Accounting for Clubs (CPE Course)
Related Courses
CPE Credit: 3 hours
Course Type: Downloaded PDF materials with online test
Price (with PDF Textbook): $35
Course Description
Clubs are usually organized on a nonprofit basis, but must still maintain tight cost controls to give their members good value. In the Accounting for Clubs course, we cover all aspects of the accounting systems and controls needed to maximize member services at a reasonable cost. Course materials include the accounting for inventory, fixed assets, leases, club expenses, and payroll, as well as a discussion of how to close the books and produce performance metrics.
Author: Steven Bragg
Course Number: AC1175
Learning Objectives
Cite the accounts that can be included in the chart of accounts for a club.
Specify the structure and content of the financial statements for a club.
Specify how the par level is used in inventory monitoring.
State the main characteristics of a system of fixed asset depreciation.
Identify the accounting for a leasehold improvement.
Identify the accounting for a lease by the lessee.
Specify which club expenses are classified as expendable items.
Specify the accounting for mandatory gratuity charges.
Identify the accounting for a club’s web site.
Specify the accounting for a payroll, including the treatment of tips.
Specify the metrics used by clubs, as well as the factors that can impact them.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 2024
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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AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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.