Accounting for Breweries (CPE Course)
CPE Credit: 2 hours
Course Type: Downloaded PDF materials with online test
Price (with PDF Textbook): $20
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.
Author: Steven Bragg
Course Number: AC1132
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.
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Advance Preparation: None
Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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The NASBA sponsor identification number for Accountingtools, Inc. is 115881.
AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.