Casino Accounting Classes

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Casino Accounting, Auditing and Fraud Prevention
for Indian Gaming Organizations

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. Possible course topics include internal casino organization and interactions, casino accounting and human resources management. You may also study food and beverage management, public relations. Continuing Professional Education (CPE) products and training enable you to improve your skills and provide increased value to your clients and employers throughout your accounting career. For CPAs on the go, AICPA offers over 350 cpe self-study courses. Table of Contents ii Posting to the General Ledger.


What makes casino accounting and auditing so complex? Attend this class to find out and improve your understanding of this highly regulated industry. From monitoring casino transactions, recording financial activity to reporting suspicious activity, tribal gaming operations face a myriad of challenges. Join our expert and learn to navigate through the complex regulations as well as accounting and auditing procedures critical to the financial well-being of any gaming operation. You'll learn what the differences and similarities are between a financial statement audit, fraud audit, forensic investigation and internal controls audit. Plus, you'll examine case studies to see how real-life fraud was detected, who the players were, and what the investigation process involved. The best way to combat losses due to fraud is to improve your system of internal controls and have the knowledge to recognize and report unusual activity at your property.

This overview class is a must for casino accounting department personnel, casino management, gaming commission personnel and others involved with tribal casinos. Register today!

T O P I C S I N C L U D E
Introduction to Casino Accounting
  • Internal and external financial reporting
  • Managerial reporting concepts
  • Accounting systems
  • Accounting functions
  • Accounting risks and controls
  • Casino specific accounting issues
Introduction to Casino Auditing
  • Regulatory requirements
  • External and internal auditing basics
  • Casino specific auditing issues
  • Audit guide and official pronouncements
  • Auditing risks and controls
Internal Control Environment
  • Minimum Internal Control Standards (MICS)
  • Class II versus Class III Internal Controls
  • Tribal-state compacts
  • Control activities
  • Information and communication
  • Monitoring
Internal Auditing
  • Regulatory audit requirements
  • Best practices beyond the NIGC MICS
  • Internal audit best practices
  • Risk analysis approach
  • Audit planning
  • Report writing
Slot Machine Accounting and Auditing
  • Revenue flow
  • Revenue audit procedures
  • Slot risks and controls
  • Audit procedures
Table Game Accounting and Auditing
  • Revenue flow
  • Revenue audit procedures
  • Table games risks and controls
  • Audit procedures
Cage and Vault Functions
  • Cage and vault accounting concepts
  • Importance of cage accountability
  • Revenue audit procedures
  • Cage risks and controls
Other Revenue Functions
  • Hotel accounting and controls
  • Food and beverage accounting and controls
  • Gift shop/golf accounting and controls
Special Issues
  • Controlling comps
  • Coupon issuance and redemption controls
  • Player's clubs and promotions
  • Key accountability and electronic systems
Current IRS Issues
  • W-2G and 1099 issues
  • Customer identification requirements
  • IRS tip compliance programs
Title 31 Compliance Program
  • Compliance responsibilities
  • Key requirements of program
  • Penalties for non-compliance
  • FinCEN Guidance and new regulations
Introduction to Fraud
  • Occupational fraud
  • External fraud
  • Fraud triangle
  • Trail of evidence
  • Forensic accounting
Data Analysis
  • Available data
  • Analysis tools
  • Basic tests
  • Advanced techniques
Fraud Prevention
  • Fraud risk assessment
  • Fraud detention and investigation
  • Fraud protection
Information Technology
  • Access controls
  • Segregation of duties
  • System limitations
Other
  • Procurement
  • Payroll
  • Employee benefits
  • Pay applications (construction)
  • Expense reimbursements

*Topics subject to change.

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

Accounting Classes Near Me

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.

Casino Accounting Classes

Level: Overview

Instructional Method: QAS Self-Study

Casino Accounting ClassesCasino Accounting Classes

NASBA Category: Accounting

Casino accounting training

Prerequisites: None

Advance Preparation: None

Casino Accounting Classes For Beginners

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.

Casino Accounting Training

Casino accounting training

Casino Accounting Classes Online

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.