Training

Seminars

HCV Financial Accounting and Reporting

Purpose

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
PREREQUISITES: None
ADVANCED PREPARATION: None
EXAM: The certification exam is available for $150. 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
REGISTER: Fill out the PDF registration form and fax to 619.258.5791. Or select the seminar you'd like to attend from the list of locations and dates below to order online.