Mobile Edition


Guide to the Business of Booze: Accounting for Restaurants & Bars (RESB) (SURESB03)

 
Date:Friday, October 18, 2019
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Accounting and Auditing
Vendor:Surgent McCoy
Course Level:Basic
Early Bird Price:$89.00 FICPA Members, $119.00 Non-Members

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.

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


Major Topics:
  • 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


Who Should Attend:
CPAs who advise clients that sell alcohol, especially bars and restaurants

Prerequisite:
None

Advanced Preparation:
None

Session/Options

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Registration Status: OPEN