Accounting for Clubs
Clubs are usually organized on a nonprofit basis, but must still maintain tight cost controls to give their members good value. In the Accounting for Clubs course, we cover all aspects of the accounting systems and controls needed to maximize member services at a reasonable cost. Course materials include the accounting for inventory, fixed assets, leases, club expenses, and payroll, as well as a discussion of how to close the books and produce performance metrics.
Format
PDF Course
Level
Overview
Duration
3 Hours
Course Information
Author: Steven Bragg
Course Number: AC1175
Learning Objectives
- Cite the accounts that can be included in the chart of accounts for a club.
- Specify the structure and content of the financial statements for a club.
- Specify how the par level is used in inventory monitoring.
- State the main characteristics of a system of fixed asset depreciation.
- Identify the accounting for a leasehold improvement.
- Identify the accounting for a lease by the lessee.
- Specify which club expenses are classified as expendable items.
- Specify the accounting for mandatory gratuity charges.
- Identify the accounting for a club’s web site.
- Specify the accounting for a payroll, including the treatment of tips.
- Specify the metrics used by clubs, as well as the factors that can impact them.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 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.