Casino Auditing Courses

• Medical Auditing Courses
• Online Auditing Course For Accounting
• Free Auditing Courses Online
• Casino Auditing Courses In Qatar

Audit Resources. Auditing in the Gaming Industry - PowerPoint presentation. Auditing the Casino Floor: A Handbook for Auditing the Casino Cage Table Games and Slot Operations, 2nd Edition from the IIA. Audit Programs - there are audit. Audit Requirements. Next, there are specific audit requirements. Section 571.12 of 25 C.F.R. Provides: A tribe shall engage an independent certified public accountant to provide an annual audit of the financial statements of each gaming operation on Indian lands. IIA Training in Las Vegas. The following courses are being offered in Las Vegas, Nevada. Click on any course for details and pricing, individual course dates and times, and registration information. All courses subject to change without notice. The deadline to cancel registration is two weeks (14 days) before the course. Our training courses for casino personnel include identification of unusual or suspicious transactions, to the extent that the reporting of such transactions is required by Title 31, Subtitle B, Chapter X, by other applicable law or regulation, or by the casino.

CPE Credit: 10 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $67

Course Description
Casino and gaming operations have some of the most unique accounting and control issues found in any industry. Accounting for Casinos and Gaming delves into gaming operations, covering those accounting issues most relevant to a gaming entity. Topics covered include the accounting for loyalty and incentive programs, jackpots, chips and tokens, licensing fees, payroll, marker collections, fixed assets, and interest capitalization. The course also addresses gaming controls and federal reporting requirements. This unique resource is ideal for anyone operating a casino or gaming operation, or who wants to learn more about the industry.

Author: Steven Bragg

Course Number: AC1100

Table of Contents

Chapter 1. Gaming Operations
Chapter 2. The System of Accounting
Chapter 3. Gaming-Specific Accounting
Chapter 4. Payroll Accounting
Chapter 5. Receivables and Payables Accounting
Chapter 6. Fixed Asset Accounting
Chapter 7. Interest Capitalization
Chapter 8. Debt Accounting
Chapter 9. Controls and Policies
Chapter 10. Financial Reports
Chapter 11. Reporting Requirements

Learning Objectives

• Recognize the factors that can impact the level of gaming taxes.

• Identify the different types of games.

• Specify the responsibilities of a casino controller.

• Recognize the responsibilities of the cage staff, and the types of transactions that they handle.

• State the types of transactions used to supply chips to and remove cash from a gaming table.

• Recognize the calculation for gross gaming revenue.

• Identify the contents of a table drop box.

• Specify how a TITO system functions.

• Recognize the different accounting principles.

• Recall which accounting system incorporates the concept of being out of balance.

• Specify the source of the information for the trial balance.

• Recall the definition of revenue in the gaming industry.

• Identify the operations within a casino that can produce a deferred revenue liability.

• Specify the proper accounting for the different types of comps, promotional allowances, and deals offered to customers.

• Identify the situations in which a Form W-4 is used.

• Recognize the methods used to calculate employee compensation.

• Recall the timing of payroll tax deposits under the different deposit schedules.

• Specify how the FUTA tax is calculated.

• State the reasons why a casino might accept a write-down on a marker.

• Specify why the direct write-off method is not the best way to account for bad debts.

• Recall the costs that can be capitalized into a fixed asset.

• Specify the intent behind using the mid-month convention.

• Identify the calculations used for accelerated depreciation methods.

• Recall the proper accounting for idle assets.

• Identify the situations in which interest capitalization should be used.

• Specify the correct accounting treatment of loan commitment fees.

• Recall which information is listed in a loan amortization table.

• Specify the different types of theft that can arise in a casino.

• Identify the controls that can apply to comps, markers, bingo, and dealers.

• Recognize the logging mechanisms used to identify currency transaction reporting issues.

• Recognize the line items used in each of the financial statements.

• State the requirements for being subject to the Bank Secrecy Act, and the reporting requirements associated with it.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Program Registration Requirements: Click on 'Purchase Course' near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.

Over the years, we’ve developed a well-earned reputation for providing sound expertise and forward-thinking solutions to tribal gaming organizations. Because we understand the challenges you face, and have a deep knowledge of gaming principles, internal controls, operational issues, and reporting and auditing requirements, REDW is your ideal partner.

In addition to audit services, we can provide operational expertise specific to the Tribal gaming industry. We’ll help you with:

• Strong internal controls
• Setting up and maintaining accounting systems
• Training staff
• Developing policies and procedures
• Benefit plan administration

Gaming involves complex legal and operational issues requiring expert management skills. Our gaming business experts literally helped to write the book on tribal gaming audit and accounting. As members of the AICPA’s Gaming Task Force, we provided content and technical expertise to produce the latest AICPA Gaming Audit & Accounting Guide, the first major rewrite in more than 30 years.

