TREASURERS CLUB ACCOUNTING WORKSHOP

    Agenda

    Welcome and Introductions
        Expectations
        Disclaimer
        Other Workshops

    General Club Accounting Concepts
        Club Organization
        Cost Basis

    NAIC Club Accounting Concepts
        Custom Designed
        Transaction Specific
        Account Selection
        Petty Cash Account
        Record Deletion
        Allocation of Expenses
        Unit Value Method
            Member Deposit transactions
            Member Deposit transactions, cont.
            Member Fee transactions
            Security Income
            Non-security Income
            Expenses
            Sale of securities
            Current stock prices
            Non-club transactions
            Non-club transactions, cont.
            Summary

    Club Accounting Procedures
        Monthly Processes
            Enter monthly transactions
            Reconcile balances
            Backup data
            Send notices
        Monthly Reports
        Monthly Reports, cont.
        Withdrawals
        Verification of Club Books
            Pre-filing verification
            Reports to print for Verification
            Other documents
            Procedures
            NAIC Resources
        Year End Duties
        Tax Information

    Club Accounting Tips
        Entering Dividends
        Dates on Transactions
        Problems with Journals not matching
        Total Return and Compound Annual Return

    Advanced Topics
        Company-paid fees/commissions
        Can one member buy out another?
        Options for total withdrawals
            Withdrawal paid with all cash
            Withdrawal paid with stock
            Other Considerations
        Equal partners?
        Cash Accounts
            Cash Accounts, cont.
            Cash Accounts, cont.
        Member Deposit vs. Member Fee
            Member Deposit vs. Member Fee (cont.)
            Member Deposit vs. Member Fee (cont.)
            Member Deposit vs. Member Fee (cont.)
            Member Deposit vs. Member Fee (conclusion)

    Resources
        NAIC
        ICLUBcentral
        Yahoo Stock Information
        IRS

    Questions?