Tuesday, May 19, 2020 at 9:00 AM MDT
Wednesday, May 20, 2020 at 4:00 PM MDT

Add to Calendar 





Lynn Nuvamsa 
KIVA Institute, LLC 
(866) 202-5482 ext. 5 

2020.05.19-20 Accounting Basics for Tribes - Online Session 

I Will Learn:

This course provides instruction on accounting fundamentals and protocols to arm the attendees with a basic understanding of accounting, including but not limited to:

  • 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)
  • Basic Accounting Concepts (“The 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, interfund loans, interfund transfers, activities)
  • Basis of Accounting (cash, accrual, modified accrual, measurement focus)
  • 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.).