Accounting for Clubs FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
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.
Highlights
Characteristics of clubs. Club financial statements. Departmental financial reports. Inventory accounting. Accounting for other assets. Accounting for leases. Club expenses. Accounting for payroll. Accounting for sales taxes. Club controls. Club operating ratios.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
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.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $56.00
Member Price $49.00