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 as well as 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), a Web-based 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.

This class has been 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 NRA account and the creation of the new Program Reserve
  • New information on fraud recovery proceeds for the receiving PHA under portability

SEMINAR #101-034

AGENDA: Agenda

HCV Rent Calculation Workbook, HCV HUD References Course Book, 50058 forms for HCV rent calculation, NMA pen, pencil, calculator, and bag

A group-live seminar featuring PowerPoint, case studies, group discussion, class materials (workbook, course book or master book), brainstorming, and Q & A Basic program level. Prerequisites: None. Advanced Preparation: None

Three days

Accounting and finance staff and executive directors

The certification exam is available for $150. The certification exam is offered online and in-class.

CPE units  = 16. CEU units w/ exam = 1.7

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.

Contact Us

1810 Gillespie Way, Suite 202 
El Cajon, CA 92020
Phone: 800-783-3100
Fax: 619-258-5791
Email: sales@nanmckay.com

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