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Secure Transaction Accounting for Breweries
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Accounting
Course Description
The operations of a brewery present several unique issues for the accountant, especially in regard to beer costs and taproom operations. In the Accounting for Breweries course, we delve into how to create a brewery-specific chart of accounts, derive the cost of beer, issue profitability reports and financial statements, and account for numerous brewery-specific issues, while also touching upon a number of budgeting, reporting, and profitability enhancement topics.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the steps employed in the production of beer.
- Identify the classifications of the various accounts in a brewery chart of accounts.
- Specify the accounting issues associated with each area of a brewery operation.
- Recognize the various cost assignment systems used within a brewery.
- Recognize the accounting policies that may be used within a brewery, and how they can impact reported results.
- Recognize the characteristics of the periodic and perpetual inventory systems.
- Differentiate between costs that should be charged to expense and those that can be capitalized.
- Identify the proper classification of taxes that may be applied to a brewery.
- Recognize the considerations to be concerned about when making investment decisions for a brewery.
- Differentiate between the uses to which the various brewery metrics can be put.
Course Specifics
SS124373576
February 19, 2024
There are no prerequisites.
None
57
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
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