Accounting for Veterinary Practices (CPE Course)

CPE Credit: 3 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $35

Course Description
A veterinary practice has several operational issues that call for unique accounting solutions. In the Accounting for Veterinary Practices course, we cover the need for practice-specific controls, as well as profit center reporting for each of its revenue-generating areas. We also note the accounting for all major practice areas, including payroll, fixed assets, billings, and payables, with extensive coverage of how to close the books.

Author: Steven Bragg

Course Number: AC1161

Learning Objectives

  • Recall the contents of profit center reports for a veterinary practice.

  • Specify the contents of a veterinary practice income statement and balance sheet.

  • Identify the characteristics of the accrual and cash bases of accounting.

  • Recall the normal account balances of the different general ledger accounts.

  • Identify how a travel sheet is used in a veterinary practice.

  • Specify the accounting for bad debt write-offs.

  • Recall the accounting procedures relating to employee expense reports.

  • Identify the rules pertaining to the calculation of depreciation.

  • Specify the accounting for the different types of payroll transactions.

  • Recall the different types of controls that a veterinary practice might use within its accounting system.

  • Specify the process for conducting a bank reconciliation.

  • Recall how to review preliminary financial statements for errors.

  • Identify the financial analyses that pertain to a veterinary practice.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: October 2023

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.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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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.