For more information please contact Anthony Gerlach

SERVICES:

Audit
Audit Preparation & Consulting
Benefits Consulting
Forensic Accounting & Valuation
Fraud Prevention & Detection
Internal Audit
Human Resources Consulting
Regulatory Compliance
Software Solutions
Tax Compliance & Consulting
Title 31 Assessment & Training
Training
Wealth Management

Audit

We specialize in providing audit and advisory services to Tribal enterprise funds, tribal gaming commissions and casinos, as well as assistance with the development of internal audit controls and training. Our professional staff has special training to support tribes with a wide range of services including:

Medical Auditing Courses

• Tribal enterprise financial statement audits
• Indian casino financial statement audits
• NIGC minimum internal control standards review

Audit Preparation & Consulting

We coordinate and gather the information requested by your auditors, prepare audit schedules, and draft your financial statements. Whether you are behind on bank reconciliations and financial reports, or lack the extra staff to prepare for an audit, we can get you ready while reducing stress and saving time. When you choose our experienced specialists, you get access to our substantial knowledge and resources. We promise a smooth, hassle-free audit preparation process that will keep your costs under control.

Benefits Consulting

REDW’s sister company, Alliance Benefit Group Southwest (ABG Southwest), offers a wide range of retirement plan and recordkeeping solutions. ABG Southwest provides employee benefit plan consultation, design, recordkeeping, and administration services for benefit plans ranging to up to 2,000 participants in size. ABG Southwest is a member of Alliance Benefit Group (ABG), one of the largest retirement-administrative-plan networks in the country.

Forensic Accounting & Valuation

We provide forensic investigation, litigation support and expert witness testimony services. We’ve served on behalf of both plaintiffs and defense attorneys, as neutral experts, and as Special Masters assigned by the court. The many and varied types of cases for which we have served include:

• Economic damages (business lost profits, personal injury wage losses, commercial litigation, employment disputes, intellectual property
• Fraud (loss calculations, presence of fraud patterns, analyzing movements and uses of cash)
• Insurance defense (business interruption, financial condition analysis, catastrophe losses and other)

REDW also has a team of professionals dedicated to valuation and appraisal of businesses, ownership interests in businesses, intangible assets, and the appraisal of machinery and equipment.

Internal Audit

Online Auditing Course For Accounting

We provide internal audits that ensure compliance with the NIGC MICS, fully outsourced internal audits, co-sourced arrangements where our experts provide direction, risk assessments, temporary internal auditors or managers to fill employment gaps, and development of policies and procedures that can identify best-practice opportunities. Our services can be tailored to fit any budget.

Human Resources Consulting

Our experienced consultants can provide support to your existing HR director and assist with the following:

• Employee interviews & critical skill assessments
• Organizational & compliance assessments
• Leadership & development training
• Facilitating employee meetings & mediation
• Developing policies & procedures
• Implementing a performance appraisal & evaluation system
• Facilitating strategic planning sessions
• Developing a personnel handbook
• Consulting on compensation & benefit plans

We also continue to compile an unparalleled annual survey of Tribal Compensation data that Tribes need to make smart, strategic decisions for strengthening their workforce. In 2019, this service was expanded to include wage survey data for Tribal Gaming organizations in addition to Tribal Governments.

Regulatory Compliance

We perform NIGC Minimum Internal Control Standards (MICS) compliance evaluations. Our gaming audit experts work closely with tribal gaming commissions, audit committees and gaming enterprise boards to ensure the level of MICS compliance achieved is maximized. We also perform compliance reviews and reporting specific to each Tribe based on the gaming compacts and agreements in place with the applicable state. REDW offers training classes for tribal gaming commission and casino personnel on improving internal controls and complying with the NIGC MICS.

Software Solutions

We will work with you to select an appropriate accounting software product, and then help to ensure a smooth transition by training your staff. As we are both accountants and software specialists, we can advise Tribes on financial and IT risk, whether for general accounting purposes or for casino and other enterprise operations. We offer SAGE 100 ERP software and an array of other software solutions for tribal gaming properties.

Tax Compliance & Consulting

Our tax professionals apply expert strategy specific to Indian Country. This helps your enterprise keep pace with regulations and auditors, while also contributing to your overall business strategy.

Title 31 Assessment & Training

Free Auditing Courses Online

We perform reviews and testing for Title 31 compliance, assist in risk assessment determination unique to each casino, and can also help to design internal controls, policies and procedures. Our training courses for casino personnel include identification of unusual or suspicious transactions, to the extent that the reporting of such transactions is required by Title 31, Subtitle B, Chapter X, by other applicable law or regulation, or by the casino’s own administrative and compliance policies.

Training

REDW offers a variety of training options with experienced trainers who understand the technology, finance, accounting and operations management issues faced by tribal casinos and other enterprises. We can deliver training directly to your staff at your own facility. Courses are customized to fit your requirements with half- or full-day sessions.

Wealth Management

Casino Auditing Courses In Qatar

REDW Wealth’s team of wealth advisors can design and manage an investment portfolio to help protect your Tribe’s economic strength and stability for future generations. Our services include retirement plan advisory services, fiduciary reviews, audits and consulting, and financial education for employees and tribal members. REDW Wealth LLC is an SEC-registered subsidiary of REDW LLC.