprofit organizations, and any other entity that receives funds from outside sources,
including the federal and state governments, is required to maintain an accounting system that captures how the organization
manages and spends its funds. Federal regulations require that accounting systems must comply with the Generally
Accepted Accounting Principles (GAAP); and that the accounting system must include provisions for seven elements: (1)
Financial reporting; (2) Accounting records; (3) Internal controls; (4) Budget control; (5) Allowable costs; (6) Source
documentation; and (7) Cash management.

This course provides an introduction to basic accounting principles, concepts; and terminology such as: revenues, expenses,
assets, liabilities, income statements, balance sheets, and statement of cash flows; and an overview of indirect cost
principles.

Who Should Attend?

Tribal Council Members, Education Boards, Health Boards, Tribal Chartered Organizations, Program Directors, Managers; Finance and Accounting Staff, Grants and Contracts Staff.  Federal Awarding Officials, AOTRs, SAOTRs, Federal Contracting Officers, Federal Line Officers.

What Will I Learn?

  • Governmental Accounting (how it applies to tribes and tribal organizations)
  •  Purpose and Role of the Financial Accounting Foundation (FAF), Government, Government Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB)
  • Activities and Responsibilities of a Government (general government, business type, fiduciary)
  •  Basic Accounting Concepts (the basic “accounting equation”)
  • Double Entry Accounting (debits & credits, t-accounts, normal balances, activity, journals, ledgers, how transactions are processed)
  • Accounting Records (journals, ledgers, processing transactions)
  • Accounting Transactions (accounts receivables, accounts payables, general ledger, payroll, activities)
  • Fund Accounting (purpose, fund categories, inter-fund loans, inter-fund transfers, activities)
  • Basis of Accounting (cash, accrual, modified accrual, measurement focus)
  • Overview of Financial Reporting (MDA, RSI, dual roles)
  • GASB Integrated Accounting/Financial Reporting Model
  • Budgeting (objectives, approaches, process, budgetary controls)
  • Capital Assets (examples, activities)
  • Tribal Accounting Specifics (federal grants &; contracts, i.e. Pub. L. 93-638 &; discretionary grants, federal financial reporting, i.e. SF-425s)
  • Tribal Accounting (budgeting, governmental operations, revenues &; expenses, grants &; contracts management, program revenues)
  • Becoming Audit Ready (accounting transactions, monthly reconciliations, grants management, indirect costs, narrative reports, fixed assets, trial balance, internal controls, council minutes, investments, loans, etc.)
  • Fraud Prevention (internal controls, approvals, segregation of duties)
  • And much, much more!

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