Accounting for Truckers (CPE Course)

CPE Credit: 4 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $45

Course Description
Trucking operations tend to run on narrow margins, and so must operate well-designed accounting systems to help them identify and correct problems as quickly as possible. In the Accounting for Truckers course, we describe the general principles of accounting as they apply to trucking operations, identify accounting transactions specific to trucking, demonstrate how to set up a record keeping system, control costs, measure performance, and much more.

 

Author: Steven Bragg

Course Number: AC1150

Table of Contents

Chapter 1. General Principles
Chapter 2. Accounting Transactions for Trucking
Chapter 3. Payroll Processing
Chapter 4. Accounting Record Keeping
Chapter 5. How to Organize the Business
Chapter 6. Cost Controls
Chapter 7. Trucker Metrics

Learning Objectives

  • Identify how the accounting cycle operates.

  • Specify the characteristics of a double entry accounting system.

  • Describe how the accrual method of accounting works.

  • Identify the accounts typically included in a trucker’s financial statements.

  • Specify how a balance sheet is constructed.

  • Identify the general account classifications used on a balance sheet.

  • Recall the elements of the journal entries used by a trucking business.

  • Specify the contents of a payroll register.

  • Identify the responsibilities of the parties when payroll is outsourced.

  • Specify how to set up a record storage system.

  • Specify the rules for dealing with cross-referencing in a filing system.

  • Recall the physical storage systems that can be used for record storage.

  • Recall the advantages and disadvantages of the different legal structures that a trucking business might use.

  • Specify how freight factoring works for a trucking business.

  • Identify the coverage provided by a claims-made policy.

  • Recall the advantages of using a fuel card.

  • Recall the advantages of setting up freight lanes.

  • Identify the metrics that can be used to monitor the performance of a trucking business.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: January 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.

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.