Level II - NM Training Book

Accounting Issues Specific to Gaming Operations – Cont’d • Progressive Jackpots – In House vs. Externally Funded / Wide Area

• Players’ Club – Accounting for Free Play, Cash & Coupons

• Accounting for Complimentary Items

• Reliance on Controls & Computer Systems

Common Internal Control Weaknesses – A/P • Stale Policies and Procedures – Purchasing/Procurement, Payable Processing, Processing Payments, Maintaining Vendor Master Files. • Training and Staff Development • Improper Timing and Routing of Purchase Orders • Paying from Invoice Duplicates (copies) • Inadequate Segregation of Duties (ARC-Authorization, Recording, Custody) • Summarize Weaknesses – Test Controls? (Design & Operation of Internal Control)

BlueBird CPAs

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