Accounting for Breweries (CPE Course)

CPE Credit: 2 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $25

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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.

Author: Steven Bragg

Course Number: AC1132

Learning Objectives

  • 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.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: May 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.