Courses

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

Registration Closed

Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Jul 24, 2019, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Basic

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.

Objective

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

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

Designed For

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

Prerequisite

None

Advanced Preparation

None