Revenue Recognition Update: Key Developments for Your Entity
In the gaming industry, it’s critical for financial statement preparers and auditors to stay current with new accounting standards.
Join REDW’s Bruce Bleakman, Principal and AICPA Revenue Recognition Task Force member, and Stephen Montoya, REDW Senior Manager, to learn how the FASB’s new revenue recognition standards apply to tribal gaming entities, including application of the new standard by casinos reporting under GASB standards.
Our experts provide a five-step process for recognizing revenue under the new standards and update you on potential implementation issues.
Additional topics to be covered include:
- Promotional allowances
- In-house progressive jackpots
- WAP and Participation fees
- Loyalty and other incentive programs
- Breakage or discontinuance of chips or tokens
- Gaming Revenue Recognition Implementation Issue from the AICPA’s Financial Reporting Center
- AICPA Issues #8b and #6-8D
|Bruce Bleakman, CPA
REDW PrincipalWith more than 25 years of experience in public accounting, Bruce is an expert in accounting and financial reporting for tribal governments and related enterprises, including tribal gaming and hospitality entities. He also serves state and local governments, educational institutions, financial institutions, and construction contractors. He is also a member of the Revenue Recognition Task Force of the American Institute of CPA’s (AICPA).
|Stephen Montoya, CPA
REDW Senior ManagerStephen has spent over 12 years in public accounting working almost exclusively with tribal casinos, tribal governments and other Native American organizations. He specializes in providing financial, minimum internal control compliance, federal programs compliance, and operational performance audit and evaluation services for tribal governments, casinos, and other tribal enterprises.