12070922 Level II Training Book

Some items in the 2020 Guide • Clarification that cash sales incentives/change in progressive jackpot liabilities should be accounted for as a contra revenue. • Clarification is provided that adjustments to chip/token floats due to breakage estimates or chip line discontinuation are to be recorded as a component of net gaming revenues.

• Using the work of internal auditors • Illustrative financial statements

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Some Items in the 2020 Guide

• Tier Status – Material Right? • “Gross Gaming Revenue” or “Win” Definition • Net Gaming Revenue Definition • Jackpot Insurance and Recoveries • Chips and Tokens • Base Progressive and Incremental Progressive JP • Promotional Allowances

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BlueBird CPAs

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