Training Material Level II- NYNY Las Vegas Dec 2019

Statement of Revenues, Expenses, and Changes in Net Position • The connection between the current year balance sheet and previous year balance sheet.

• Shows how and why tribal equity changed from what it was last year to what it is this year.

• Why did the business get richer or poorer?

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Income Statement GASB Structure • Revenues o Direct operating expenses o General and administrative operating expenses • Equals Operating Income o -/+ Non operating Items (Interest) • Equals Net Income o Transfers to the Tribe • Equals Net Change in Net Position

10

BlueBird CPAs

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