Collection: HCV Financial Accounting and Reporting


As the most comprehensive training on HCV program financial accounting and reporting available, HCV Financial Accounting and Reporting will provide you with the knowledge and tools needed to understand the proper use of HUD’s chart of accounts for the HCV program, the application of specific GAAP requirements for various HCV accounting transactions, revenue recognition guidelines, and HCV equity accounts. In addition, this three-day training will cover cost allocation plans and fee-for-service, including the difference between the two and when they would be used. Other topics include special rules for the accounting of fraud recoveries, portability, and FSS escrow accounts. You will also learn how to properly report year-end financial information to HUD in accordance with GAAP using the Financial Data Schedule (FDS), an online reporting tool HUD uses to capture financial information about the program.

This training will be most beneficial to housing authority accounting and financial management staff. Independent auditors desiring to understand HUD’s financial accounting and reporting requirements for the HCV program will also benefit by attending. Content areas have been recently updated to include:

  • The latest information on how HUD wants various FDS line items to be used in recording HCV program income and expenses
  • How the implementation of cash management has impacted HAP revenue recognition
  • The Restricted Net Position (RNP) account and the creation of the new HUD Held Reserve (HHR)
  • New information on fraud recovery proceeds for the receiving PHA under portability
  • Reporting of CARES Act funds via the FDS

Seminar #101-034

AGENDA: View the agenda
METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A
LENGTH: Three days
AUDIENCE: Accounting and finance staff and executive directors
PROGRAM LEVEL: Intermediate
EXAM: The certification exam is available for $175. Select the exam during checkout or click here to view a list of certification exams available. Please note this class does not offer an in-class exam. An online exam option is available. 
CREDITS: CPE units = 23.75, CEU units w/ exam = 1.9

Nan McKay & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
CPE Sponsor ID# 101539

REGISTER: Fill out the PDF registration form and email to Or select the seminar you'd like to attend from the list of locations and dates below to order online.

By registering for and attending this training, you agree that you will not copy, share, post, or otherwise disseminate training or exam materials, including but not limited to posting on the internet, internal network, shared drive, or other publicly accessible means of access. Unauthorized distribution of NMA materials may result in the loss of your certification and/or legal action. Hotel Recommendations: Please note that these are only recommendations. We also recommend asking for the government rate when booking rooms at any hotel. Cancellations: If you are unable to attend this seminar, you may send a substitute or receive a credit toward a future seminar, to be attended within a one-year period. If you are unable to attend, you must notify NMA in writing at least 60 calendar days prior to the start date of the seminar. If you do not notify NMA in writing, you are responsible for the entire registration fee. If you cancel less than 60 days prior to the start date of this seminar, a cancellation fee of $150 will be assessed. Substitutions must be in writing on company letterhead with the seminar name, location and attendee name, and received by NMA prior to the seminar start date. NMA reserves the right to cancel a seminar at any time. If a seminar is canceled by NMA, registration fees will be refunded or credited in full. NMA is not responsible for airfare, lodging or other related expenses. Please plan ahead by purchasing refundable airfare. Retaking Exams: Exam retake options vary; call for details. You are permitted to fail an exam three times before you are required to retake the seminar. NMA reserves the right to change any policies or pricing at any time and in its sole discretion. For more information regarding refund, complaint and program cancellation policies, please contact our offices at 800.783.3100.