Surgent's Guide to the Business of Booze: Accounting for Restaurants & Bars (RESB)

Course Details

Date

Thursday, January 17, 2019

7:00am – 9:00am

Field of Study

Accounting

Course Number

SU0933

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Basic

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

Description

Since Prohibition, the alcohol industry has operated according to a complex and heavily regulated system. The industry is now changing dramatically as the traditional "three tiers" clash with an Internet world and electronic sales. For CPAs handling the accounting for restaurant and bar clients, it is critical to understand the effect of these changes today as well as their implications for the future.

Highlights

  • Overview of the business of alcohol
  • Overview of the three-tier system
  • Role of the federal government (TTB, FDA, ATF)
  • Role of state and local regulators
  • Special issues for bars and restaurants, including Dram Shop Liability
  • Craft beer revolution
  • Out-of-state shipping; transshipping
  • Umbrella licenses / license compliance companies

Objectives

  • Understand the traditional three-tier system for selling alcohol
  • Identify the role of the federal, state, and local regulators
  • Recognize how Internet sales and big box stores are changing the financials of the industry
  • Understand how the craft beer revolution is changing the financials of the industry
  • Understand the financials behind a restaurant and bar

Designed For

CPAs who advise clients that sell alcohol, especially bars and restaurants

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$89.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$109.00
Your Price $109.00

CPE Choice

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This course does not qualify for CPE Choice.

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