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Understanding Financial Statements - April 23

Understanding Financial Statements

Apr 23rd | 1:00 pm - 4:00 pm Eastern

HCV Track PH Track ED 101 Track

This session provides an overview of the basic terminology used in discussing financial statements and covers the following topics:

Financial reporting framework used by PHAs to account during the year (i.e., cash vs. GAAP-based transactions)
Monthly financial statements provided by fee accountant or finance and how these financial statements differ from year-end financial statements
Types of reports a PHA should have available on a monthly basis (including those reports that a fee accountant typically would provide)
Use of financial statements for monitoring.
Review of the various reports and schedules that an auditor will prepare as part of an audit.

* Course is offered in the HCV, PH, and ED 101 tracks.

WHO SHOULD ATTEND: Housing authority staff and Board members whose responsibilities and/or duties include reviewing the PHA’s financial statements and monitoring financial performance, such as Executive Directors and other senior management. Also applicable to new Executive Directors.

COURSE FEE: The fee for this 3-hour course is $179 per person

COURSE FORMAT: Webinars are hosted on the Zoom webinar platform. A camera and microphone are not required.

CPE CREDIT: CPE Credit Provided by AHACPA

OTHER UPCOMING WEBINAR OPPORTUNITIES

May 7th | 1:00 pm - 4:00 pm Eastern

Housing Choice Voucher (HCV) Funding

HCV Track

This session discusses the funding methodology for the Housing Choice Voucher program and the provisions related to the allocation of those funds for the FY 2023 Appropriations. In addition, this session will highlight the various HAP and Administrative Fee categories and other program guidance contained in PIH Notice 2023-07. This session is particularly timely since the first application deadlines for the $200 million in additional HAP set-aside categories are due June 16, 2023.

May 14th | 1:00 pm - 4:00 pm Eastern

Accounting for Component Units/RAD Conversions (New)

HCV Track PH Track

Many agencies have taken steps to reposition their public housing portfolio through RAD conversions or low-income housing tax credits (LIHTC). As such, agencies also need to understand the reporting requirements for the new entities, i.e., component units that are created as a result of these transactions. This session will discuss:

The major GAAP requirements for reporting component units, including GASB 14 (The Financial Reporting Entity) and the respective amendments, and
Various conversion scenarios and the reporting requirements for each scenario.

* This session is also offered in the HCV program track.

More Information on Each Track

Click below to download a detailed agenda for the webinar series for each track.

Additional Continuing Education Information

WHO SHOULD ATTEND:

Public Housing & ED 101 | Financial Management Track - Housing authority supervisory / program staff, accounting and financial management staff, and independent auditors wanting to understand HUD’s program rules, financial and accounting requirements for the Public Housing program.
HCV & ED 101 | Financial Management Track - Housing authority supervisory / program staff, accounting and financial management staff, and independent auditors wanting to understand HUD’s program rules, financial and accounting requirements for the HCV program.
ED 101 Track - Executive Directors with less than 3 years of experience in the ED position and Public Housing or HCV supervisors interested in advancing to an Executive Director position.

COURSE FEES:

The fee for a 2-hour course is $129 per person, unless otherwise noted
The fee for a 3-hour course is $179 per person
Organizations or participants that register for 3 or more of the same/different course will receive $10 discount per course. Discount only applies to registrations submitted at the same time and is not retroactively applied.

COURSE FORMAT: Webinars are hosted on the Zoom webinar platform. A camera and microphone are not required.

CPE CREDIT: CPE Credit provided by AHACPA

WHO IS AH FORWARD?
AH Forward combines the expertise of three well-respected organizations: AHACPA Phineas Consulting Urlaub & Co Together, we have developed policies and procedures, conducted training, provided consulting, and technical assistance to the affordable housing industry and HUD. The three firms have a combined 100+years of experience in providing support to the affordable housing industry.
AH Forward was formed in 2019 and combines the expertise of three partner-firms: The Affordable Housing Association of Certified Public Accountants (AHACPA), Phineas Consulting LLC, and Urlaub & Co, PLLC. The firms and partners have more than 20 years of experience in providing consulting support to HUD, public housing agencies, and multifamily owners. Information on AH Forward and the firm’s service offerings are available at www.ahforward.com
AH Forward P.O. Box 2543 Ada, OK 74821 (580) 332-4802 info@ahforward.com Unsubscribe