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Accounting Fundamentals for Native CDFI’s - March 24 - 26, 2020

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Native Learning Center

6363 Taft Street

Hollywood, FL 33024

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Event description
Accounting Fundamentals for Native CDFI’s

About this Event

Registration will be open at 8 am. The training starts at 9 am and ends at 4 pm.

This training will focus on the needs of Native Community Development Financial Institution (CDFI) and Native American Financial Institution (NAFI) practitioners or those seeking to start a Native CDFI or NAFI. Specifically, those practitioners working in finance/accounting, Board members (who may need to review/provide oversight to organizational finances), and executive directors or management tasked with reviewing/understanding accounting/finances for their organization.

Course Description:

This interactive course will introduce accounting principles with respect to the preparation of accounting information, its use in the operation of the organization and financial reporting. Focus will be on understanding the fundamentals of accounting, debits and credits, accounting transactions and the preparation of financial statements.

Course Objectives:

  • Understand debits, credits and the use of T accounts.
    • Understand the difference between assets and liabilities and how to determine net assets.
    • Learn how to analyze your organization’s transactions and determine which amounts go into which accounts.
    • Create chart of accounts and enter transactions into accounts.
    • Practice journalizing transactions.
    • Practice transferring data from general journal to trial balance.
    • Hands on experience preparing financial statements from trial balance.

    Instructor biography:

    Chrystel Cornelius, Executive Director

    First Nations Oweesta Corporation

    Chrystel Cornelius is the Executive Director of First Nations Oweesta Corporation. As the only national Native CDFI intermediary, Oweesta’s mission is to provide opportunities for Native people to develop assets and create wealth by assisting in the establishment of strong, permanent institutions and programs, contributing to economic independence and strengthening sovereignty for all Native communities. Oweesta provides Native CDFIs with debt capital investments, technical assistance, and training to deliver financial and wealth building education programs to Tribal members across the United States.

    Ms. Cornelius has worked with Native communities for most of her professional career, with more than 19 years of experience working in the Native economic development field. She is an enrolled member of the Oneida Nation of Wisconsin and a member of the Turtle Mountain Band of Chippewa Indians located in North Dakota. As a former tribal planner for seven years of the Turtle Mountain Band, she has extensive experience in tribal government structures and coordinating with various government and private funding entities. She has developed and sustained numerous economic development initiatives for her Tribe, including wind energy initiatives, manufacturing contracts, as well as infrastructure projects for enhancing the overall capacity for reservation private and tribal business development.

    Ms. Cornelius was also the former and founding Executive Director of the Turtle Mountain CDFI. Incorporated in 2006, the organization provides an array of services including loans for consumer and business purposes for its tribal membership, in addition to an array of financial education and business development services promoting avenues to spur and propel entrepreneurial opportunities and private sector development for its tribal membership. Chrystel Cornelius is a founding steering committee member and long-term former board member for the Native CDFI Network (NCN), she is also serving her second term as a board member for Opportunity Finance Network (OFN), board member and treasurer for Red Feather Development Group and is an advisory member for Fannie Mae’s Affordable Housing Council.Ms. Chrystel Cornelius attained a Bachelor’s Degree in Business Management from the University of Mary in Bismarck, North Dakota.

    Florence Sterling Ludka, Chief Financial Officer

    First Nations Oweesta Corporation

    Florence Ludka is the Chief Financial Officer (CFO) for First Nations Oweesta, responsible for the oversight and management of all finance and lending related activities and staff.

    Prior to joining the First Nations Oweesta team, Ms. Ludka worked for a non-profit organization in Traverse City, Michigan for over 16 years as the Director of Finance and Technology. During her tenure, Florence procured expertise and experience in non-profit accounting, compliance, auditing practices, budget development and management, CRM/database management, administration, and training.

    Ms. Ludka obtained a Master’s in Business Administration (MBA) with an emphasis in accounting from the University of Michigan. Ms. Ludka completed her undergraduate studies at Lake Superior State University (LSSU) earning a Bachelor of Science in Public Accounting and an Associates of Science in Technical Accounting. After completing her MBA, Florence returned to her alma mater as an adjunct accounting faculty member teaching accounting principles, intermediate accounting, auditing, advanced accounting and federal taxation. Currently, Ms. Ludka is in her third year of a six-year Ojibwe language pane immersion program.

    Ms. Ludka splits her time between her Colorado and Michigan homes where she enjoys spending time and engaging in outdoor activities with her twin daughters and family pets. In her spare time Florence can be found crafting, kayaking, hunting, fishing, horseback riding, or out in the woods viewing and photographing wildlife.

    Ms. Ludka is an enrolled member of the Sault Ste. Marie Tribe of Chippewa Indians in Michigan.

    Travel Accommodations Details

    Below is a list of hotels that are within driving distance to the Native Learning Center Training Facility. For reservations, call or book online. A guest room block is not available for this training: however, any one of these hotels will honor the GSA rate. Guests will need to show their government ID upon check-in.

    *All listed hotels are within 9 miles of the Native Learning Center.

    Hyatt House| 954-922-0217

    90 SW 18th Ave, Dania Beach, FL, 33004

    Click here for the Hyatt House Website

    Hyatt Place| 954-922-0436

    91 SW 18th Ave, Dania Beach, FL, 33004

    Click Here for Hyatt Place Website

    Comfort Suites Fort Lauderdale | 954-771-4800

    191 SW 19th Court, Dania Beach, FL, 33004

    Click here for Comfort Suites Website

    Hampton Inn Suites Fort Lauderdale | 954-922-0011

    2500 Stirling Road, Hollywood, FL, 33020

    Click here for Hampton Inn Suites website

    Best Western Plus Fort Lauderdale ARPT | 954-926-7300

    1900 Stirling Road, Dania Beach, FL, 33020

    Click here for Best Western Plus website

    Holiday Inn Airport | 954-925-9100

    2905 Sheridan Street, Hollywood, FL, 33020

    Click here for Holiday Inn website

    Extended Stay America Suites | 954-476-1211

    7550 State Road 84, Davie, FL, 33317

    Click here for Extended Stay America Suites website

    Hampton Inn & Suites by Hilton | 954-922-0011

    2500 Stirling Road, Hollywod, FL, 33020

    Click here for Hampton Inn & Suites by Hilton website

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    Native Learning Center

    6363 Taft Street

    Hollywood, FL 33024

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