Accounting for Breweries

Master the specialized accounting requirements of brewery operations and improve financial performance. This course shows you how to design a brewery-specific chart of accounts, calculate the true cost of beer, and manage taproom accounting. You will produce meaningful profitability reports and financial statements while addressing industry-specific compliance and operational issues. Apply targeted budgeting and reporting techniques to control costs, enhance margins, and support smarter decision-making in a brewery environment.
Format

PDF Course

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Duration

2 Hours

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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.

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.