Accounting for Breweries

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.
Format

PDF Course

Level

Overview

Duration

2 Hours

Related Courses
Accounting for Wineries
Hospitality Accounting

Course Information

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 2024
Program Registration Requirements: Click on the Enroll button 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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The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

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