Intermediate Tribal Finance and Accounting Certificate
Further your tribal accounting knowledge.Oct. 15 - Nov. 7, 2024
Connect with peers and gain further knowledge and experience to become a more effective tribal finance and accounting professional and leader.
More Information
This four-week program is presented virtually via live Zoom sessions. Participants can
expect to dedicate two, three-hour days per week to completing the program. Interact
with and learn from other tribal finance and accounting professionals throughout the
state and beyond. Participants can receive up to 25 hours of CPE credit.
Who should attend?
- Mid-level employees in tribal financial positions
- Individuals who have attended and completed the In-Person Introductory Tribal Finance and Accounting or Online Introductory Tribal Finance and Accounting certificate program
- Professionals looking to acquire increased knowledge regarding tribal finance and accounting (i.e. accountants, lawyers, bankers, etc.)
- Elected tribal officials and leaders who wish to better understand the financial side of a business decision
Agenda, Credit, Learning Objectives and Sponsors
- Agenda: Week One
Time Session Hours CPE Week 1: Day 1, October 15
1–2:30 p.m. Financial Statements and Interpreting DataAngela Spencer, Department Head, Associate Professor; Lanny Chasteen Chair, Undergraduate Program Coordinator, OSU Spears School of Business, School of AccountingRachel Domnick, Master’s Program Coordinator and Instructor of Professional Practice, OSU Spears School of Business, School of Accounting1.5 Technical, Accounting 2:30–4 p.m. Developing a Toolkit to Help Financial Leaders to Educate/Teach Non-Financial Leaders Angela Spencer, Department Head, Associate Professor; Lanny Chasteen Chair, Undergraduate Program Coordinator, OSU Spears School of Business, School of AccountingRachel Domnick, Master’s Program Coordinator and Instructor of Professional Practice, OSU Spears School of Business, School of Accounting1.5 Technical, Accounting Week 1: Day 2, October 17 1–4 p.m. Using Financial Date in Accounting
David Carter, Instructor of Professional Practice, OSU Spears School of Business, Department of FinanceJoel Haaser, Partner, Nonprofit, Education & Public Sector, Forvis Mazars3 Technical, Accounting - Agenda: Week Two
Time Session Hours CPE Week 2: Day 1, October 22 1-4 p.m. Process Improvements for the Finance and Accounting DepartmentAudrey Gramling, Professor, Anadarko Petroleum Corporation Endowed Chair, OSU Spears School of Business, School of AccountingJoel Haaser, Partner, Nonprofit, Education & Public Sector, Forvis Mazars3Technical, FinanceWeek 2: Day 2, October 24 1–4 p.m. OSU Virtual Tribal Finance and Accounting Conference 4 - Agenda: Week Three
Time Session Hours CPE Week 3: Day 1,
October 29
1–4 p.m. Principles and Standards - Tribal Governmental Accounting
Hattie Mitchell, Director, Client Advisory and Accounting Services, REDW Advisors & CPAsWesley Benally, Principal, Client Advisory and Accounting Services, REDW Advisors & CPAs3 Technical, Finance Week 3: Day 2,
October 31
1–2:30 p.m. Internal Controls, Managing and Budgeting of Tax Revenues
Hattie Mitchell, Director, Client Advisory and Accounting Services, REDW Advisors & CPAsWesley Benally, Principal, Client Advisory and Accounting Services, REDW Advisors & CPAs1.5 Technical, Taxes 2:30–4 p.m. Tribal Revenues Taxes and Payments
Hattie Mitchell, Director, Client Advisory and Accounting Services, REDW Advisors & CPAsWesley Benally, Principal, Client Advisory and Accounting Services, REDW Advisors & CPAs1.5 Technical, Taxes - Agenda: Week Four
Time Session Hours CPE Week 4: Day 1, November 5 1–2 p.m. Fraud Prevention and DetectionJerry Roberts, Business Assurance Sr. Manager, Tribal and Gaming Practice, Moss Adams1Technical, Regulatory Ethics2–3 p.m. How to Create a Cashflow StatementJerry Roberts, Business Assurance Sr. Manager, Tribal and Gaming Practice, Moss Adams1 Technical, Management Services 3–4 p.m. Fair Value Accounting of InvestmentsJerry Roberts, Business Assurance Sr. Manager, Tribal and Gaming Practice, Moss Adams1 Technical, Special Knowledge Week 4: Day 2, November 7 1–2 p.m. Ethics 2.0Rachel Cox, Instructor of Professional Practice, OSU Spears School of Business, School of Accounting1 Non-Technical, Behavioral Ethics 2–4 p.m. Introduction to Tribal Investments & Treasury ManagementAndy Webb, Partner and Chief Investment Officer, FSA Investment Group2 Technical, Management Services -
Available Credit
CEU and CPE Credit
The following CPE Subject Areas are reflected in this program:
- 3.0 CPE credits of Accounting
- 1.0 CPE credits of Behavioral Ethics
- 9.0 CPE credits of Finance
- 3.0 CPE credits of Management Services
- 1.0 CPE credits of Regulatory Ethics
- 1.0 CPE credits of Special Knowledge
- 3.0 CPE credits of Taxes
- 3.0-4.0 CPE credits of Undecided.
