CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Accounting for Breweries

$58.00$78.00

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CPE Credits

2 Credits: Accounting
Course Level
Overview
Format
Self-Study

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.

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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.
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Course Specifics

Course ID
SS124373576
Revision Date
February 19, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
57

Compliance Information

NASBA Provider Number: 103220

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 …