Identify the calculations used for accelerated depreciation methods. Specify the intent behind using the mid-month convention. Recall the costs that can be capitalized into a fixed asset. Specify why the direct write-off method is not the best way to account for bad debts. State the reasons why a casino might accept a write-down on a marker. Recall the timing of payroll tax deposits under the different deposit schedules. Recognize the methods used to calculate employee compensation. Identify the situations in which a Form W-4 is used. Specify the proper accounting for the different types of comps, promotional allowances, and deals offered to customers. Identify the operations within a casino that can produce a deferred revenue liability. Recall the definition of revenue in the gaming industry. Specify the source of the information for the trial balance. Recall which accounting system incorporates the concept of being out of balance.
Recognize the different accounting principles. Identify the contents of a table drop box. Recognize the calculation for gross gaming revenue. State the types of transactions used to supply chips to and remove cash from a gaming table. Recognize the responsibilities of the cage staff, and the types of transactions that they handle. Specify the responsibilities of a casino controller. Recognize the factors that can impact the level of gaming taxes.