Upon successful completion of the program, participants will receive a total of 24 hours of CPE credit. Participants are required to attend and participate in each complete session to receive CPE credit.
The program content is appropriate for business professionals from entry level to mid-level managers. For CPE purposes, the knowledge level of the course is "intermediate." There is no prerequisite education/experience or advance preparation required for participating in the program. Instructional delivery method—Group Live: Synchronous learning in a group environment with real time interaction of an instructor or subject matter expert that provides the required elements of attendance monitoring and engagement.
The Oklahoma State University Center for Future of Work 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 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: www.nasbaregistry.org
- Learning Objectives
Financial Statements and Interpreting Data
Attendees will:
- Review the information presented on financial statements
- Analyze data on financial statements
Developing a Toolkit to Help Financial Leaders to Educate/Teach Non-Financial Leaders
Attendees will:
- Discuss and describe the goal of the financial manager
- Identify the implications for decision-making
Using Financial Data in Accounting
Attendees will:
- Review the unique characteristics between finance and accounting matters
- Identify and analyze common financial ratios and scenarios. Identify and understand the accounting standards that require the use of certain financial ratios
Process Improvements for the Finance and Accounting Department
Attendees will:
- Identify and analyze risks to reliable financial reporting
- Develop and manage appropriate responses to risks to reliable financial reporting
Principles and Standards — Tribal Governmental Accounting
Attendees will:
-
- Identify GASB standards that include accounting and disclosure requirements for:
- Debt
- Capital assets (including GASB 87 Updates)
- Investments
- Fiduciary Funds
- Revenue recognition, governmental
- Expenditure recognition, governmental
Internal Controls, Managing and Budgeting of Tax Revenues
Attendees will:
- Discuss accounting recognition for taxes from GASB standards
- Discuss the use of tax revenues and accounting per GASB standards
- Review budgeting and monitoring of tax revenues and uses
- Identify internal controls for administering tax revenue programs
Tribal Revenues Taxes and Payments
Attendees will:
- Identify the types of tax revenues that governments assess, and the typical tax revenues they may enact
- Review the types of federal taxes and some state taxes that tribes are required to pay, including the IRS published guidance for Tribes
- Discuss what state/tribe tax revenue sharing agreements are and review a couple of examples of such agreements
How to Create a Cash Flow Statement
Attendees will:
- Identify the importance of utilizing a cash flow pro forma statement during the budgeting process
- Review how to estimate cash inflows and outflows to plan for future financing and investing opportunities
- Examine the importance of properly managing cash flows, updating projections and communicating unfavorable variances to those charged with governance
Fair Value Accounting of Investments
Attendees will:
- Examine key provisions for reporting investments at fair value in GASBS 72 Fair Value Measurement and Application and GASBS 90 Majority Equity Interests
- Review how to read and understand the disclosure requirements for investments
- Identify the financial reporting requirements for your Tribe’s investments and when to reach out
Fraud Prevention and Detection
Attendees will:
- Identify key risks of fraud that impacts Tribal governments and how to be prepared
- Discuss examples of fraud and what safeguards could have been implemented to mitigate the risk
- Review the difference between key internal controls that prevent and detect fraud versus accounting processes that add little value
Ethics
Attendees will:
- Review how effective tribal governance determines the extent of deviation from ethical principles
- Identify how there is extraordinary pressure that people face every day and the importance of effective internal controls within a tribe
- Discuss ethics program orientation types that can be adopted by a tribe and why some are more effective than others
Introduction to Tribal Investments and Treasury Management
Attendees will:
- Identify the basics of investment asset classes and portfolio asset classes
- Review portfolio allocation and construction
- Review how to create an Investment Policy Statement
- Examine short-term vs. long-term investment strategies
- Sponsors
Program Policies
If a participant would like to cancel her/his registration less than 10 days prior to the program, you are welcome to send a substitute. A refund is available given notification no later than 11 days prior to the program. If you are cancelling your registration or transferring your registration to a colleague, please contact the OSU Center for Future of Work, at 405-744-5208 or cfw@okstate.edu. The CFW will send you an email confirming your cancellation and refund if applicable.
For more information regarding administrative policies such as complaints, please contact the assistant program manager, Lindsey Ray at 405-744-5208 or lindssk@okstate.edu. The program content is appropriate for entry level employees and those looking to gain an understanding in tribal finance and accounting.
For CPE purposes, the knowledge level of the course is "basic". There is no prerequisite education/experience. A pre-test will be shared with program participants by the program administrator after registration and prior to attendance.